Franklin Templeton Digital Holdings Trust reported a net decrease in net assets from operations of $(118.5M) for the year ended March 31, 2026, driven primarily by a $117.5M net realized and unrealized loss on bitcoin and $1M in sponsor fees.
Financial Highlights
- Net income: $(118.53M) net decrease in net assets resulting from operations for year ended Mar 31, 2026 (comprised of $117.50M net realized & unrealized loss on bitcoin and $1.03M sponsor fee).
- Diluted earnings per share: Metric omitted from Part 2 Items 7 or 8 per filing instructions.
- Revenue: Metric omitted from Part 2 Items 7 or 8 per filing instructions.
Business Highlights
- Fund launch & listing: The Franklin Bitcoin ETF began trading Jan 11, 2024 on Cboe BZX under ticker EZBC, providing ETF exposure to bitcoin.
- Assets & holdings: As of Mar 31, 2026 the fund held 6,302.8336 BTC with a market value of $429.4M following net issuances and redemptions.
- Performance drivers: NAV per share declined 18.02% year-over-year (Mar 31, 2025 to Mar 31, 2026), largely reflecting a 17.87% drop in the bitcoin price.
- Sponsor & expenses: The sponsor accrues a 0.19% annual fee (paid quarterly), assumed routine fund expenses and covered initial organization costs.
- Liquidity & creations/redemptions: Shares are created and redeemed only in 50,000-share Creation Units via Authorized Participants; most activity during the period was cash creations/redemptions.
Original SEC Filing:
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