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COMBINED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2025
Sponsor's fee $ 54,280 $ 965,680
Less waiver (54,259) (245,121)
Total expenses 21 720,559
Net investment loss (21) [1] (720,559)
Net realized and change in unrealized gain (loss) on investment in bitcoin:    
Net realized gain (loss) from bitcoin sold for the redemption of shares and sold to pay expenses 0 [2] 73,974,049
Net change in unrealized appreciation (depreciation) on investment in bitcoin 61,220,195 [2] 35,898,082
Net realized and change in unrealized appreciation (depreciation) on investment in bitcoin 61,220,195 109,872,131
Net increase (decrease) in net assets resulting from operations $ 61,220,174 [2] $ 109,151,572
Net increase (decrease) in net assets per Share (in Dollars per share) [3],[4] $ 15.63 $ 9.58
Franklin Bitcoin ETF [Member]    
Sponsor's fee $ 54,280 $ 965,680
Less waiver (54,259) (245,121)
Total expenses 21 720,559
Net investment loss (21) [1] (720,559)
Net realized and change in unrealized gain (loss) on investment in bitcoin:    
Net realized gain (loss) from bitcoin sold for the redemption of shares and sold to pay expenses 0 [2] 73,974,049
Net change in unrealized appreciation (depreciation) on investment in bitcoin 61,220,195 [2] 35,898,082
Net realized and change in unrealized appreciation (depreciation) on investment in bitcoin 61,220,195 109,872,131
Net increase (decrease) in net assets resulting from operations $ 61,220,174 [2] $ 109,151,572
Net increase (decrease) in net assets per Share (in Dollars per share) [3],[4] $ 15.63 $ 9.58
[1] On December 15, 2023, prior to the commencement of the Fund’s operations, Franklin Resources, Inc., an affiliate of the Sponsor (the “Seed Capital Investor”) purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on December 15, 2023. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On January 8, 2024, the Initial Seed Shares were redeemed for $100,000 and the Seed Capital Investor purchased two creation units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 29.00000000 bitcoins per Creation Unit (or 0.00058 bitcoins per Share), for a total of 58.00000000 bitcoins (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 58.00000000 bitcoins at the price of $44,973.58 per bitcoin on January 8, 2024. The transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,608,467.81 (an amount representing 58.00000000 bitcoins).
[2] On December 15, 2023, prior to the commencement of the Fund’s operations, Franklin Resources, Inc., an affiliate of the Sponsor (the “Seed Capital Investor”) purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on December 15, 2023. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On January 8, 2024, the Initial Seed Shares were redeemed for $100,000 and the Seed Capital Investor purchased two creation units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 29.00000000 bitcoins per Creation Unit (or 0.00058 bitcoins per Share), for a total of 58.00000000 bitcoins (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 58.00000000 bitcoins at the price of $44,973.58 per bitcoin on January 8, 2024. The transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,608,467.81 (an amount representing 58.00000000 bitcoins).
[3] Net increase (decrease) in net assets per Share based on average shares outstanding during the period.
[4] The amount shown for a share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s shares in relation to fluctuating market values for the Fund’s underlying investment.