INVESTMENT IN ETHER (Tables)

12 Months Ended

Mar. 31, 2025

The following represents the changes in quantity of ether held and the respective fair value during the period from July 23, 2024 (Date of Commencement of operations) to March 31, 2025*:


	Quantity of ether			Amount in US$
Balance at July 23, 2024 (Date of Commencement of operations)	760.0000		$	2,621,065	^
Ether purchased for the creation of Shares	13,300.0000			42,553,442
Ether sold for the redemption of Shares	(2,279.7938	)		(6,326,233	)
Principal on ether sales to pay expenses	-			-
Net realized gain (loss) from ether sold for the redemption of shares	-			(995,550	)
Net change in unrealized appreciation (depreciation) on investment in ether	-			(16,238,402	)
Balance at March 31, 2025	11,780.2062		$	21,614,322

* No comparative period presented as the Fund’s operations commenced on July 23, 2024.

^ On May 21, 2024, Franklin Resources Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at a per-Share price equal to $25.00 (the “Initial Seed Shares”). Delivery of the Initial Seed Shares was made on May 21, 2024. Total proceeds to the Fund from the sale of the Initial Seed Shares were $100,000. On June 27, 2024, the Initial Seed Shares were redeemed for $100,000 and the Seed Capital Investor purchased two creation units in a cash transaction comprised of a total of 100,000 Shares at a per-Share price based on 380 ether per Creation Unit (or 0.0076 ether per Share), for a total of 760 ether (the “Seed Creation Units”). The cash proceeds to the Fund from the sale of the Seed Creation Units were used by the Fund to purchase 760 ether at the price of $3,446.37 per ether on June 27, 2024 (exclusive of transaction and other costs incurred in connection with the conversion of the cash proceeds to ether, which were paid by the Seed Capital Investor). Thus, the ultimate total proceeds to the Fund from the sale of the Seed Creation Units were $2,619,241.20 (an amount representing 760 ether). Further, the transaction and other costs incurred in connection with the Seed Creation Units were paid by the Seed Capital Investor and not borne by the Fund. The Seed Capital Investor will act as a statutory underwriter with respect to the Seed Creation Units.

Franklin Ethereum ETF [Member]

INVESTMENT IN ETHER [Abstract]

Investment in Ether

The following represents the changes in quantity of ether held and the respective fair value during the period from July 23, 2024 (Date of Commencement of operations) to March 31, 2025*:


	Quantity of ether			Amount in US$
Balance at July 23, 2024 (Date of Commencement of operations)	760.0000		$	2,621,065	^
Ether purchased for the creation of Shares	13,300.0000			42,553,442
Ether sold for the redemption of Shares	(2,279.7938	)		(6,326,233	)
Principal on ether sales to pay expenses	-			-
Net realized gain (loss) from ether sold for the redemption of shares	-			(995,550	)
Net change in unrealized appreciation (depreciation) on investment in ether	-			(16,238,402	)
Balance at March 31, 2025	11,780.2062		$	21,614,322

* No comparative period presented as the Fund’s operations commenced on July 23, 2024.