IPO - Franklin Crypto Trust

Form Type: CORRESP

Filing Date: 2025-02-14

Corporate Action: Ipo

Type: New

Accession Number: 000168035925000092

Filing Summary: Franklin Crypto Trust has filed a request for acceleration of the effectiveness of its Registration Statement on Form S-1, with the goal of having it become effective by February 19, 2025, at 5:00 p.m. Eastern time. This filing is made under Rule 461 of the Securities Act of 1933, confirming the Registrant’s awareness of its obligations under both the Securities Act and the Securities Exchange Act of 1934. David Mann, President and Chief Executive Officer, is identified as the signatory for Franklin Crypto Trust, which is sponsored by Franklin Holdings, LLC.

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Form Type: S-1/A

Filing Date: 2025-02-14

Corporate Action: Ipo

Type: New

Accession Number: 000113743925000089

Filing Summary: Franklin Crypto Trust is issuing shares of the Franklin Crypto Index ETF, a series of the Trust organized as a Delaware statutory trust. The ETF aims to reflect the price of digital assets, specifically bitcoin and ether, according to the CF Institutional Digital Asset Index. As of February 13, 2025, the underlying index contains 86.64% bitcoin and 13.36% ether. The Fund will issue shares on a continuous basis and is registering an indeterminate number of shares with the SEC. The total proceeds from an initial seed investment of $100,000 are mentioned, along with details about the creation and redemption process of shares. The document outlines that the Fund is not a registered investment company and discusses the role of Franklin Holdings, LLC, and other service providers like the custodian and administrator. The Fund's securities are not guaranteed by any governmental agency and carry significant risks regarding investments in digital assets. It agrees to regulatory compliance and describes the potential fluctuation in share prices based on the underlying digital assets' performance.

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Form Type: S-1/A

Filing Date: 2025-02-06

Corporate Action: Ipo

Type: Update

Accession Number: 000113743925000050

Filing Summary: On February 6, 2025, Franklin Crypto Trust filed an amendment to its S-1 registration statement to offer its shares as part of the Franklin Crypto Index ETF. The Trust is organized as a Delaware statutory trust, and the ETF is designed to reflect the price of digital assets included in the CF Institutional Digital Asset Index. The only assets in the Underlying Index at the time of this filing are Bitcoin and Ether. The filings include the provision for the registration of an indeterminate number of shares and outline the expected continuous offering of shares, which are designated to be listed and traded on the Cboe BZX Exchange under the ticker symbol 'EZPZ.' Additionally, the document includes a determination of registration fees and notes that the Fund intends to issue shares on a continuous basis while maintaining compliance with regulations under the Securities Act. The Trust is designated as an emerging growth company and does not intend to hold other digital assets unless regulatory approval is obtained. Significant risks related to investing in the Shares are noted, indicating that potential investors should consider these factors before proceeding.

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Form Type: S-1/A

Filing Date: 2024-12-11

Corporate Action: Ipo

Type: New

Accession Number: 000113743924001560

Filing Summary: Franklin Crypto Trust has filed Amendment No. 1 to Form S-1 to register shares of the Franklin Crypto Index ETF, organized as a Delaware statutory trust. This filing indicates the intention to offer shares to the public on a continuous basis, with the aim of reflecting the performance of digital assets, specifically bitcoin and ether, as represented in the CF Institutional Digital Asset Index. The shares will be listed on the Cboe BZX Exchange under the ticker symbol 'EZPZ'. The Trust aims to track the performance of its underlying index, and while changes in the shares’ prices may vary from the digital assets, the fund is designed to keep the portfolio aligned with index weights. The Trust is structured to meet specific regulatory requirements and is classified as an emerging growth company, thereby adhering to reduced reporting obligations. Additionally, there are provisions for potential future inclusion of other digital assets pending regulatory approval. The Trust seeks to provide investors with the opportunity to gain exposure to digital assets through shares that are issued based on a defined creation and redemption process involving Authorized Participants.

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Form Type: S-1

Filing Date: 2024-08-16

Corporate Action: Ipo

Type: New

Accession Number: 000113743924001282

Filing Summary: Franklin Crypto Trust has filed a registration statement with the SEC to register its Franklin Crypto Index ETF. The fund aims to reflect the price of its underlying digital assets, primarily bitcoin and ether, as per the CF Institutional Digital Asset Index. Shares will represent fractional undivided beneficial interests in its net assets, with the investment objective being to track the NAV reflective of the digital assets while accounting for expenses. The offering is intended as a continuous sale with no set termination date, and the securities are not registered under the Investment Company Act. The fund will engage in continuous share offerings, listed on the Cboe BZX Exchange, under ticker symbol 'EZPZ'. Significant risks exist in investing in the shares, which are not guaranteed by any governmental agency, and the past performance may not predict future outcomes. The filing includes details of share issuance, creation units, and the operational structure of the fund and its sponsors, emphasizing its status as an emerging growth company.

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