VanEck Ethereum Trust Files S-1/A Amendment

TL;DR

VanEck Ethereum Trust filed an S-1/A. ETH ETF incoming?

AI Summary

VanEck Ethereum Trust filed an S-1/A amendment on June 21, 2024, for its registration statement. The filing, with registration number 333-255888, indicates the trust is incorporated in Delaware and its principal executive offices are located at 666 Third Avenue, New York, NY. The filing is an amendment to a previous registration, with the company formerly known as VanEck Ethereum ETF.

Why It Matters

This filing is a step in the process for VanEck to potentially offer an Ethereum-based investment product, which could impact the accessibility and investment landscape for Ether.

Risk Assessment

Risk Level: medium — The filing relates to a financial product tied to a volatile cryptocurrency, and regulatory approvals are still pending.

Key Numbers

• 333-255888 — SEC File Number (Identifies this specific registration filing)
• 212-293-2048 — Business Phone (Contact number for the registrant)

Key Players & Entities

• VanEck Ethereum Trust (company) — Registrant
• June 21, 2024 (date) — Filing date
• 333-255888 (other) — SEC File Number
• Delaware (location) — State of incorporation
• 666 Third Avenue, 9th Floor, New York, New York 10017 (location) — Principal executive offices
• VanEck Ethereum ETF (company) — Former company name
• Jonathan R. Simon, Esq. (person) — Contact for service of process
• Matthew A. Babinsky, Esq. (person) — Contact for service of process
• Clifford R. Cone, Esq. (person) — Copy to
• Jason D. Myers, Esq. (person) — Copy to

FAQ

Key Financial Figures

• $50.00 — ng 2,000 Shares at a per-Share price of $50.00. Delivery of the Seed Shares was made o
• $100,000 — t from the sale of the Seed Shares were $100,000. On [ ], 2024, the Seed Shares were red
• $99.66 billion — d investment adviser with approximately $99.66 billion in assets under management as of April

Filing Documents

• c109048_s1a.htm (S-1/A) — 1491KB
• c109048_ex5-1.htm (EX-5.1) — 12KB
• c109048_ex8-1.htm (EX-8.1) — 11KB
• c109048_ex10-10.htm (EX-10.10) — 238KB
• image_001.jpg (GRAPHIC) — 7KB
• 0000930413-24-001926.txt ( ) — 1763KB

RISK FACTORS

RISK FACTORS 12 ETH, ETH MARKET, ETH EXCHANGES AND REGULATION OF ETH 66 THE TRUST AND ETH PRICES 72 NET ASSET VALUE DETERMINATIONS 77 ADDITIONAL INFORMATION ABOUT THE TRUST 86 THE TRUST’S SERVICE PROVIDERS 90 CUSTODY OF THE TRUST’S ASSETS 98 FORM OF SHARES 101 TRANSFER OF SHARES 102 PLAN OF DISTRIBUTION 103 CREATION AND REDEMPTION OF SHARES 105

USE OF PROCEEDS

USE OF PROCEEDS 111 112 CONFLICTS OF INTEREST 113 DUTIES OF THE SPONSOR 115 LIABILITY AND INDEMNIFICATION 117 PROVISIONS OF LAW 119 MANAGEMENT; VOTING BY SHAREHOLDERS 120 BOOKS AND RECORDS 121 122 FISCAL YEAR 123 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION 124 LEGAL MATTERS 125 EXPERTS 126 MATERIAL CONTRACTS 127 UNITED STATES FEDERAL INCOME TAX CONSEQUENCES 129 PURCHASES BY EMPLOYEE BENEFIT PLANS 133 INFORMATION YOU SHOULD KNOW 134 SUMMARY OF PROMOTIONAL AND SALES MATERIAL 135 INTELLECTUAL PROPERTY 136 WHERE YOU CAN FIND MORE INFORMATION 137 PRIVACY POLICY 138 APPENDIX A GLOSSARY OF DEFINED TERMS A-1 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM B-1 VANECK ETHEREUM TRUST STATEMENT OF ASSETS AND LIABILITIES F-1 - iv - This Prospectus contains information you should consider when making an investment decision about the Shares of the Trust. You may rely on the information contained in this Prospectus. The Trust and the Sponsor have not authorized any person to provide you with different information and, if anyone provides you with different or inconsistent information, you should not rely on it. This Prospectus is not an offer to sell the Shares in any jurisdiction where the offer or sale of the Shares is not permitted. The Shares of the Trust are not registered for public sale in any jurisdiction other than the United States. Until [ ], 2024, all dealers effecting transactions in the Shares, whether or not participating in this offering, may be required to deliver a prospectus. This requirement is in addition to the dealer’s obligation to deliver a prospectus when acting as underwriters and with respect to unsold allotments or subscriptions. - v - This Prospectus includes “forward-looking statements” which generally r

View Full Filing

View this S-1/A filing on SEC EDGAR