Stradley Ronon Stevens & Young, LLP

2005 Market Street

Suite 2600

Philadelphia, PA 19103

Telephone 215.564.8000

Fax 215.564.8120

www.stradley.com

J. Stephen Feinour, Jr.

Partner

jfeinourjr@stradley.com

(215) 564-8521

July 8, 2024

VIA EDGAR

U.S. Securities and Exchange Commission

100 F Street, NE

Washington, D.C. 20549

	Re:	Franklin Ethereum Trust
		Pre-Effective Amendment No. 3 to Registration Statement on Form S-1

Ladies and Gentlemen:

On behalf of our client, Franklin Ethereum Trust (the “Trust”), and its series, Franklin Ethereum ETF (the “Fund”), submitted herewith for filing via the EDGAR system is Pre-Effective Amendment No. 3 to the Trust’s amendment to the Registration Statement on Form S-1 (the “Amendment”) pursuant to Rule 415 under the Securities Act of 1933. The Amendment is being filed on behalf of the Fund for the purposes of: (i) responding to comments conveyed by the Staff of the Securities and Exchange Commission with respect to the amended Registration Statement as filed on June 21, 2024 (SEC Accession No. 0001680359-24-000151), and (ii) to reflect certain other changes.

Please direct questions or comments relating to this filing to me at the phone number listed above or, in my absence, to Miranda L. Sturgis, Esq. at (215) 564-8131.

	Very truly yours,

	/s/ J. Stephen Feinour, Jr.
	J. Stephen Feinour, Jr., Esq.

	CC:	Navid J. Tofigh
		Julie Sterner Patel
		Miranda L. Sturgis

Pennsylvania • New Jersey • Delaware • DC • New York • Illinois • California

A Pennsylvania Limited Liability Partnership

Franklin Ethereum Trust S-1/A