Franklin Ethereum Trust (EZET) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: June 30, 2025

Risk Assessment Details

Potential Dilution: 0.24% of current shares
Recent Dilution: 13.03% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
1.7M
Potential Supply
4K
Additional shares possible
Splits
None
Past 2 years

Summary

EZET currently has 1.7M outstanding shares. with limited dilution risk as only 4K additional shares (0.2%) are authorized for issuance. The company has diluted shareholders by 13.03% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jun 30, 2025

10-K filing | 1.7M shares outstanding

1.7M 4K
Feb 12, 2025

10-Q filing | 1.7M shares outstanding

1.7M 4K
Nov 12, 2024

10-Q filing | 1.7M shares outstanding

1.7M 4K
Aug 14, 2024

10-Q filing | 1.5M shares outstanding

1.5M 4K
Jul 17, 2024

S-1/A filing: This S-1/A filing registers an indeterminate amount of common stock shares for continuous offering, with the offering not expected to terminate until three years from the original offering date, unless extended.

N/A 4K
Jul 08, 2024

S-1/A filing: This S-1/A filing registers an indeterminate amount of common stock shares for continuous offering, with the offering not expected to terminate until three years from the original offering date.

N/A 4K
Jun 21, 2024

S-1/A filing: This S-1/A filing registers an indeterminate amount of common stock shares for continuous offering, expected to last three years from the original offering date.

N/A 4K
May 31, 2024

S-1/A filing: This S-1/A filing registers an indeterminate number of securities for sale at indeterminate prices, with deferred payment of registration fees and expenses borne by the Sponsor. It also details a subscription agreement for the purchase and sale of 4,000 shares at $25.00 per share.

N/A 4K
Feb 12, 2024

S-1 filing: This S-1 filing registers an indeterminate amount of common stock shares for continuous offering, expected to last three years, with prices varying based on ether and trading prices on Cboe BZX Exchange, Inc.

N/A 0
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