EZET 424B3: Shelf registration

Franklin Ethereum Trust

Filed with the SEC on · accession 0002071844-26-001457

EZET filed a 424B3 (prospectus (offering)) with the SEC on Oct 22, 2026. Franklin Ethereum Trust filed a 424B3 prospectus for the continuous offering of shares of the Franklin Ethereum ETF (EZET), representing fractional interests in ether held by a custodian. The stock moved -4.3% by the first close after the filing.

Summary of the filing

Franklin Ethereum Trust filed a 424B3 prospectus for the continuous offering of shares of the Franklin Ethereum ETF (EZET), representing fractional interests in ether held by a custodian. The filing updates the registration for ongoing creation and redemption of shares in Creation Units of 50,000 shares.

Key details

Initial seed shares purchase price per share$25
Total proceeds from initial seed shares$100K
Total proceeds from seed creation units$2.6M
Ether price on June 27, 2024$3K
CME CF Ether-Dollar Reference Rate on September 30, 2026$3K
IssuerFranklin Ethereum Trust
SponsorFranklin Holdings, LLC
Ether custodianCoinbase Custody Trust Company, LLC
Cash custodian, administrator, transfer agentBank of New York Mellon
Marketing agentFranklin Distributors, LLC
TrusteeCSC Delaware Trust Company
Seed capital investorFranklin Templeton, Inc.
Listing exchangeCboe BZX Exchange, Inc.

How EZET stock reacted

Close before

$18.88

Oct 21, 2026

First close after

-4.34%

$18.06

5 trading days

-4.98%

$17.94

Since filing

-21.87%

$14.75

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Frequently asked questions

What did EZET file with the SEC on Oct 22, 2026?

EZET filed a 424B3 (Shelf registration). Franklin Ethereum Trust filed a 424B3 prospectus for the continuous offering of shares of the Franklin Ethereum ETF (EZET), representing fractional interests in ether held by a custodian. The filing updates the registration for ongoing creation and redemption of shares in Creation Units of 50,000 shares.

What does a shelf registration mean for EZET stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B3?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did EZET stock react to this filing?

EZET closed at $18.88 before the filing and $18.06 on Oct 22, 2026 (-4.34%). Five trading days later: $17.94 (-4.98%).

Other EZET SEC filings

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