v3.26.1
COMBINED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
 8 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2026
Net assets, beginning of period [1] $ 2,621,065 $ 21,605,398
Net investment loss (8,924) [1] (108,260)
Net realized gain (loss) on investment in ether (995,550) [1] 2,746,623
Net change in unrealized appreciation (depreciation) on investment in ether (16,238,402) [1] (10,724,721)
Net increase (decrease) in net assets resulting from operations (17,242,876) [1] (8,086,358)
Increase (decrease) in net assets from capital share transactions:    
Contributions for Shares issued [2] 42,553,442 [1] 75,689,578
Distributions for Shares redeemed (6,326,233) [1] (46,977,953)
Net increase (decrease) in net assets from capital share transactions 36,227,209 [1] 28,711,625
Net assets, end of period 21,605,398 [1] 42,230,665
Franklin Ethereum ETF [Member]    
Net assets, beginning of period [1] 2,621,065 21,605,398
Net investment loss (8,924) [1] (108,260)
Net realized gain (loss) on investment in ether (995,550) [1] 2,746,623
Net change in unrealized appreciation (depreciation) on investment in ether (16,238,402) [1] (10,724,721)
Net increase (decrease) in net assets resulting from operations (17,242,876) [1] (8,086,358)
Increase (decrease) in net assets from capital share transactions:    
Contributions for Shares issued [3] 42,553,442 [1] 75,689,578
Distributions for Shares redeemed (6,326,233) [1] (46,977,953)
Net increase (decrease) in net assets from capital share transactions 36,227,209 [1] 28,711,625
Net assets, end of period $ 21,605,398 [1] $ 42,230,665
[1] On May 21, 2024, Franklin Resources Inc. (the “Seed Capital Investor”), an affiliate of the Sponsor, subject to conditions, purchased 4,000 Shares at 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.
[2] Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption.
[3] Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption.