21Shares Files S-1 for Core Solana ETF

TL;DR

21Shares just filed for a Solana ETF, get ready for crypto exposure.

AI Summary

Jura Pentium Trust 1, also known as 21Shares Core Solana ETF, filed an S-1 registration statement with the SEC on June 28, 2024. The ETF, incorporated in Delaware, aims to offer shares of the Solana cryptocurrency. Its principal executive offices are located at 477 Madison Avenue, New York, NY.

Why It Matters

This filing indicates a step towards making Solana-based investments more accessible to the public through a regulated ETF structure.

Risk Assessment

Risk Level: medium — The filing is for a cryptocurrency-related ETF, which carries inherent volatility and regulatory risks associated with digital assets.

Key Numbers

• 333-280557 — SEC File Number (Identifies the specific registration statement with the SEC.)
• 0002028834 — Central Index Key (Unique identifier for the filer in the SEC's system.)

Key Players & Entities

• Jura Pentium Trust 1 (company) — Registrant name
• 21Shares Core Solana ETF (company) — ETF name
• SEC (company) — Regulatory body
• June 28, 2024 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation
• 477 Madison Avenue, New York, New York 10022 (address) — Principal executive offices
• Ophelia Snyder (person) — Agent for service
• Allison M. Fumai, Esq. (person) — Legal counsel
• Dechert LLP (company) — Legal firm

FAQ

Key Financial Figures

• $50.00 — rising 2 Shares at a per-Share price of $50.00 as described in “ Seed Capital In
• $100 — ale of these Seed Creation Baskets were $100. Delivery of the Seed Creation Baskets
• $84 billion — market capitalization of approximately [$84 billion] and represented approximately [ ]% of

Filing Documents

• ea0208625-s1_21shares.htm (S-1) — 1011KB
• ea020862501ex3-1_21shares.htm (EX-3.1) — 26KB
• ea020862501ex3-3_21shares.htm (EX-3.3) — 8KB
• ea020862501ex3-4_21shares.htm (EX-3.4) — 6KB
• ea020862501ex-fee_21shares.htm (EX-FILING FEES) — 37KB
• 0001213900-24-057001.txt ( ) — 1090KB

RISK FACTORS

RISK FACTORS 17 SOL, SOL MARKETS AND REGULATION OF SOL 74 THE TRUST AND SOL PRICES 80 NET ASSET VALUE DETERMINATIONS 81 ADDITIONAL INFORMATION ABOUT THE TRUST 85 THE TRUST’S SERVICE PROVIDERS 89 CUSTODY OF THE TRUST’S ASSETS 91 FORM OF SHARES 99 TRANSFER OF SHARES 100 PLAN OF DISTRIBUTION 101 CREATION AND REDEMPTION OF SHARES 103

USE OF PROCEEDS

USE OF PROCEEDS 110 110 CONFLICTS OF INTEREST 111 DUTIES OF THE SPONSOR 113 LIABILITY AND INDEMNIFICATION 115 PROVISIONS OF LAW 118 MANAGEMENT; VOTING BY SHAREHOLDERS 118 BOOKS AND RECORDS 119 119 FISCAL YEAR 120 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION 120 LEGAL MATTERS 120 EXPERTS 120 MATERIAL CONTRACTS 121 UNITED STATES FEDERAL INCOME TAX CONSEQUENCES 123 PURCHASES BY EMPLOYEE BENEFIT PLANS 128 INFORMATION YOU SHOULD KNOW 129 SUMMARY OF PROMOTIONAL AND SALES MATERIAL 129 INTELLECTUAL PROPERTY 130 WHERE YOU CAN FIND MORE INFORMATION 130 PRIVACY POLICY 131 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 -i- 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. REGARDING FORWARD-LOOKING STATEMENTS 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 Sponsor’s plans and references to the Trust’s future suc

View Full Filing

View this S-1 filing on SEC EDGAR