21Shares Ethereum ETF Files S-1/A Amendment

TL;DR

21Shares Ethereum ETF just filed an S-1/A amendment. Looks like they're still pushing for listing.

AI Summary

21Shares Core Ethereum ETF filed an S-1/A amendment on May 31, 2024, for its registration statement. The ETF, previously known as Ark 21Shares Ethereum ETF, is incorporated in Delaware and has its principal office at 477 Madison Avenue, New York, NY 10022. This filing is an amendment to their initial registration under the Securities Act of 1933, with SEC file number 333-274364.

Why It Matters

This filing indicates progress in the regulatory process for the 21Shares Core Ethereum ETF, potentially paving the way for its trading on public markets.

Risk Assessment

Risk Level: medium — The filing is an amendment to a registration statement for an ETF, which involves regulatory processes and market acceptance risks inherent in new financial products.

Key Numbers

• 333-274364 — SEC File Number (Identifies the specific registration filing with the SEC.)
• 20240531 — Filing Date (The date the amendment was officially submitted to the SEC.)

Key Players & Entities

• 21Shares Core Ethereum ETF (company) — Registrant
• Ark 21Shares Ethereum ETF (company) — Former company name
• May 31, 2024 (date) — Filing date
• 333-274364 (dollar_amount) — SEC File Number
• 477 Madison Avenue, New York, NY 10022 (company) — Business Address

FAQ

Key Financial Figures

• $3,783.20 — CF Benchmarks Ltd., on May 23, 2024 was $3,783.20.   Table of Contents The Spo
• $50.00 — ising 2 Shares at a per -Share price of $50.00 as described in “ Seed Capital I
• $100 — ale of these Seed Creation Baskets were $100. Delivery of the Seed Creation Baskets
• $434.3 billion — market capitalization of approximately $434.3 billion and represented approximately 16% of th

Filing Documents

• ea0205580-03.htm (S-1/A) — 1532KB
• ea020558003ex3-1_21shares.htm (EX-3.1) — 23KB
• ea020558003ex3-2_21shares.htm (EX-3.2) — 287KB
• ea020558003ex3-3_21shares.htm (EX-3.3) — 4KB
• ea020558003ex3-4_21shares.htm (EX-3.4) — 5KB
• ea020558003ex10-1_21shares.htm (EX-10.1) — 29KB
• ea020558003ex10-2_21shares.htm (EX-10.2) — 126KB
• ea020558003ex10-3_21shares.htm (EX-10.3) — 257KB
• ea020558003ex10-5_21shares.htm (EX-10.5) — 148KB
• ea020558003ex10-6_21shares.htm (EX-10.6) — 77KB
• ea020558003ex10-7_21shares.htm (EX-10.7) — 90KB
• ea020558003ex10-8_21shares.htm (EX-10.8) — 74KB
• ea020558003ex10-9_21shares.htm (EX-10.9) — 144KB
• ea020558003ex23-1_21shares.htm (EX-23.1) — 2KB
• ea020558003ex-fee_21shares.htm (EX-FILING FEES) — 42KB
• ex10-5_001.jpg (GRAPHIC) — 6KB
• ex10-6_001.jpg (GRAPHIC) — 7KB
• ex10-9_001.jpg (GRAPHIC) — 6KB
• 0001213900-24-048513.txt ( ) — 2869KB

RISK FACTORS

RISK FACTORS   14 ETHER, ETHER MARKETS AND REGULATION OF ETHER   61 THE TRUST AND ETHER PRICES   68 NET ASSET VALUE DETERMINATIONS   72 ADDITIONAL INFORMATION ABOUT THE TRUST   75 THE TRUST’S SERVICE PROVIDERS   79 CUSTODY OF THE TRUST’S ASSETS   81 FORM OF SHARES   87 TRANSFER OF SHARES   88 PLAN OF DISTRIBUTION   90 CREATION AND REDEMPTION OF SHARES   91

USE OF PROCEEDS

USE OF PROCEEDS   97   98 CONFLICTS OF INTEREST   99 DUTIES OF THE SPONSOR   101 LIABILITY AND INDEMNIFICATION   103 PROVISIONS OF LAW   105 MANAGEMENT; VOTING BY SHAREHOLDERS   106 BOOKS AND RECORDS   106   107 FISCAL YEAR   107 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION   107 LEGAL MATTERS   107 EXPERTS   107 MATERIAL CONTRACTS   108 UNITED STATES FEDERAL INCOME TAX CONSEQUENCES   112 PURCHASES BY EMPLOYEE BENEFIT PLANS   116 INFORMATION YOU SHOULD KNOW   117 SUMMARY OF PROMOTIONAL AND SALES MATERIAL   117 INTELLECTUAL PROPERTY   117 WHERE YOU CAN FIND MORE INFORMATION   118 PRIVACY POLICY   119 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM   F-2 APPENDIX A   A-1

INFORMATION NOT REQUIRED IN PROSPECTUS

PART II INFORMATION NOT REQUIRED IN PROSPECTUS   II-1 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 25 calendar days after the date of this prospectus, 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. i 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,” “intend,” “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 future, including such matters as movements in the digital asset markets and indexes that track such movements, the Trust’s operations, the

View Full Filing

View this S-1/A filing on SEC EDGAR