Franklin Crypto Trust has reported its financial results for the quarter ending March 31, 2026, revealing a net asset value (NAV) per share of $17.30, down from $22.70 at the end of the previous quarter. This represents a decrease of 23.79%. The total net assets of the Trust increased to approximately $10.38 million, up from $10.22 million at the end of December 2025, primarily due to capital share transactions amounting to $2.63 million, which offset a net decrease in assets from operations of approximately $2.46 million.
The Trust's financial performance reflects significant challenges in the digital asset market, with a net realized and unrealized loss on investments in digital assets totaling approximately $2.46 million for the quarter. This includes a net realized loss of $23,634 from digital assets sold to pay expenses and for rebalancing, alongside a net change in unrealized depreciation of approximately $2.44 million. The decline in the underlying index, which fell from 11,716.12 to 8,574.16, a drop of 26.82%, has directly impacted the Trust's performance.
Operationally, the Trust issued 150,000 shares during the quarter, bringing the total shares outstanding to 600,000. The Trust's investments in digital assets included 116.5159 bitcoin valued at $7.94 million, 623.6507 ether valued at $1.31 million, and various other digital assets including XRP, Solana, Dogecoin, Cardano, and Stellar Lumens. The total cost of these digital assets was reported at $14.02 million, indicating a significant unrealized loss due to market fluctuations.
Looking ahead, the Trust's management has indicated that it will continue to monitor market conditions closely and adjust its investment strategy as necessary. The Sponsor's fee, which is set at an annualized rate of 0.19% of the NAV, will remain a key factor in the Trust's operational expenses. The Trust's ability to navigate the volatile digital asset market will be critical to its future performance, as it seeks to align its investment results with the performance of the CF Institutional Digital Asset Index.
About Franklin Crypto Trust
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