EZBC on CBOE

Franklin Templeton Digital Holdings Trust

American commodity contracts brokers and dealers company based in San Mateo2

In its 2026 annual report the company says: “The Trust currently offers a single series, the Franklin Bitcoin ETF.”5 Its shares trade on CBOE under the symbol EZBC.2

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Last updated Oct 20, 2026.

Overview

-$118.5MNet income, fiscal 20263

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  • TickerEZBC on CBOE2
  • IndustryCommodity Contracts Brokers & Dealers2
  • HeadquartersSan Mateo, United States2
  • Incorporated inDE4
  • Business addressOne Franklin Parkway, San Mateo, Ca 944034
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company4
  • Legal formFUND2
  • Kind of organizationFund2
  • LEI254900DNGN7XUITNXA252
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CSC DELAWARE TRUST COMPANY, 19808 Wilmington, United States2
  • Registered withSecurities and Exchange Commission, 00019928702

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The Franklin Templeton Digital Holdings Trust (the “Trust”) was formed as a Delaware statutory trust on September 6, 2023, and is governed by the provisions of an Agreement and Declaration of Trust dated as of January 5, 2024. The Trust currently offers a single series, the Franklin Bitcoin ETF (the “Fund”). The Fund issues common units of beneficial interest (“Shares”), which represent units of fractional undivided beneficial interest in and ownership of the Fund. The Shares are listed on the Cboe BZX Exchange, Inc. (“Cboe BZX Exchange” or the “Exchange”) under the symbol “EZBC.” Shares are not obligations of, and are not guaranteed by, the Sponsor or any of its subsidiaries or affiliates.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

-31.4%Return on equity3

Financial statements

Net income3-$118.5M in 2026
-$200.0M-$100.0M0$100.0M$200.0M2025: $109.2M$109.2M20252026: -$118.5M-$118.5M2026

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2026-03-312025-03-31
Sponsor's fee$1.0M$965.7K
Less waiver$0-$245.1K
Total expenses$1.0M$720.6K
Net investment loss-$1.0M-$720.6K
Net realized gain (loss) from bitcoin sold for the redemption of Shares and sold to pay expenses$23.6M$74.0M
Net change in unrealized appreciation (depreciation) on investment in bitcoin-$141.1M$35.9M
Net realized and change in unrealized gain (loss) on investment in bitcoin-$117.5M$109.9M
Net increase (decrease) in net assets resulting from operations-$118.5M$109.2M
Net increase (decrease) in net Assets per Share (in Dollars per share)-$12.28$9.58

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Corporate structure

Franklin Templeton Digital Holdings Trust sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Franklin Templeton Digital Holdings Trust San Mateo, California, United States
    • Franklin Bitcoin ETF Fund · Los Angeles, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

Subsidiaries and ownership

Fund manager

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. May 8, 20268-K Executive or director change10
  2. Jan 12, 20248-K Entered a material agreement11
  3. Sep 6, 2023Founded Franklin Templeton Digital Holdings Trust is founded2

Filings

88 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 2 major events, 75 other. The latest 20:

  1. Aug 14, 202610-Q EDGAR
  2. Jun 29, 2026424I EDGAR
  3. Jun 29, 202610-K EDGAR
  4. May 8, 20268-K EDGAR
  5. Feb 23, 2026EFFECT EDGAR
  6. Feb 23, 2026424B3 EDGAR
  7. Feb 17, 202610-Q EDGAR
  8. Feb 13, 2026POS AM EDGAR
  9. Dec 17, 2025FWP EDGAR
  10. Nov 13, 202510-Q EDGAR
  11. Oct 29, 2025FWP EDGAR
  12. Aug 18, 2025FWP EDGAR
  13. Aug 14, 202510-Q EDGAR
  14. Jun 30, 202510-K EDGAR
  15. Jun 26, 2025424I EDGAR
  16. Jun 24, 2025FWP EDGAR
  17. Jun 4, 2025FWP EDGAR
  18. Mar 20, 2025FWP EDGAR
  19. Mar 12, 2025FWP EDGAR
  20. Mar 6, 2025FWP EDGAR

The 88 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 72. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
LPL Financial LLC617,990$21.0M0.0%+31,297
Susquehanna International Group, Llp223,479$7.6M0.0%−926,048
Jane Street Group, LLC181,098$6.1M0.0%+108,682
Cetera Investment Advisers165,492$5.6M0.0%+8,189
Mercer Global Advisors Inc /adv108,597$3.7M0.0%−19,776
Meitav Investment House Ltd107,964$3.7M0.0%+26,359
Sanctuary Advisors, LLC85,268$2.9M0.0%+4,954
Vance Wealth, LLC76,270$2.6M0.6%+2,635
Franklin Resources Inc55,029$1.9M0.0%No change
Tuttle Capital Management, LLC40,102$1.4M0.9%New
RPTC Inc.34,465$1.2M0.2%No change
Sierra Capital LLC33,473$1.1M0.1%No change
Retirement Guys Formula LLC29,824$1.0M0.4%+1,301
O'shaughnessy Asset Management, LLC27,997$949.4K0.0%+2,096
Global Retirement Partners, LLC25,643$869.6K0.0%New
Rede Wealth, LLC24,100$817.2K0.3%−3,787
Eagle Global Advisors LLC19,200$651.1K0.0%No change
Elevate Capital Advisors, LLC15,335$520.0K0.3%−8,541
Envestnet Asset Management Inc14,537$492.9K0.0%+500
Ashton Thomas Private Wealth, LLC14,030$475.8K0.0%−1,244
Foster Victor Wealth Advisors, LLC12,432$463.6K0.0%No change
FF Advisors,LLC12,500$423.9K0.2%No change
Commonwealth Equity Services, LLC11,681$396.1K0.0%+2,329
HighTower Advisors, LLC11,583$392.8K0.0%+104
Oak Barrel Wealth Advisory LLC11,441$388.0K0.2%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Franklin Templeton Digital Holdings Trust is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFranklin Templeton Digital Holdings Trust1
  • CIK0001992870
  • Employer ID (EIN)93-68557855
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsMarch 311
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business addressOne Franklin Parkway, San Mateo, CA 944031
  • Phone(650) 312-20001
  • Shares outstanding9,750,000 as of Aug 3, 20268
  • Public float$662.1M as of Sep 30, 20255
  • AuditorPricewaterhouseCoopers LLP, San Francisco, California PCAOB ID 238; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceSep 12, 20231
  • Filings88 in all: FWP (47), 10-Q (8), CORRESP (5), 424B3 (4), S-1/A (4), UPLOAD (4), 10-K (3), 424I (3)1
    All 14 form types

    CERT (3), 8-K (2), EFFECT (2), 8-A12B (1), POS AM (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Jun 29, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Latest 8-K (8-K) May 8, 2026

Securities registered for trading

ClassSymbolExchange
Shares of Franklin Bitcoin ETFEZBCCboe BZX Exchange, Inc.

From the cover page of the 10-K filed Jun 29, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Franklin Templeton Digital Holdings Trust names in Item 1A of its 10-K filed Jun 29, 2026: 80 risks under these headings, as written.5

  • The trading prices of many digital assets, including bitcoin, have experienced extreme volatility in recent periods and may continue to do so. Extreme volatility in the future, including further declines in the trading prices of bitcoin, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.
  • The value of the Shares is subject to a number of factors relating to the fundamental investment characteristics of bitcoin as a digital asset, including the fact that digital assets are bearer instruments and loss, theft, destruction, or compromise of the associated private keys could result in permanent loss of the asset, and the capabilities and development of blockchain technologies such as the Bitcoin blockchain.
  • Digital assets represent a new and rapidly evolving industry, and the value of the Shares depends on the acceptance of bitcoin.
  • Changes in the governance of a digital asset network may not receive sufficient support from users and miners, which may negatively affect that digital asset network’s ability to grow and respond to challenges.
  • Potential amendments to the Bitcoin network’s protocols and software could, if accepted and authorized by the Bitcoin network community, adversely affect an investment in the Fund.
  • The open-source structure of the Bitcoin network protocol means that the core developers and other contributors are generally not directly compensated for their contributions in maintaining and developing the Bitcoin network protocol. A failure to properly monitor and upgrade the Bitcoin network protocol could damage the Bitcoin network and negatively affect the value of an investment in the Fund.
  • Digital asset networks face significant scaling challenges and efforts to increase the volume and speed of transactions may not be successful.
  • Digital assets may have concentrated ownership and large sales or distributions by holders of such digital assets could have an adverse effect on the market price of such digital assets.
  • If the digital asset award for mining blocks and transaction fees for recording transactions on the Bitcoin network are not sufficiently high to incentivize miners, or if certain jurisdictions continue to limit mining activities, miners may cease expanding processing power or demand high transaction fees, which could negatively impact the value of bitcoin and the value of the Shares.
  • If a malicious actor or botnet obtains control of more than 50% of the processing power on the Bitcoin network, or otherwise obtains control over the Bitcoin network through its influence over core developers or otherwise, such actor or botnet could manipulate the Bitcoin blockchain to adversely affect the value of the Shares or the ability of the Fund to operate.
  • A temporary or permanent “fork” could adversely affect the value of the Shares.
  • Shareholders will not receive the benefits of any Incidental Rights and any IR Virtual Currency, including any forked or airdropped assets.
The other 68 risks
  • In the event of a hard fork of the Bitcoin network, the Sponsor will, if permitted by the terms of the Declaration of Trust, use its discretion to determine which network should be considered the appropriate network for the Fund’s purposes, and in doing so may adversely affect the value of the Shares.
  • A hard fork could change the source code to the Bitcoin network, including the 21 million bitcoin supply cap.
  • Any name change and any associated rebranding initiative by the core developers, users or miners of bitcoin or the Bitcoin network may not be favorably received by the digital asset community, which could negatively impact the value of bitcoin and the value of the Shares.
  • Disruptions or other problems in the supply chain for bitcoin mining hardware and difficulties in obtaining new hardware could cause harm to the Bitcoin network.
  • The value of the Shares relates directly to the value of bitcoins, which has been in the past, and may continue to be, highly volatile and subject to fluctuations due to a number of factors.
  • Because the Fund holds only bitcoin, an investment in the Fund may be more volatile than an investment in a more broadly diversified portfolio.
  • Due to the relative unregulated nature and lack of transparency surrounding the operations of digital asset platforms, which may experience fraud, manipulation, security failures or operational problems, as well as the wider bitcoin market, the value of bitcoin and, consequently, the value of the Shares may be adversely affected, causing losses to Shareholders.
  • Risk of loss of market confidence due to lack of established regulatory framework.
  • Risk of manipulative activity (e.g., wash trading, front running or other fraudulent practices).
  • Risks related to platform bankruptcy, failure or closure, including as a result of criminal fraud, cyber attacks or other security breaches.
  • Reputational harm and related industry contagion effects may exacerbate negative events in the digital asset markets or digital platforms.
  • The Index has a limited performance history; the Index price could fail to track the global bitcoin price, a failure of the Index price could adversely affect the value of the Shares, and the Index’s methodology may be subject to change.
  • The Index price used to calculate the value of the Fund’s bitcoin may be volatile, adversely affecting the value of the Shares.
  • The Index Administrator could experience system failures or errors.
  • The Index price being used to determine the net asset value of the Fund may not be consistent with GAAP. To the extent that the Fund’s financial statements are determined using a different pricing source that is consistent with GAAP, the net asset value reported in the Fund’s periodic financial statements may differ, in some cases significantly, from the Fund’s net asset value determined using the Index pricing.
  • Competition from central bank digital currencies (“CBDCs”) and emerging payments initiatives involving financial institutions could adversely affect the value of bitcoins and other digital assets.
  • Prices of bitcoin may be affected due to stablecoins (including Tether and US Dollar Coin (“USDC”)), the activities of stablecoin issuers and their regulatory treatment.
  • Competition from the emergence or growth of other digital assets or methods of investing in Bitcoin could have a negative impact on the price of Bitcoin and adversely affect the value of the Shares.
  • Competitive pressures may negatively affect the ability of the Fund to maintain substantial assets and achieve long-term commercial success.
  • Digital asset treasury companies may exacerbate volatility in digital asset markets.
  • Operational cost may exceed the award for mining transaction, and increased transaction fees may adversely affect the usage of the Bitcoin network.
  • The SEC has approved generic listing standards for commodity-based trust shares and may approve other applications under Rule 19b-4 of the Exchange Act to list competing digital asset backet investment vehicles as exchange-traded products, which could reduce demand for, and the price of, bitcoin and adversely impact the value of the Shares.
  • The Fund may be negatively impacted by the effects of the spread of illnesses or other public health emergencies on the global economy and the markets and service providers relevant to the performance of the Fund.
  • The Fund will rely on the information and technology systems of the Custodians, Administrator, Trustee, Sponsor, Authorized Participants and/or their designees, Bitcoin Trading Counterparties, listing exchange, and the Fund’s other service providers and counterparties (referred to herein as the “Service Providers”), each of which could be directly or indirectly adversely affected by information systems interruptions, cybersecurity incidents or other disruptions, which in turn could have a material adverse effect on the Fund.
  • The amount of the Fund’s assets represented by each Share will decline over time as the Fund pays the Sponsor’s fee and additional expenses borne by the Fund, and as a result, the value of the Shares may decrease over time.
  • The Fund is a passive investment vehicle. The Fund is not actively managed, does not seek to generate excess returns beyond tracking the price of bitcoin and will be adversely affected by a general decline in the price of bitcoin.
  • The value of the Shares may be influenced by a variety of factors unrelated to the value of bitcoin.
  • The liquidity of the Shares may also be affected by the withdrawal from participation of Authorized Participants or Bitcoin Trading Counterparties.
  • The Fund and the Shares may be negatively affected by Authorized Participant Concentration.
  • Certain Shareholders may from time to time own a substantial amount of the Fund’s Shares.
  • The Trust is an “emerging growth company” and it cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make the Shares less attractive to investors.
  • The Fund is subject to certain risks due to its concentration in only bitcoin.
  • The lack of an active trading market for the Shares may result in losses on your investment at the time of disposition of your Shares.
  • If the process of creation and redemption of Creation Units encounters any unanticipated difficulties, the possibility for arbitrage transactions by Authorized Participants intended to keep the price of the Shares closely linked to the price of bitcoin may not exist and, as a result, the price of the Shares may fall or otherwise diverge from NAV.
  • To the extent applicable, the Fund’s use of cash creations and redemptions may adversely affect the arbitrage transactions by Authorized Participants intended to keep the price of the Shares closely linked to the price of bitcoin and, as a result, the price of the Shares may fall or otherwise diverge from NAV.
  • As an owner of Shares, you will not have the rights normally associated with ownership of other types of Shares.
  • The Sponsor may amend the Declaration of Trust without the consent of the Shareholders.
  • Shareholders do not have the protections associated with ownership of Shares in an investment company registered under the Investment Company Act or the protections afforded by the CEA.
  • As the Sponsor and its management have limited history of operating investment vehicles like the Fund, their experience may be inadequate or unsuitable to manage the affairs of the Fund.
  • Security threats to the Fund’s account at the Bitcoin Custodian could result in the halting of Fund operations and a loss of Fund assets or damage to the reputation of the Fund, each of which could result in a reduction in the value of the Shares.
  • Bitcoin transactions are irrevocable and stolen or incorrectly transferred bitcoins may be irretrievable. As a result, any incorrectly executed bitcoin transactions could adversely affect the value of the Shares.
  • If the Custodian Agreement, Prime Broker Agreement, Authorized Participant Agreement or Bitcoin Trading Counterparty Agreement is terminated or the Bitcoin Custodian, Prime Broker, Authorized Participant, or Bitcoin Trading Counterparty fails to provide services as required, the Sponsor may need to find and appoint a replacement custodian, prime broker, authorized participant or trading counterparty, which could pose a challenge to the safekeeping of the Fund’s bitcoins, and the Fund’s ability to continue to operate may be adversely affected.
  • The lack of full insurance and Shareholders’ limited rights of legal recourse against the Fund, Trustee, Sponsor, Administrator, Cash Custodian, Prime Broker and Bitcoin Custodian expose the Fund and its Shareholders to the risk of loss of the Fund’s bitcoins for which no person or entity is liable.
  • If the Trade Credits are not available or become exhausted, the Fund may face delays in buying or selling bitcoin that may adversely impact Shareholders; if the Fund does not repay the Trade Credits on time, its assets may be liquidated by the Trade Credit Lender and its affiliates.
  • Loss of a critical banking relationship for, or the failure of a bank used by, the Prime Broker could adversely impact the Fund’s ability to create or redeem Creation Units, or could cause losses to the Fund.
  • The Prime Broker routes orders through Connected Trading Venues in connection with trading services under the Prime Broker Agreement. The loss or failure of any such Connected Trading Venues may adversely affect the Prime Broker’s business and cause losses for the Fund.
  • The Fund may be terminated and liquidated at a time that is disadvantageous to Shareholders.
  • The Declaration of Trust includes provisions that limit Shareholders’ voting rights and the ability to participate in shareholder derivative actions.
  • The non-exclusive jurisdiction for certain types of actions and proceedings and waiver of trial by jury clauses set forth in the Declaration of Trust may have the effect of limiting a Shareholder’s rights to bring legal action against the Trust and could limit a purchaser’s ability to obtain a favorable judicial forum for disputes with the Trust.
  • The Sponsor is solely responsible for determining the net asset value of the Fund, and any errors, discontinuance or changes in such valuation calculations may have an adverse effect on the value of the Shares.
  • Extraordinary expenses resulting from unanticipated events may become payable by the Fund, adversely affecting the value of the Shares.
  • The Fund’s delivery or sale of bitcoin to pay expenses or otherwise in connection with operations of the Fund could result in Shareholders incurring tax liability without an associated distribution from the Fund.
  • The value of the Shares will be adversely affected if the Fund is required to indemnify the Sponsor, the Trustee, the Administrator, the Bitcoin Custodian or the Cash Custodian pursuant to its contractual arrangements.
  • Digital asset markets in the U.S. exist in a state of regulatory uncertainty, and adverse legislative or regulatory developments could significantly harm the value of bitcoin or the Shares, such as by banning, restricting or imposing onerous conditions or prohibitions on the use of bitcoins, mining activity, digital wallets, the provision of services related to trading and custodying bitcoin, the operation of the Bitcoin network, or the digital asset markets generally.
  • A determination that bitcoin or any other digital asset is a “security” may adversely affect the value of Bitcoin and the value of the Shares, and result in potentially extraordinary, nonrecurring expenses to, or termination of, the Fund.
  • Competing industries may have more influence with policymakers than the digital asset industry, which could lead to the adoption of laws and regulations that are harmful to the digital asset industry.
  • Regulatory changes or actions in foreign jurisdictions may affect the value of the Shares or restrict the use of one or more digital assets, mining activity or the operation of their networks or the digital asset platform market in a manner that adversely affects the value of the Shares.
  • If regulators or public utilities take actions that restrict or otherwise impact mining activities, there may be a significant decline in such activities, which could adversely affect the Bitcoin network and the value of the Shares.
  • If regulators subject the Fund or the Sponsor to regulation as a money services business (“MSB”) or money transmitter, this could result in extraordinary expenses to the Fund or the Sponsor and also result in decreased liquidity for the Shares.
  • Anonymity and illicit financing risk.
  • Regulatory changes or interpretations could obligate an Authorized Participant, the Fund, the Trust, the Sponsor or other Fund service providers to register and comply with new regulations, resulting in potentially extraordinary, nonrecurring expenses to the Fund.
  • The treatment of the Fund for U.S. federal income tax purposes is uncertain.
  • The treatment of digital currency for U.S. federal income tax purposes is uncertain.
  • Future developments regarding the treatment of digital currency for U.S. federal income tax purposes could adversely affect the value of the Shares.
  • Future developments in the treatment of digital currency for tax purposes other than U.S. federal income tax purposes could adversely affect the value of the Shares.
  • A U.S. Tax-Exempt Shareholder may recognize “unrelated business taxable income” as a consequence of an investment in Shares.
  • Shareholders could incur a tax liability without an associated distribution of the Fund.
  • A hard “fork” of the Bitcoin blockchain could result in Shareholders incurring a tax liability.

Legal proceedings

Legal Proceedings

From time to time, the Trust and/or the Fund may be a party to certain legal proceedings in the ordinary course of business. As of June 29, 2026, the Trust and the Fund are not subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against the Trust or Fund.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

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