21Shares Files S-1/A for Ethereum ETF

TL;DR

21Shares Core Ethereum ETF filed S-1/A amendment 4 on 6/21/24. Get ready for more ETH exposure.

AI Summary

21Shares Core Ethereum ETF filed an amendment (No. 4) to its S-1 registration statement on June 21, 2024. This filing, under registration number 333-274364, updates information for the ETF which is incorporated in Delaware. The ETF's business and mailing address is 477 Madison Avenue, New York, NY 10022, with a phone number of (646) 370-6016.

Why It Matters

This filing is a step in the process for the 21Shares Core Ethereum ETF to become publicly traded, potentially increasing accessibility to Ether for investors.

Risk Assessment

Risk Level: medium — The filing relates to an ETF focused on a volatile cryptocurrency (Ethereum), introducing inherent market risks.

Key Numbers

• 333-274364 — SEC Registration Number (Identifies the specific ETF registration with the SEC.)
• Amendment No. 4 — Amendment Number (Indicates this is the fourth update to the original filing.)

Key Players & Entities

• 21Shares Core Ethereum ETF (company) — Registrant
• June 21, 2024 (date) — Filing date of amendment
• 333-274364 (registration_number) — SEC registration number
• Delaware (jurisdiction) — State of incorporation
• 477 Madison Avenue, New York, NY 10022 (address) — Business and mailing address
• (646) 370-6016 (phone_number) — Business phone number
• Ark 21Shares Ethereum ETF (company) — Former company name
• 20230906 (date) — Date of name change

FAQ

Key Financial Figures

• $3,783.20 — CF Benchmarks Ltd., on May 23, 2024 was $3,783.20. The Sponsor served as the Seed Capita
• $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
• $340,739 — the Initial Seed Creation Baskets were $340,739. On June 18, 2024, the Trust purchased
• $434.3 billion — market capitalization of approximately $434.3 billion and represented approximately 16% of th

Filing Documents

• ea0205580-04.htm (S-1/A) — 1581KB
• ea020558004ex5-1_21shares.htm (EX-5.1) — 9KB
• ea020558004ex8-1_21shares.htm (EX-8.1) — 8KB
• ea020558004ex10-1_21shares.htm (EX-10.1) — 28KB
• ea020558004ex10-5_21shares.htm (EX-10.5) — 147KB
• ea020558004ex10-6_21shares.htm (EX-10.6) — 75KB
• ea020558004ex10-9_21shares.htm (EX-10.9) — 166KB
• ea020558004ex10-11_21shares.htm (EX-10.11) — 20KB
• ea020558004ex-fee_21shares.htm (EX-FILING FEES) — 43KB
• ex5-1_001.jpg (GRAPHIC) — 2KB
• ex8-1_001.jpg (GRAPHIC) — 2KB
• 0001213900-24-054719.txt ( ) — 2085KB

RISK FACTORS

RISK FACTORS   13 ETHER, ETHER MARKETS AND REGULATION OF ETHER   64 THE TRUST AND ETHER PRICES   71 NET ASSET VALUE DETERMINATIONS   75 ADDITIONAL INFORMATION ABOUT THE TRUST   78 THE TRUST’S SERVICE PROVIDERS   82 CUSTODY OF THE TRUST’S ASSETS   84 PRIME BROKER   86 FORM OF SHARES   90 TRANSFER OF SHARES   91 SEED CAPITAL INVESTOR   92 PLAN OF DISTRIBUTION   93 CREATION AND REDEMPTION OF SHARES   94

USE OF PROCEEDS

USE OF PROCEEDS   100   101 CONFLICTS OF INTEREST   102 DUTIES OF THE SPONSOR   104 LIABILITY AND INDEMNIFICATION   106 PROVISIONS OF LAW   108 MANAGEMENT; VOTING BY SHAREHOLDERS   109 BOOKS AND RECORDS   109   110 FISCAL YEAR   110 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION   110 LEGAL MATTERS   110 EXPERTS   110 OTHER MATERIAL CONTRACTS   111 UNITED STATES FEDERAL INCOME TAX CONSEQUENCES   115 PURCHASES BY EMPLOYEE BENEFIT PLANS   119 INFORMATION YOU SHOULD KNOW   120 SUMMARY OF PROMOTIONAL AND SALES MATERIAL   120 INTELLECTUAL PROPERTY   120 WHERE YOU CAN FIND MORE INFORMATION   121 PRIVACY POLICY   122 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