Invesco Galaxy Ethereum ETF Files S-1/A Amendment

TL;DR

Invesco Galaxy Ethereum ETF filed S-1/A, getting closer to launching an ETH ETF. 🚀

AI Summary

Invesco Galaxy Ethereum ETF filed an S-1/A amendment on May 31, 2024, to register securities under the Securities Act of 1933. The ETF, incorporated in Delaware, aims to offer investors exposure to Ethereum. The filing details the company's principal executive offices located at 3500 Lacey Road, Suite 700, Downers Grove, IL 60515, with a contact phone number of 800-983-0903.

Why It Matters

This filing is a step towards the potential launch of a new investment vehicle for Ethereum, which could impact the accessibility and investment landscape for the cryptocurrency.

Risk Assessment

Risk Level: medium — The filing pertains to a new ETF for a volatile asset class (cryptocurrency), introducing market and regulatory risks.

Key Numbers

• 333-274767 — SEC File Number (Identifies this specific registration filing with the SEC.)
• 20240531 — Filing Date (Date the S-1/A amendment was submitted to the SEC.)

Key Players & Entities

• Invesco Galaxy Ethereum ETF (company) — Registrant
• 3500 Lacey Road, Suite 700, Downers Grove, IL 60515 (location) — Principal Executive Offices
• 800-983-0903 (phone_number) — Business Phone
• Delaware (location) — State of Incorporation
• Adam Henkel, Esq. (person) — Contact Person at Principal Executive Offices

FAQ

Key Financial Figures

• $1.235 billion — ny upon the earliest of (i) when it has $1.235 billion or more in annual revenues; (ii) when i
• $1.0 billion — of 1934; (iii) when it issues more than $1.0 billion of non-convertible debt over a three-ye

Filing Documents

• d470525ds1a.htm (S-1/A) — 869KB
• d470525dex32.htm (EX-3.2) — 170KB
• d470525dex102.htm (EX-10.2) — 122KB
• d470525dex103.htm (EX-10.3) — 52KB
• d470525dex104.htm (EX-10.4) — 324KB
• d470525dex105.htm (EX-10.5) — 148KB
• d470525dex106.htm (EX-10.6) — 161KB
• d470525dex107.htm (EX-10.7) — 69KB
• d470525dex108.htm (EX-10.8) — 41KB
• d470525dex109.htm (EX-10.9) — 53KB
• d470525dex1010.htm (EX-10.10) — 48KB
• d470525dexfilingfees.htm (EX-FILING FEES) — 30KB
• g470525dsp275.jpg (GRAPHIC) — 4KB
• g470525dsp356.jpg (GRAPHIC) — 3KB
• g470525g00m03.jpg (GRAPHIC) — 7KB
• g470525g00s87.jpg (GRAPHIC) — 47KB
• g470525g0530230709885.jpg (GRAPHIC) — 3KB
• filename19.htm (COVER) — 7KB
• 0001193125-24-151718.txt ( ) — 2182KB

RISK FACTORS

RISK FACTORS 11 ETHER AND THE ETHEREUM MARKET 44 THE TRUST 52 CALCULATION OF NAV 58 ADDITIONAL INFORMATION ABOUT THE TRUST 60 THE TRUSTS SERVICE PROVIDERS 63 CUSTODY OF THE TRUSTS ETHEREUM 66 FORM OF SHARES 69 TRANSFER OF SHARES 70 PLAN OF DISTRIBUTION 71 CREATION AND REDEMPTION OF SHARES 72

USE OF PROCEEDS

USE OF PROCEEDS 78 79 CONFLICTS OF INTEREST 79 DUTIES OF THE SPONSOR 79 LIABILITY AND INDEMNIFICATION 81 VOTING BY SHAREHOLDERS; MANAGEMENT 84 BOOKS AND RECORDS 87 87 FISCAL YEAR 87 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION 87 LEGAL MATTERS 88 EXPERTS 88 MATERIAL CONTRACTS 88 U.S. FEDERAL INCOME TAX CONSEQUENCES 88 PURCHASES BY EMPLOYEE BENEFIT PLANS 93 INFORMATION YOU SHOULD KNOW 94 WHERE YOU CAN FIND MORE INFORMATION 94 INVESCO CAPITAL MANAGEMENT LLC PRIVACY NOTICE 95 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 97 APPENDIX A GLOSSARY OF DEFINED TERMS A-1 -i- Table of Contents 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 (the U.S.). -ii- Table of Contents This Prospectus includes forward-looking statements that generally relate to future events or future performance. In some cases, you can identify forward-looking statements by terminology such as may, will, should, expect, plan, anticipate, believe, estimate, predict, potential or the negative of these terms or other comparable terminology. All statements (other than statements of historical fact) included in this Prospectus that address activities, events or developments that will or may occur in the f

View Full Filing

View this S-1/A filing on SEC EDGAR