VanEck Ethereum ETF Files S-1/A Amendment
Ticker: ETHV · Form: S-1/A · Filed: Jul 8, 2024 · CIK: 1860788
| Field | Detail |
|---|---|
| Company | Vaneck Ethereum Etf (ETHV) |
| Form Type | S-1/A |
| Filed Date | Jul 8, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $50.00, $100,000, $3414.07, $105.7 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: ETF, cryptocurrency, filing
TL;DR
VanEck ETH ETF filing update - looks like they're still pushing for launch.
AI Summary
VanEck Ethereum ETF filed an S-1/A amendment on July 8, 2024, to register securities related to its Ethereum ETF. The filing, with registration number 333-255888, indicates ongoing efforts to launch this cryptocurrency-focused investment product. The ETF is incorporated in Delaware and its principal executive offices are located at 666 Third Avenue, New York, NY.
Why It Matters
This filing is a step in the process for VanEck to offer an Ethereum ETF, potentially increasing accessibility and investment in Ether for a broader market.
Risk Assessment
Risk Level: medium — The cryptocurrency market is inherently volatile, and regulatory landscapes can change, posing risks to ETF performance and investor returns.
Key Numbers
- 333-255888 — SEC Registration Number (Identifies the specific registration for this ETF.)
- 20240708 — Filing Date (Indicates when this amendment was submitted to the SEC.)
Key Players & Entities
- VanEck Ethereum ETF (company) — Registrant
- Ethereum (company) — Underlying asset
- July 8, 2024 (date) — Filing date
- 333-255888 (dollar_amount) — SEC Registration Number
- Delaware (company) — State of incorporation
- 666 Third Avenue, New York, NY (company) — Business address
- Jonathan R. Simon, Esq. (person) — Contact person for service of process
- Matthew A. Babinsky, Esq. (person) — Contact person for service of process
FAQ
What is the purpose of this S-1/A filing?
This is an amendment (Amendment No. 5) to the Form S-1 Registration Statement, used by VanEck Ethereum ETF to register securities under the Securities Act of 1933.
When was this amendment filed?
The filing was made on July 8, 2024.
What is the SEC registration number for this filing?
The SEC registration number is 333-255888.
Where is VanEck Ethereum ETF incorporated?
The ETF is incorporated in Delaware.
Who are the contact persons listed for service of process?
Jonathan R. Simon, Esq. and Matthew A. Babinsky, Esq. are listed for service of process.
Filing Stats: 4,478 words · 18 min read · ~15 pages · Grade level 15.8 · Accepted 2024-07-08 11:09:58
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 June 25, 2024, the Seed Shares were
- $3414.07 — 4. The Index price on June 25, 2024 was $3414.07. Total proceeds to the Trust from the s
- $105.7 billion — d investment adviser with approximately $105.7 billion in assets under management as of May 31
Filing Documents
- c109048_s1a.htm (S-1/A) — 1502KB
- c109048_ex3-2.htm (EX-3.2) — 3KB
- c109048_ex4-1.htm (EX-4.1) — 351KB
- x12_c109048x91x1.jpg (GRAPHIC) — 6KB
- c109048_ex23-1.htm (EX-23.1) — 2KB
- 0000930413-24-002024.txt ( ) — 1868KB
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