Franklin Ethereum Trust
For the period ended Mar 31, 2025. Filed Jun 30, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Jun 30, 2025
EZET$16.09-4.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
BLE OF CONTENTS
| Page | ||
|---|---|---|
| PART I | ||
| Item 1. Business | 1 | |
| Description of the Trust | 1 | |
| Description of the Shares | 2 | |
| The Sponsor | 7 | |
| The Trustee | 7 | |
| The Ether Custodian | 8 | |
| The Cash Custodian | 10 | |
| Authorized Participants | 10 | |
| Item 1A. Risk Factors | 10 | |
| Item 1B. Unresolved Staff Comments | 42 | |
| Item 1C. Cybersecurity | 42 | |
| Item 2. Properties | 43 | |
| Item 3. Legal Proceedings | 43 | |
| Item 4. Mine Safety Disclosures | 43 | |
| PART II | ||
| Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 43 | |
| Item 6. [Reserved] | 43 | |
| Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 43 | |
| Item 7A. Quantitative and Qualitative Disclosures About Market Risk | 46 | |
| Item 8. Financial Statements and Supplementary Data | 47 | |
| Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure | 47 | |
| Item 9A. Controls and Procedures | 47 | |
| Item 9B. Other Information | 47 | |
| Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 47 | |
| PART III | ||
| Item 10. Directors, Executive Officers and Corporate Governance | 48 | |
| Item 11. Executive Compensation | 48 | |
| Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 48 | |
| Item 13. Certain Relationships and Related Transactions, and Director Independence | 48 | |
| Item 14. Principal Accountant Fees and Services | 48 | |
| PART IV | ||
| Item 15. Exhibits and Financial Statement Schedules | 49 | |
PART I
Item 1.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.