Franklin Templeton Digital Holdings Trust Reports Annual Performance for Fiscal Year Ended March 31, 2025

**Franklin Templeton Digital Holdings Trust Reports Fiscal Year Performance**

Franklin Templeton Digital Holdings Trust, a Delaware statutory trust offering the Franklin Bitcoin ETF (EZBC), has filed its annual report on Form 10-K, detailing its financial performance and operational activities. The filing confirms that the Trust is not registered as an investment company under the Investment Company Act of 1940 and is classified as a non-accelerated filer, smaller reporting company, and emerging growth company. As of June 3, 2025, the Trust had 8,700,000 outstanding shares, with an aggregate market value of $451.0 million based on the September 30, 2024, share price.

For the fiscal year ended March 31, 2025, the Franklin Bitcoin ETF reported a net increase in net assets resulting from operations of $109.2 million. This figure includes a net realized and unrealized gain on investment in bitcoin of $109.9 million, offset by the Sponsor's fee less waiver of $720,559. The fund's net asset value (NAV) per share increased from $40.95 at the beginning of the year to $48.05 at year-end, reflecting a 17.34% increase. This increase is primarily attributed to a 17.51% rise in the price of bitcoin during the same period. The fund's total assets amounted to $411.2 million, with liabilities totaling $301,331, resulting in net assets of $410.9 million.

Key operational developments included the issuance of 7,850,000 shares in exchange for 4,552.2 bitcoins and the redemption of 7,650,000 shares in exchange for 4,433.6 bitcoins. The fund's primary holding is bitcoin, with 4,956.3 bitcoins held by the custodian, Coinbase Custody Trust Company, LLC, valued at $411.2 million. The fund operates with a passive investment strategy, aiming to reflect the performance of bitcoin before expenses. The Sponsor, Franklin Holdings, LLC, manages the fund and has assumed responsibility for most of the fund's ordinary fees and expenses, including administration, marketing, custody, and trustee fees.

Looking ahead, the Trust acknowledges the inherent risks associated with investing in digital assets, including market volatility, regulatory uncertainty, and security threats. The filing includes forward-looking statements regarding future events and performance, which are subject to various risks and uncertainties. The Trust emphasizes that actual results may differ materially from these predictions due to factors such as changes in commodity prices, market conditions, and regulatory developments. The Trust is committed to providing investors with a cost-effective means of obtaining investment exposure similar to an investment in bitcoin through the securities markets.