Franklin Crypto Index ETF Stock Price, News & Analysis

Franklin Crypto Index ETF (EZPZ) is a series of Franklin Crypto Trust, sponsored by Franklin Holdings, LLC and organized in Delaware. According to its SEC disclosures, the fund is designed to provide exposure to a basket of digital assets by tracking the CF Institutional Digital Asset Index – US–Settlement Price (referred to as the Underlying Index). The ETF is associated with the commodity contracts brokers and dealers sector classification.

The fund generally seeks to reflect the price performance of the digital assets that make up its Underlying Index. The index is administered by CF Benchmarks Ltd., identified in regulatory filings as the Index Provider. The composition of the Underlying Index can change over time in line with the Index Provider’s index rules and applicable exchange listing standards, and the sponsor of the fund monitors these changes in order to align the fund’s holdings with the index.

In an SEC Form 8-K filing, Franklin Crypto Index ETF disclosed that, effective December 1, 2025, the Underlying Index would include Bitcoin, Ether, XRP, Solana, Dogecoin, Cardano, Stellar Lumens, and Chainlink as its constituents. The filing explains that, in reliance on generic listing standards adopted by Cboe BZX Exchange, Inc. and approved by the U.S. Securities and Exchange Commission, the fund is permitted to hold additional digital assets that are constituents of the Underlying Index, rather than being limited to only Bitcoin and Ether.

As described in the same filing, on or about December 1, 2025, the fund intends to invest in Bitcoin, Ether, XRP, Solana, Dogecoin, Cardano, Stellar Lumens, and Chainlink in approximately the same weights as they represent in the Underlying Index. The Underlying Index remains subject to a quarterly rebalancing schedule, and its constituents may be added or removed from time to time in accordance with the Index Provider’s rules and the applicable generic listing standards.

The sponsor of Franklin Crypto Index ETF states that it will continue to monitor the Underlying Index’s composition and adjust the fund’s holdings in order to replicate the index, subject to the requirements set forth in the generic listing standards and the fund’s Second Amended and Restated Declaration of Trust. This structure is intended to keep the ETF’s portfolio aligned with the digital asset mix and weighting methodology defined by the Underlying Index.

The fund has also disclosed changes to its creation and redemption process for large blocks of shares known as Creation Units. According to the 8-K, the sponsor will allow authorized participants to conduct in-kind creation and redemption transactions for Creation Units of the fund, in addition to the existing cash creation and redemption process. This means that, alongside cash transactions, authorized participants may deliver or receive digital assets that are constituents of the Underlying Index when creating or redeeming Creation Units, as permitted by the sponsor’s policies and applicable rules.

Franklin Crypto Index ETF’s regulatory filings also note that, in connection with these changes to the Underlying Index constituents and the creation and redemption process, the fund is filing a prospectus supplement to update and supplement certain information contained in its registration statement on Form S-1. This reflects the fund’s practice of using SEC filings to communicate material updates about its index composition, investment approach relative to the Underlying Index, and operational processes for primary market participants.

Business focus and structure

Based on the available regulatory information, Franklin Crypto Index ETF is structured as an exchange-traded fund that seeks to track the performance of a specified digital asset index. Its focus is on holding digital assets that are constituents of the CF Institutional Digital Asset Index – US–Settlement Price, with holdings adjusted to approximate the weights of those assets in the index. The fund’s sponsor, Franklin Holdings, LLC, oversees the fund’s adherence to the index methodology and applicable listing standards.

The ETF’s sector classification as a commodity contracts brokers and dealers–related product reflects its focus on digital assets and index-based exposure rather than on operating a traditional operating business. Its disclosures emphasize index tracking, digital asset holdings, and compliance with exchange listing standards, rather than conventional revenue-generating operations.

Index methodology and digital asset exposure

The Underlying Index is administered by CF Benchmarks Ltd., and the fund’s filings indicate that the index is subject to a defined set of index rules and a quarterly rebalancing schedule. The constituents of the index may be added or removed over time in accordance with those rules and with the generic listing standards referenced by the fund. As of the effective date described in the 8-K, the index includes Bitcoin, Ether, XRP, Solana, Dogecoin, Cardano, Stellar Lumens, and Chainlink.

By seeking to replicate the Underlying Index, Franklin Crypto Index ETF provides exposure to this specified basket of digital assets as defined by the index methodology. The sponsor’s monitoring and adjustment of the fund’s holdings are intended to keep the ETF aligned with the index’s composition and weighting, as permitted by the relevant exchange and SEC-approved standards.

Creation and redemption mechanics

The fund’s 8-K filing highlights that authorized participants—specialized financial institutions that interact directly with the ETF at the Creation Unit level—may use both cash and in-kind processes to create and redeem large blocks of shares. The introduction of in-kind creation and redemption, in addition to cash transactions, is described as a change to the fund’s creation and redemption process. This operational detail is relevant for understanding how the ETF manages flows in and out of the fund at the primary market level.

These mechanics, along with the fund’s reliance on the Underlying Index and generic listing standards, are central to how Franklin Crypto Index ETF is structured and operated according to its SEC filings. Investors and observers can review the fund’s registration statement on Form S-1 and related supplements, as well as subsequent current reports on Form 8-K, for additional regulatory and structural information.