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

TL;DR

Franklin Crypto Trust filed 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 February 6, 2025, for its Franklin Crypto Index ETF. This filing, with registration number 333-281615, details the trust's structure and operations as a Delaware-incorporated entity. The ETF aims to track a crypto index, with Franklin Holdings, LLC serving as the sponsor.

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 cryptocurrency indices.

Risk Assessment

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

Key Numbers

• 333-281615 — Registration Number (SEC registration number for the ETF)
• February 6, 2025 — Filing Date (Date the S-1/A amendment was filed)

Key Players & Entities

• Franklin Crypto Trust (company) — Registrant
• Franklin Holdings, LLC (company) — Sponsor
• Franklin Crypto Index ETF (company) — ETF Name
• 333-281615 (dollar_amount) — SEC Registration Number
• February 6, 2025 (date) — Filing Date
• Delaware (location) — State of Incorporation
• Navid J. Tofigh (person) — Copies to contact
• Miranda Sturgis (person) — Copies to contact

FAQ

Key Financial Figures

• $12,423.72 — ing Index was published with a value of $12,423.72. The Underlying Index values its Digita
• $97,524.64 — 2025 the CF Bitcoin Reference Rate was $97,524.64 and the CF Ether Reference Rate was $27
• $2770.31 — .64 and the CF Ether Reference Rate was $2770.31. The Digital Assets included in the Und
• $25.00 — 00 Shares at a per-Share price equal to $25.00 (the "Initial Seed Shares"). Delivery o
• $100,000 — he sale of the Initial Seed Shares were $100,000. [On [ ], the Initial Seed Shares were
• $500,000 — fees, license fees and expenses, up to $500,000 per annum in ordinary legal fees and ex

Filing Documents

• forms1a.htm (S-1/A) — 1514KB
• ex11.htm (EX-99) — 12KB
• ex41.htm (EX-99) — 218KB
• ex42.htm (EX-99) — 102KB
• ex51.htm (EX-99) — 8KB
• ex81.htm (EX-99) — 19KB
• ex101.htm (EX-99) — 210KB
• ex102.htm (EX-99) — 71KB
• ex104.htm (EX-99) — 171KB
• ex105.htm (EX-99) — 132KB
• ex106.htm (EX-99) — 87KB
• ex107.htm (EX-99) — 23KB
• ex108.htm (EX-99) — 9KB
• ex231.htm (EX-99) — 2KB
• image0.jpg (GRAPHIC) — 555KB
• image1.jpg (GRAPHIC) — 339KB
• image00002.jpg (GRAPHIC) — 15KB
• image00003.jpg (GRAPHIC) — 2KB
• image00006.jpg (GRAPHIC) — 7KB
• image00007.jpg (GRAPHIC) — 75KB
• image00008.jpg (GRAPHIC) — 486KB
• filename23.htm (COVER) — 7KB
• 0001137439-25-000050.txt ( ) — 4621KB

USE OF PROCEEDS

USE OF PROCEEDS 85 OVERVIEW OF THE ETHEREUM INDUSTRY 85 OVERVIEW OF THE BITCOIN INDUSTRY 95 OVERVIEW OF THE DIGITAL ASSET INDUSTRY 98 BUSINESS OF THE FUND 102 DESCRIPTION OF THE SHARES AND THE TRUST 119 CREATIONS AND REDEMPTIONS 122 THE TRUSTEE 130 130 FISCAL YEAR 130 THE SECURITIES DEPOSITORY; BOOK-ENTRY-ONLY SYSTEM; GLOBAL SECURITY 131 DESCRIPTION OF KEY SERVICE PROVIDERS 132 THE SPONSOR 132 THE TRUSTEE 133 THE ADMINISTRATOR 135 THE CUSTODIANS 135 THE PRIME BROKER AND THE TRADE CREDIT LENDER 138 TRADING COUNTERPARTIES 143 THE INDEX PROVIDER 145 THE MARKETING AGENT 145 U.S FEDERAL INCOME TAX CONSEQUENCES 145 ERISA AND RELATED CONSIDERATIONS 155 SEED CAPITAL INVESTOR 155 PLAN OF DISTRIBUTION 156 CONFLICTS OF INTEREST 157 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION 158 LEGAL MATTERS 159 EXPERTS 159 WHERE YOU CAN FIND MORE INFORMATION 159 GLOSSARY 160 Report of Independent Registered Public Accounting Firm 168 v 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 underwriters a

View Full Filing

View this S-1/A filing on SEC EDGAR