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

June 21, 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. 2 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. 2 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 May 31, 2024 (SEC Accession No. 0001137439-24-001040), 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

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