INVESTMENT IN BITCOIN (Tables)

3 Months Ended

Jun. 30, 2025

INVESTMENT IN BITCOIN [Abstract]

Changes in Quantity of Bitcoin Held

The following represents the changes in quantity of bitcoin held and the respective fair value during the quarter April 1, 2025 to June 30, 2025:

	Amount in bitcoin			Amount in US$
Balance at April 1, 2025	4,956.3464		$	411,158,674
Bitcoin purchased for the creation of Shares	608.1510			55,501,643
Bitcoin sold for the redemption of Shares	(405.4311	)		(35,230,580	)
Principal on bitcoin sales to pay expenses	(3.7004	)		(301,334	)
Net realized gain (loss) from bitcoin sold for the redemption of shares and sold to pay expenses	–			9,019,211
Net change in unrealized appreciation (depreciation) on investment in bitcoin	–			119,518,907
Balance at June 30, 2025	5,155.3659		$	559,666,521

The following represents the changes in quantity of bitcoin held and the respective fair value during the quarter April 1, 2024 to June 30, 2024:

	Amount in bitcoin			Amount in US$
Balance at April 1, 2024	4,842.9986		$	341,901,126
Bitcoin purchased for the creation of Shares	1,623.9995			101,742,929
Bitcoin sold for the redemption of Shares	(579.9999	)		(34,298,822	)
Principal on bitcoin sales to pay expenses	–			–
Net realized gain (loss) from bitcoin sold for the redemption of shares	–			168,747
Net change in unrealized appreciation (depreciation) on investment in bitcoin	–			(36,459,025	)
Balance at June 30, 2024	5,886.9982		$	373,054,955

Franklin Bitcoin ETF [Member]

INVESTMENT IN BITCOIN [Abstract]

Changes in Quantity of Bitcoin Held

The following represents the changes in quantity of bitcoin held and the respective fair value during the quarter April 1, 2025 to June 30, 2025:

	Amount in bitcoin			Amount in US$
Balance at April 1, 2025	4,956.3464		$	411,158,674
Bitcoin purchased for the creation of Shares	608.1510			55,501,643
Bitcoin sold for the redemption of Shares	(405.4311	)		(35,230,580	)
Principal on bitcoin sales to pay expenses	(3.7004	)		(301,334	)
Net realized gain (loss) from bitcoin sold for the redemption of shares and sold to pay expenses	–			9,019,211
Net change in unrealized appreciation (depreciation) on investment in bitcoin	–			119,518,907
Balance at June 30, 2025	5,155.3659		$	559,666,521

The following represents the changes in quantity of bitcoin held and the respective fair value during the quarter April 1, 2024 to June 30, 2024:

	Amount in bitcoin			Amount in US$
Balance at April 1, 2024	4,842.9986		$	341,901,126
Bitcoin purchased for the creation of Shares	1,623.9995			101,742,929
Bitcoin sold for the redemption of Shares	(579.9999	)		(34,298,822	)
Principal on bitcoin sales to pay expenses	–			–
Net realized gain (loss) from bitcoin sold for the redemption of shares	–			168,747
Net change in unrealized appreciation (depreciation) on investment in bitcoin	–			(36,459,025	)
Balance at June 30, 2024	5,886.9982		$	373,054,955