<span item_type="fundamental" item_id="4413b05096d2b2280bd0816f0e29ac21" counter_id="ETF/US/EZBC" env="prod"></span><span item_type="announcement" item_id="582415594487680513" env="prod"></span><p>Revenue: As of FY2023 Q2, the actual value is USD 28.41 M.</p><p>EBIT: As of FY2023 Q2, the actual value is USD 28.11 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Bitcoin Investment</strong>: The Fund held 5,789.9639 bitcoins valued at $661,347,104 as of September 30, 2025, compared to 4,956.3464 bitcoins valued at $411,158,674 as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1992870/000114036125041932/ef20054991_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Investment Loss</strong>: For the three months ended September 30, 2025, the net investment loss was - $296,673, compared to - $123,285 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1992870/000114036125041932/ef20054991_10q.htm"></span></li><li><strong>Net Realized and Unrealized Gain (Loss) on Investment in Bitcoin</strong>: For the three months ended September 30, 2025, the net realized and unrealized gain on investment in bitcoin was $28,407,027, compared to $2,795,316 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1992870/000114036125041932/ef20054991_10q.htm"></span></li><li><strong>Net Increase (Decrease) in Net Assets Resulting from Operations</strong>: For the three months ended September 30, 2025, the net increase in net assets resulting from operations was $28,110,354, compared to $2,672,031 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1992870/000114036125041932/ef20054991_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Provided by (Used in) Operating Activities</strong>: For the six months ended September 30, 2025, net cash used in operating activities was - $93,781,959, compared to - $144,007,783 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1992870/000114036125041932/ef20054991_10q.htm"></span></li><li><strong>Net Cash Provided by (Used in) Financing Activities</strong>: For the six months ended September 30, 2025, net cash provided by financing activities was $93,781,959, compared to $144,007,783 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1992870/000114036125041932/ef20054991_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Bitcoin Purchases and Sales</strong>: For the six months ended September 30, 2025, the Fund purchased 1,418.5352 bitcoins for $148,387,208 and sold 579.0817 bitcoins for $54,605,249.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1992870/000114036125041932/ef20054991_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The Fund aims to reflect the performance of the price of bitcoin before payment of the Fund’s expenses and liabilities. The Fund is a passive investment vehicle and is not a leveraged product. The Sponsor does not actively manage the bitcoin held by the Fund.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1992870/000114036125041932/ef20054991_10q.htm"></span></li><li><strong>Non-Core Business</strong>: The Fund does not engage in any non-core business activities as it is solely focused on bitcoin investment.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1992870/000114036125041932/ef20054991_10q.htm"></span></li></ul>

Franklin Bitcoin ETF | 10-Q: FY2023 Q2 Revenue: USD 28.41 M