Franklin's EZBC Sees Sharp Outflows Amid Bitcoin Price Weakness

The Franklin Bitcoin ETF, EZBC, reported significant outflows of $16.46 million on August 12, marking a sharp decline in investor appetite for spot bitcoin exposure.

This represents roughly 4.8% of the fund's capital, a notable single-day contraction for a relatively young product with assets under management at $342.2 million.

The recent price weakness in BTC-USD, currently trading at $62,906.77 and down almost 19% over the past three months, may be contributing to this trend.