Franklin Templeton Digital Holdings Trust (EZBC) risk factors

Item 1A of every Franklin Templeton Digital Holdings Trust 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2026 10-K risk factors
86 risks10 new7 dropped26 reworded
New risks emphasize bitcoin-specific market structure, including treasury companies, mining economics, transaction fees, and concentration in one asset.
Filed Jun 29, 2026
FY2025 10-K risk factors
83 risks
The fund holds only bitcoin and faces intense competition and regulatory uncertainty. Extreme volatility in bitcoin prices directly impacts share value. The fund is passive and bears expenses by selling bitcoin.
Filed Jun 30, 2025