Franklin Templeton Digital Holdings Trust Files 10-Q
Ticker: EZBC · Form: 10-Q · Filed: Feb 12, 2025 · CIK: 1992870
| Field | Detail |
|---|---|
| Company | Franklin Templeton Digital Holdings Trust (EZBC) |
| Form Type | 10-Q |
| Filed Date | Feb 12, 2025 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $1.235 billion, $1 billion, $700 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, digital-assets, bitcoin-etf, filing
Related Tickers: EZBC
TL;DR
FT Digital Holdings Trust 10-Q filed. Bitcoin ETF (EZBC) details out.
AI Summary
Franklin Templeton Digital Holdings Trust filed its 10-Q for the period ending December 31, 2024. The filing, dated February 12, 2025, details the trust's operations and financial status. The trust is sponsored by Franklin Holdings, LLC, and its primary offering is the Franklin Bitcoin ETF (EZBC), traded on the Cboe BZX Exchange.
Why It Matters
This filing provides investors and the market with an update on the financial health and operational status of the Franklin Bitcoin ETF, a key product in the digital asset space.
Risk Assessment
Risk Level: medium — The trust's performance is directly tied to the volatile cryptocurrency market, specifically Bitcoin, and regulatory changes impacting digital assets.
Key Players & Entities
- Franklin Templeton Digital Holdings Trust (company) — Registrant
- Franklin Holdings, LLC (company) — Sponsor
- Franklin Bitcoin ETF (company) — Product
- EZBC (company) — Trading Symbol
- Cboe BZX Exchange, Inc. (company) — Exchange
- December 31, 2024 (date) — Quarterly Period End
- February 12, 2025 (date) — Filing Date
FAQ
What is the primary purpose of this 10-Q filing?
This 10-Q filing is a quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended December 31, 2024.
Who is the sponsor of Franklin Templeton Digital Holdings Trust?
Franklin Templeton Digital Holdings Trust is sponsored by Franklin Holdings, LLC.
What are the securities registered by Franklin Templeton Digital Holdings Trust?
The trust has registered Shares of Franklin Bitcoin ETF, traded under the symbol EZBC on the Cboe BZX Exchange, Inc.
What is the fiscal year end for Franklin Templeton Digital Holdings Trust?
The fiscal year end for Franklin Templeton Digital Holdings Trust is March 31.
When was this 10-Q filing submitted?
This 10-Q filing was submitted on February 12, 2025.
Filing Stats: 4,687 words · 19 min read · ~16 pages · Grade level 13.5 · Accepted 2025-02-12 16:47:32
Key Financial Figures
- $1.235 billion — rust has total annual gross revenues of $1.235 billion or more; the last day of the fiscal ye
- $1 billion — ous three-year period, issued more than $1 billion in non-convertible debt; or the date o
- $700 million — (i.e., an issuer that (1) has more than $700 million in outstanding equity held by non-affil
Filing Documents
- ef20039379_10q.htm (10-Q) — 576KB
- ef20039379_ex31-1.htm (EX-31.1) — 12KB
- ef20039379_ex31-2.htm (EX-31.2) — 12KB
- ef20039379_ex32-1.htm (EX-32.1) — 5KB
- ef20039379_ex32-2.htm (EX-32.2) — 5KB
- graph1.jpg (GRAPHIC) — 199KB
- 0001140361-25-004059.txt ( ) — 3878KB
- ezbc-20241231.xsd (EX-101.SCH) — 27KB
- ezbc-20241231_def.xml (EX-101.DEF) — 134KB
- ezbc-20241231_lab.xml (EX-101.LAB) — 177KB
- ezbc-20241231_pre.xml (EX-101.PRE) — 152KB
- ezbc-20241231_cal.xml (EX-101.CAL) — 14KB
- ef20039379_10q_htm.xml (XML) — 488KB
FINANCIAL INFORMATION
Part I. FINANCIAL INFORMATION
Unaudited Financial Statements of the Trust and the Fund
Item 1. Unaudited Financial Statements of the Trust and the Fund 1
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 26
Quantitative and Qualitative Disclosure About Market Risk
Item 3. Quantitative and Qualitative Disclosure About Market Risk 29
Controls and Procedures
Item 4. Controls and Procedures 29
OTHER INFORMATION
Part II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 31
Risk Factors
Item 1A. Risk Factors 31
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 31
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 31
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 31
Other Information
Item 5. Other Information 31
Exhibits
Item 6. Exhibits 31
SIGNATURES
SIGNATURES 33 3 Table of Contents
FINANCIAL INFORMATION
Part I. FINANCIAL INFORMATION Item 1. Unaudited Financial Statements of the Trust and the Fund FRANKLIN BITCOIN ETF FRANKLIN TEMPLETON DIGITAL HOLDINGS TRUST INDEX TO UNAUDITED FINANCIAL STATEMENTS Page Combined Statements of Assets and Liabilities at December 31, 2024 and March 31, 2024 for Franklin Templeton Digital Holdings Trust 2 Combined Schedules of Investments at December 31, 2024 and March 31, 2024 for Franklin Templeton Digital Holdings Trust 3 Combined Statements of Operations for the three and nine month periods ended December 31, 2024 for Franklin Templeton Digital Holdings Trust 4 Combined Statement of Cash Flows for the nine month period ended December 31, 2024 for Franklin Templeton Digital Holdings Trust 5 Combined Statements of Changes in Net Assets for the three and nine month periods ended December 31, 2024 for Franklin Templeton Digital Holdings Trust 6 Combined Notes to Financial Statements for Franklin Templeton Digital Holdings Trust 7 14 Schedules of Investments at December 31, 2024 and March 31, 2024 for Franklin Bitcoin ETF 15 16 17 18
Notes to Financial Statements for Franklin Bitcoin ETF
Notes to Financial Statements for Franklin Bitcoin ETF 19 1 Table of Contents FRANKLIN TEMPLETON DIGITAL HOLDINGS TRUST COMBINED STATEMENTS OF ASSETS AND LIABILITIES (Unaudited) December 31, 2024 March 31, 2024 Assets: Investment in bitcoin, at fair value (a) $ 711,865,807 $ 341,901,126 Total assets 711,865,807 341,901,126 Liabilities: Sponsor's fee payable 295,733 21 Total liabilities 295,733 21 Commitments and contingencies (Note 8) Net assets $ 711,570,074 $ 341,901,105 Shares issued and outstanding (b) 13,150,000 8,350,000 Net asset value per Share $ 54.11 $ 40.95 (a) Cost of investment in bitcoin: $ 471,560,931 at December 31, 2024 and $ 280,623,942 at March 31, 2024. (b) No par value, unlimited amount authorized. See accompanying notes to the unaudited financial statements. 2 Table of Contents FRANKLIN TEMPLETON DIGITAL HOLDINGS TRUST COMBINED SCHEDULES OF INVESTMENTS (Unaudited) December 31, 2024 Quantity of bitcoin Cost Fair Value % of Net Assets Investment in bitcoin 7,624.5173 $ 471,560,931 $ 711,865,807 100.04 % Total investments $ 471,560,931 $ 711,865,807 100.04 % Less liabilities ( 295,733 ) ( 0.04 )% Net assets $ 711,570,074 100.00 % March 31, 2024 Quantity of bitcoin Cost Fair Value % of Net Assets Investment in bitcoin 4,842.9986 $ 280,623,942 $ 341,901,126 100.00 % Total investments $ 280,623,942 $ 341,901,126 100.00 % Less liabilities ( 21 ) ( 0.00 )% Net assets $ 341,901,105 100.00 % See accompanying notes to the unaudited financial statements. 3 Table of Contents FRANKLIN TEMPLETON DIGITAL HOLDINGS TRUST COMBINED STATEMENTS OF OPERATIONS (Unaudited) For the Three Months Ended December 31, 2024* For the Nine Months Ended December 31, 2024* Expenses : Sponsor's fee $ 295,795 $ 664,201 Less waiver - ( 245,121 ) Total expenses 295,795 419,080 Net investment loss ( 295,795 ) ( 419,080 ) Net realized and change in unrealized gain (loss) on investment in bitcoin Net realized gain (loss)