INVESTMENT IN BITCOIN (Tables)

6 Months Ended

Sep. 30, 2025

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


	Amount in bitcoin			Amount in US$
Balance at July 1, 2025	5,155.3659		$	559,666,521
Bitcoin purchased for the creation of Shares	810.3845			92,885,565
Bitcoin sold for the redemption of Shares	(173.6506	)		(19,374,669	)
Principal on bitcoin sales to pay expenses	(2.1359	)		(237,340	)
Net realized gain (loss) from bitcoin sold for the redemption of shares and sold to pay expenses	–			7,290,973
Net change in unrealized appreciation (depreciation) on investment in bitcoin	–			21,116,054
Balance at September 30, 2025	5,789.9639		$	661,347,104

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


	Amount in bitcoin			Amount in US$
Balance at July 1, 2024	5,886.9982		$	373,054,955
Bitcoin purchased for the creation of Shares	1,768.8331			107,983,297
Bitcoin sold for the redemption of Shares	(550.9655	)		(31,419,621	)
Principal on bitcoin sales to pay expenses	(1.0170	)		(57,689	)
Net realized gain (loss) from bitcoin sold for the redemption of shares	–			(1,325,741	)
Net change in unrealized appreciation (depreciation) on investment in bitcoin	–			4,121,057
Balance at September 30, 2024	7,103.8488		$	452,356,258

The following represents the changes in quantity of bitcoin held and the respective fair value during the six months April 1, 2025 to September 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	1,418.5352			148,387,208
Bitcoin sold for the redemption of Shares	(579.0817	)		(54,605,249	)
Principal on bitcoin sales to pay expenses	(5.8360	)		(538,674	)
Net realized gain (loss) from bitcoin sold for the redemption of shares	–			16,310,184
Net change in unrealized appreciation (depreciation) on investment in bitcoin	–			140,634,961
Balance at September 30, 2025	5,789.9639		$	661,347,104

The following represents the changes in quantity of bitcoin held and the respective fair value during the six months April 1, 2024 to September 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	3,392.8311			209,726,374
Bitcoin sold for the redemption of Shares	(1,130.9639	)		(65,718,591	)
Principal on bitcoin sales to pay expenses	(1.0170	)		(57,689	)
Net realized gain (loss) from bitcoin sold for the redemption of shares	–			(1,156,994	)
Net change in unrealized appreciation (depreciation) on investment in bitcoin	–			(32,337,968	)
Balance at September 30, 2024	7,103.8488		$	452,356,258

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 July 1, 2025 to September 30, 2025:


	Amount in bitcoin			Amount in US$
Balance at July 1, 2025	5,155.3659		$	559,666,521
Bitcoin purchased for the creation of Shares	810.3845			92,885,565
Bitcoin sold for the redemption of Shares	(173.6506	)		(19,374,669	)
Principal on bitcoin sales to pay expenses	(2.1359	)		(237,340	)
Net realized gain (loss) from bitcoin sold for the redemption of shares and sold to pay expenses	–			7,290,973
Net change in unrealized appreciation (depreciation) on investment in bitcoin	–			21,116,054
Balance at September 30, 2025	5,789.9639		$	661,347,104

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


	Amount in bitcoin			Amount in US$
Balance at July 1, 2024	5,886.9982		$	373,054,955
Bitcoin purchased for the creation of Shares	1,768.8331			107,983,297
Bitcoin sold for the redemption of Shares	(550.9655	)		(31,419,621	)
Principal on bitcoin sales to pay expenses	(1.0170	)		(57,689	)
Net realized gain (loss) from bitcoin sold for the redemption of shares	–			(1,325,741	)
Net change in unrealized appreciation (depreciation) on investment in bitcoin	–			4,121,057
Balance at September 30, 2024	7,103.8488		$	452,356,258

The following represents the changes in quantity of bitcoin held and the respective fair value during the six months April 1, 2025 to September 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	1,418.5352			148,387,208
Bitcoin sold for the redemption of Shares	(579.0817	)		(54,605,249	)
Principal on bitcoin sales to pay expenses	(5.8360	)		(538,674	)
Net realized gain (loss) from bitcoin sold for the redemption of shares	–			16,310,184
Net change in unrealized appreciation (depreciation) on investment in bitcoin	–			140,634,961
Balance at September 30, 2025	5,789.9639		$	661,347,104

The following represents the changes in quantity of bitcoin held and the respective fair value during the six months April 1, 2024 to September 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	3,392.8311			209,726,374
Bitcoin sold for the redemption of Shares	(1,130.9639	)		(65,718,591	)
Principal on bitcoin sales to pay expenses	(1.0170	)		(57,689	)
Net realized gain (loss) from bitcoin sold for the redemption of shares	–			(1,156,994	)
Net change in unrealized appreciation (depreciation) on investment in bitcoin	–			(32,337,968	)
Balance at September 30, 2024	7,103.8488		$	452,356,258