Investment in Bitcoin

6 Months Ended

Sep. 30, 2024

INVESTMENT IN BITCOIN

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*:


	Quantity 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, 2024 to September 30, 2024*:


	Quantity 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

*	No comparative period presented as the Fund’s operations commenced on January 11, 2024.

Franklin Bitcoin ETF [Member]

Investment in Bitcoin

INVESTMENT IN BITCOIN

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*:


	Quantity 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, 2024 to September 30, 2024*:


	Quantity 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

*	No comparative period presented as the Fund’s operations commenced on January 11, 2024.