Here are the 10-Q quarterly reports from Franklin Bitcoin ETF (EZBC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow EZBC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EZBC filings page.
Franklin Templeton Digital Holdings Trust, whose sole series is the Franklin Bitcoin ETF (ticker EZBC), reports that net assets declined from $429.3 million at March 31, 2026 to $334.7 million at June 30, 2026, driven by bitcoin price movements.
The Fund held 5,664.0163 bitcoins valued at $334.8 million at quarter-end, down from 6,302.8336 bitcoins as creations and redemptions adjusted holdings. Net asset value per share fell from $39.39 to $34.15, a 13.30% total return decline, closely tracking a 13.25% drop in bitcoin from $68,129.64 to $59,101.49.
The structure remains simple and low cost: the Fund’s only ordinary recurring expense is a Sponsor’s fee of 0.19% annually, with $205,215 accrued this quarter. To pay this fee and any non-assumed expenses, the Fund sells small amounts of bitcoin, which gradually reduces the bitcoin represented by each share. The Trust is a grantor trust and an emerging growth company, so income, gains, and losses flow through to shareholders for tax purposes, and reporting requirements are scaled under U.S. securities laws.
Franklin Bitcoin ETF (EZBC) reported higher asset levels as bitcoin prices rose. Net assets were $661,050,465 and NAV per share was $66.11 as of September 30, 2025. The Fund held 5,789.9639 bitcoin at fair value of $661,347,104.
Operations reflected bitcoin’s gains. For the quarter, the Fund recorded a net increase in net assets from operations of $28,110,354, driven by $28,407,027 of net realized and unrealized gains on bitcoin, offset by a $296,673 sponsor fee. For the six months, net increase from operations was $156,411,163. Total return at NAV was 5.17% for the quarter and 37.59% for the six months.
The sponsor fee accrues at 0.19% annually; $296,639 was accrued for the quarter. Share activity over six months included creations of $148,387,208 and redemptions of $54,605,249. Shares outstanding were 10,000,000 as of September 30, 2025. The Trust remains an emerging growth company and is structured as a grantor trust for U.S. tax purposes.