Franklin Crypto Trust Files S-1/A for New ETF

TL;DR

Franklin Crypto Trust filed an S-1/A for a new crypto index ETF. Get ready for more regulated crypto exposure.

AI Summary

Franklin Crypto Trust, sponsored by Franklin Holdings, LLC, filed an S-1/A amendment on December 11, 2024, for its Franklin Crypto Index ETF. The ETF is registered under the Securities Act of 1933 and aims to track a crypto index. The filing details its incorporation in Delaware and provides contact information for its principal executive offices in San Mateo, California.

Why It Matters

This filing indicates Franklin Templeton's continued expansion into the digital asset space, potentially offering investors a new regulated vehicle to gain exposure to cryptocurrencies.

Risk Assessment

Risk Level: medium — The inherent volatility and regulatory uncertainty surrounding cryptocurrency assets present significant risks for this ETF.

Key Numbers

• 333-281615 — SEC File Number (Identifies this specific registration filing with the SEC.)
• 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)

Key Players & Entities

• Franklin Crypto Trust (company) — Registrant
• Franklin Holdings, LLC (company) — Sponsor
• Franklin Crypto Index ETF (company) — ETF Name
• December 11, 2024 (date) — Filing Date
• Delaware (location) — State of Incorporation
• San Mateo, CA (location) — Principal Executive Offices
• Navid J. Tofigh (person) — Contact Person
• Miranda Sturgis, Esquire (person) — Legal Counsel
• Stradley Ronon Stevens & Young, LLP (company) — Legal Firm

FAQ

Filing Documents

• fcts1amend122024.htm (S-1/A) — 1331KB
• image00001.jpg (GRAPHIC) — 375KB
• image1.jpg (GRAPHIC) — 237KB
• filename5.htm (COVER) — 6KB
• 0001137439-24-001560.txt ( ) — 2181KB

USE OF PROCEEDS

USE OF PROCEEDS 93 OVERVIEW OF THE ETHEREUM INDUSTRY 93 OVERVIEW OF THE BITCOIN INDUSTRY 104 OVERVIEW OF THE DIGITAL ASSET INDUSTRY 108 BUSINESS OF THE FUND 112 DESCRIPTION OF THE SHARES AND THE TRUST 129 CREATIONS AND REDEMPTIONS 132 THE TRUSTEE 140 141 FISCAL YEAR 141 THE SECURITIES DEPOSITORY; BOOK-ENTRY-ONLY SYSTEM; GLOBAL SECURITY 141 DESCRIPTION OF KEY SERVICE PROVIDERS 142 THE SPONSOR 142 THE TRUSTEE 145 THE ADMINISTRATOR 146 THE CUSTODIANS 147 THE PRIME BROKER AND THE TRADE CREDIT LENDER 149 TRADING COUNTERPARTIES 156 THE INDEX PROVIDER 157 THE MARKETING AGENT 157 U.S. FEDERAL INCOME TAX CONSEQUENCES 157 ERISA AND RELATED CONSIDERATIONS 168 SEED CAPITAL INVESTOR 169 PLAN OF DISTRIBUTION 169 CONFLICTS OF INTEREST 170 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION 172 LEGAL MATTERS 172 EXPERTS 172 WHERE YOU CAN FIND MORE INFORMATION 173 v GLOSSARY 173 Report of Independent Registered Public Accounting Firm 183 vi This prospectus contains information you should consider when making an investment decision about the Shares. You may rely on the information contained in this prospectus. Neither the Trust, on behalf of the Fund, nor the Sponsor has authorized any person to provide you with different information and, if anyone provides you with different or inconsistent information, you should not rely on it. You should assume that the information appearing in this prospectus is accurate only as of the date on the front cover of this prospectus. This prospectus is not an offer to sell the Shares in any jurisdiction where the offer or sale of the Shares is not permitted. Until [ ] (25 days after the date of this prospectus), all dealers effecting transactions in the Shares, whether or not participating in this distribution, may be required to deliver a prospectus. This requirement is in addition to the obligations of dealers to deliver a prospectus when acting as underw

View Full Filing

View this S-1/A filing on SEC EDGAR