Franklin Crypto Index ETF (EZPZ) is a digital asset investment trust that holds cryptocurrency assets, structured as a Delaware Statutory Trust and sponsored by Franklin Holdings, LLC, an affiliate of Franklin Resources, Inc. The fund generates revenue through a sponsor fee charged against fund assets, which is the only ordinary expense paid by the fund per the fiscal year ended 10-K filed 2026-03-30. The trust operates under agreements with Coinbase as prime broker and custodian and The Bank of New York Mellon as administrator and transfer agent. Shares are created and redeemed through Authorized Participants, who must be registered broker-dealers and DTC Participants. The fund's holdings track cryptocurrency exposure, with Ethereum (ETH) referenced extensively in the filing, including the CME CF Ether-Dollar Reference Rate as a pricing benchmark. The trust has no directors or executive officers, and Franklin Holdings, LLC acts as sole sponsor.

Revenue model

The fund charges a sponsor fee assessed against fund assets. This is described as the only ordinary expense paid by the fund per the 10-K filed 2026-03-30. No specific fee rate or dollar amount is disclosed in the provided excerpts.

Products and services

Franklin Crypto Index ETF: a cryptocurrency exchange-traded product structured as a Delaware Statutory Trust, providing investors with exposure to digital assets including ether (ETH). Shares are created and redeemed in Creation Units through Authorized Participants. Custody of digital assets is handled by Coinbase under a Prime Broker Agreement and Custodial Services Agreement.

Customers and end markets

Investors accessing cryptocurrency exposure through a regulated ETF wrapper. Authorized Participants, defined as registered broker-dealers who are DTC Participants, serve as the direct counterparties for share creation and redemption. End investors include those seeking digital asset exposure without directly holding cryptocurrency.

Value-chain role

Product sponsor and fund operator. Franklin Holdings, LLC sponsors the trust. The Bank of New York Mellon provides fund administration, accounting, and transfer agency services. Coinbase serves as prime broker and digital asset custodian. The fund sits between end investors and the underlying digital asset markets.

Geographic exposure

United States. The trust is registered with the SEC under the Securities Exchange Act of 1934 and is incorporated as a Delaware Statutory Trust. No international geographic exposure is described in the provided excerpts.

Source: SEC 10-K, filed 2026-03-30

Industry: Commodity Contracts Brokers & Dealers