FRANKLIN TEMPLETON LAUNCHES FRANKLIN ETHEREUM ETF (EZET)

EZET allows investors to gain exposure to ether within a regulated exchange-traded product structure

Franklin Templeton today launched its second digital asset-backed exchange-traded product (ETP), the Franklin Ethereum ETF, under the ticker EZET. It is offered on the Cboe BZX Exchange, Inc. and priced at 0.19%, or 19 basis points. Franklin Templeton has agreed to fully waive fees to 0.00% until January 31, 2025, for the first $10.0 billion in fund assets. The fund is a spot ether (ETH) ETP available for U.S. investors and seeks to reflect the performance of the price of ether, less the expense of fund operations. EZET is the latest offering on the growing Franklin Templeton Digital Assets and ETF platforms.

“After the success of our spot bitcoin ETP (EZBC) launch in January, we are proud to add EZET to our growing lineup of digital asset ETPs,” said Patrick O’Connor, Head of Global ETFs for Franklin Templeton. “With EZET, we are thrilled to offer our clients additional access to the digital asset ecosystem within a regulated fund structure that integrates seamlessly into traditional portfolios.”

Since 2018, Franklin Templeton Digital Assets has been building blockchain-based technology solutions, running node validators, and developing a wide range of investment strategies. The firm’s dedicated digital assets research team leverages fundamental “tokenomic” analysis, insights from an embedded data science team and deep industry connections to help inform product development and investment decisions.

“We have been active participants and builders in the digital asset ecosystem since 2018 and have seen the transformative power of blockchain technology firsthand,” said Roger Bayston, Head of Digital Assets at Franklin Templeton. “Ethereum has been at the forefront of Web3 innovation with things like smart contracts and the Ethereum Virtual Machine and we’re excited to bring that technology revolution to our clients.”

Established in 2016, Franklin Templeton’s U.S. ETF and ETP platform provides solutions for a range of market conditions and investment objectives through active, smart beta and passively managed products. Franklin Templeton offers over 100 ETFs and ETPs globally with combined assets under management (AUM) of over $27 billion as of June 30, 2024.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.6 trillion in assets under management as of June 30, 2024. For more information, please visit franklintempleton.com and follow us on LinkedIn, X and Facebook.

The Fund has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Fund has filed with the SEC, when available, for more complete information about the Fund and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at sec.gov or by visiting franklintempleton.com.

All investments involve risks, including possible loss of principal. Before you invest, for more complete information about the Fund and this offering, you should carefully read the Fund’s prospectus.

The Fund is not an investment company registered under the Investment Company Act of 1940 (1940 Act), and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the 1940 Act. The Fund is not a commodity pool for purposes of the Commodity Exchange Act (CEA) and accordingly is not subject to the regulatory protections afforded by the CEA.

The Fund holds only ether and cash and is not suitable for all investors. The Fund is not a diversified investment and, therefore, is expected to be more volatile than other investments, such as an investment in a more broadly diversified portfolio. An investment in the Fund is not intended as a complete investment plan.

Eine Anlage in den Fonds unterliegt einem Marktrisiko in Bezug auf die Märkte für digitale Vermögenswerte. Der Handelspreis des vom Fonds gehaltenen Ethers kann steigen und fallen, manchmal schnell oder unvorhersehbar. Der Wert der Anteile des Fonds steht in direktem Zusammenhang mit dem Wert von Ether, der in der Vergangenheit sehr volatil war und aufgrund einer Reihe von Faktoren Schwankungen unterliegen kann. Extreme Volatilität in der Zukunft, einschließlich erheblicher, anhaltender oder schneller Rückgänge im Handel

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