Franklin Crypto Trust Reports Fiscal Year End Results and ETF Performance

**Franklin Crypto Trust Reports Fiscal Year End Results, Highlights ETF Performance**

The Franklin Crypto Trust, a Delaware statutory trust, today released its 10-K filing, detailing the financial performance and operational activities for the period from February 20, 2025 (commencement of operations) through December 31, 2025. The trust, which is not registered under the Investment Company Act of 1940, currently offers a single series, the Franklin Crypto Index ETF (EZPZ), listed on the Cboe BZX Exchange. As of December 31, 2025, the aggregate market value of the registrant’s shares held by non-affiliates was $3.5 million, based on the last reported sales price on the Cboe BZX Exchange, Inc. The trust had 450,000 shares outstanding as of the end of the reporting period.

The Franklin Crypto Index ETF, which aims to mirror the CF Institutional Digital Asset Index – US–Settlement Price, experienced a net investment loss of $5,250 for the reporting period. The fund's net realized loss and change in unrealized depreciation on investment in digital assets totaled $1.54 million, including a net realized loss from digital assets sold for the redemption of shares and sold to pay expenses of $125,891 and net realized loss from Digital Assets sold for rebalancing of $173,126 and a net change in unrealized depreciation on investment in Digital Assets of approximately $1.24 million. Despite these losses, net assets increased to $10.22 million, primarily driven by net capital share transactions amounting to $9.24 million. The fund's NAV per share decreased from $25.13 to $22.70, representing a 9.67% decline, while the Underlying Index fell 10.05% during the same period.

Key operational developments included the issuance of 400,000 shares in exchange for specific quantities of Bitcoin, Ether, XRP, Solana, Dogecoin, Cardano, Chainlink, and Stellar Lumens, and the redemption of 50,000 shares for 11.08 Bitcoin and 60.85 Ether. The fund's investment strategy involves passively tracking the Underlying Index, with the Sponsor not engaging in speculative trading activities. The Sponsor's fee, calculated at an annualized rate of 0.19% of the fund's net asset value, was partially waived for a portion of the reporting period, resulting in a net Sponsor's fee of $5,250.

The filing also outlines various risk factors associated with the fund, including the volatility of digital asset markets, regulatory uncertainties, security threats, and potential conflicts of interest involving the Sponsor and its affiliates. The Sponsor has implemented disclosure controls and procedures to ensure accurate and timely reporting, and has engaged service providers such as The Bank of New York Mellon as Administrator and Coinbase Custody Trust Company, LLC as Digital Asset Custodian. The fund's financial statements are prepared in accordance with GAAP, with digital assets valued at fair value based on prices from the principal market. The trust is an emerging growth company and may elect to comply with certain reduced public company reporting requirements.