**Franklin Ethereum Trust Reports Net Assets of $42.2 Million**
The Franklin Ethereum Trust, which offers the Franklin Ethereum ETF, reported net assets of $42.2 million as of March 31, 2026. This represents a significant increase from the $21.6 million in net assets reported as of March 31, 2025. The Fund's net asset value per share rose from $13.94 to $15.94 over the same period, an increase of 14.32%. This growth is primarily attributed to a 14.55% increase in the price of ether, the digital asset the Fund seeks to track.
The Fund experienced substantial activity in its share capital during the fiscal year ended March 31, 2026. A total of 2,850,000 shares were issued, while 1,750,000 shares were redeemed. This resulted in a net increase in shares outstanding from 1,550,000 at the beginning of the period to 2,650,000 at the end of the period. The net realized and unrealized loss on the Fund's investment in ether for the year was approximately $8.0 million, which, after accounting for the Sponsor's fee, led to a net decrease in net assets resulting from operations of $8.1 million.
The Sponsor, Franklin Holdings, LLC, receives a unitary fee of 0.19% annually on the Fund's net asset value. For the fiscal year ended March 31, 2026, the Sponsor's fee amounted to $108,260. In exchange for this fee, the Sponsor assumes ordinary operating expenses of the Fund, including administrative, marketing, custodian, and trustee fees, as well as listing fees and legal expenses up to $500,000 per annum. The Fund's organizational and initial offering costs were borne entirely by the Sponsor.
Looking ahead, the Fund's performance is directly tied to the price of ether. The Sponsor does not actively manage the ether holdings, meaning the Fund will not engage in speculative buying or selling based on market price fluctuations. The Fund's investment objective remains to generally reflect the performance of the price of ether before expenses and liabilities. Investors should be aware that the value of the Shares can be volatile due to the inherent price fluctuations of ether and the risks associated with digital assets.
About Franklin Ethereum Trust
The Franklin Ethereum Trust offers a passive investment vehicle that tracks the price of ether through its Franklin Ethereum ETF. It provides investors with a cost-effective, securities market-based exposure to ether, backed by holdings held in custody. The fund operates without active management, leverage, or derivatives, and facilitates easy trading through traditional brokerage accounts, focusing on liquidity, transparency, and regulatory compliance.
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