[8-K] Franklin Crypto Trust Reports Material Event

Rhea-AI Filing Summary

Franklin Crypto Index ETF (EZPZ) is expanding the digital assets it tracks and holds. The fund’s underlying index, the CF Institutional Digital Asset Index – US–Settlement Price, will add new constituents effective December 1, 2025. From that date, the index – and the fund’s portfolio – will include Bitcoin, Ether, XRP, Solana, Dogecoin, Cardano, Stellar Lumens, and Chainlink.

Under new Cboe BZX Exchange Generic Listing Standards, the fund is permitted to hold these additional digital assets, rather than being limited to Bitcoin and Ether. The fund intends to invest in these eight assets in approximately the same weights used in the index, which will continue to follow a quarterly rebalancing schedule.

The sponsor is also adding flexibility to how large institutional trading partners interact with the fund. Authorized Participants will now be able to create and redeem Creation Units on an in-kind basis, in addition to the existing cash creation and redemption process.

Insights

ETF structure and crypto markets analyst

EZPZ shifts from a Bitcoin/Ether focus to an eight-coin index with added in-kind creation flexibility.

The update describes two key changes for Franklin Crypto Index ETF (EZPZ). First, its underlying CF Institutional Digital Asset Index – US–Settlement Price will, effective December 1, 2025, include Bitcoin, Ether, XRP, Solana, Dogecoin, Cardano, Stellar Lumens, and Chainlink. The fund will invest in these same eight digital assets in approximately the index weights, so performance will increasingly reflect a diversified crypto basket rather than just Bitcoin and Ether.

The index remains on a quarterly rebalancing schedule, and the sponsor states it will continue adjusting holdings to replicate the index, subject to the Generic Listing Standards and the trust’s governing documents. This anchors portfolio changes to a defined methodology rather than discretionary trading, which can help align expectations about how and when the asset mix may shift.

The second change adds in-kind creations and redemptions for Creation Units, alongside the existing cash-only process. This allows Authorized Participants to deliver and receive the underlying digital assets directly, which may improve primary-market trading mechanics for larger institutions. Actual effects on spreads and secondary-market liquidity will depend on future activity by Authorized Participants and broader crypto market conditions.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K


Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 24, 2025
FRANKLIN CRYPTO INDEX ETF  A SERIES OF FRANKLIN CRYPTO TRUST SPONSORED BY FRANKLIN HOLDINGS, LLC (Exact Name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation)	333-281615 (Commission File Number)	99-6871401 (I.R.S. Employer Identification No.)
One Franklin Parkway, San Mateo, CA 94403-1906 (Address of principal executive offices)  (Zip Code)
Registrant’s telephone number, including area code:  (650) 312-2000
Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol(s)	Name of each exchange on which registered
Shares of Franklin Crypto Index ETF	EZPZ	CBOE BZX Exchange, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company           ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 8.01 - Other Events.

Changes to Underlying Index Constituents and Fund Investments Under the Generic Listing Standards

The Fund generally seeks to reflect the price of the digital assets included in the CF Institutional Digital Asset Index – US–Settlement Price (the “Underlying Index”). CF Benchmarks Ltd. (“Index Provider”) has announced that effective December 1, 2025, the Underlying Index will add several new digital asset constituents. As of December 1, 2025, the constituents of the Underlying Index will be Bitcoin, Ether, XRP, Solana, Dogecoin, Cardano, Stellar Lumens, and Chainlink.

In reliance on the new rules adopted by Cboe BZX Exchange, Inc. (the “Exchange”) and approved by the U.S. Securities and Exchange Commission (the “SEC”) (SR-CboeBZX-2025-104) (the “Generic Listing Standards”), the Fund is permitted to hold additional digital assets that are constituents of the Underlying Index, rather than being limited to Bitcoin  and Ether. Accordingly, on or about December 1, 2025, the Fund will 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 will remain subject to quarterly rebalancing schedule and other Underlying Index constituents may be added or removed from time to time in accordance with the Index Provider’s Index Rules and the Generic Listing Standards.

The Sponsor will continue to monitor the Underlying Index’s composition and will adjust the Fund’s holdings in order to replicate the Underlying Index, subject to the requirements set forth in the Generic Listing Standards and its Second Amended and Restated Declaration of Trust.

Changes to Creation and Redemption Process

The Fund is also disclosing that the Sponsor will now allow for Authorized Participants to conduct in-kind creation and redemption transactions for Creation Units of the Fund, in addition to the current cash creation and redemption process.

In connection with these changes, the Fund is also filing a prospectus supplement to update and supplement certain information contained in the Registration Statement on Form S-1 (No. 333-281615).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		Franklin Crypto Index ETF
Date: November 24, 2025		By:		/s/ David Mann
				David Mann President and Chief Executive Officer