21Shares Amends Ethereum ETF Filing
Ticker: TETH · Form: S-1/A · Filed: Jul 8, 2024 · CIK: 1992508
Sentiment: neutral
Topics: etf, ethereum, sec-filing, amendment
TL;DR
21Shares just updated its Ethereum ETF filing (S-1/A). Keep an eye on this one.
AI Summary
21Shares Core Ethereum ETF filed an S-1/A amendment on July 8, 2024, for its registration statement. This filing, with SEC file number 333-274364, updates information regarding the proposed exchange-traded fund focused on Ethereum. The company's business address is 477 Madison Avenue, New York, NY 10022.
Why It Matters
This amendment provides updated regulatory information for the 21Shares Core Ethereum ETF, which could impact its potential launch and trading on exchanges.
Risk Assessment
Risk Level: medium — The filing relates to a new ETF, which involves market volatility and regulatory uncertainties inherent in cryptocurrency investments.
Key Numbers
- 333-274364 — SEC File Number (Identifies the specific registration filing with the SEC.)
- 20240708 — Filing Date (Indicates the date the amendment was submitted to the SEC.)
Key Players & Entities
- 21Shares Core Ethereum ETF (company) — Registrant of the S-1/A filing
- 333-274364 (dollar_amount) — SEC File Number for the registration statement
- July 8, 2024 (date) — Date of the S-1/A filing
- 477 Madison Avenue, New York, NY 10022 (company) — Business address of the registrant
- Ark 21Shares Ethereum ETF (company) — Former name of the registrant
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 filed by 21Shares Core Ethereum ETF to update information for the proposed ETF.
What is the SEC file number associated with this registration?
The SEC file number is 333-274364.
When was this amendment filed?
The amendment was filed on July 8, 2024.
What was the former name of the registrant?
The former name was Ark 21Shares Ethereum ETF, with a date of name change on September 6, 2023.
Where is the principal business address of the 21Shares Core Ethereum ETF?
The business address is 477 Madison Avenue, New York, NY 10022.
Filing Stats: 4,106 words · 16 min read · ~14 pages · Grade level 15 · Accepted 2024-07-08 14:21:33
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
- $405.1 billion — market capitalization of approximately $405.1 billion and represented approximately 16.6% of
Filing Documents
- ea0205580-06.htm (S-1/A) — 1607KB
- ea020558006ex23-1_21shares.htm (EX-23.1) — 3KB
- ea020558006ex-fee_21shares.htm (EX-FILING FEES) — 34KB
- ex23-1_001.jpg (GRAPHIC) — 4KB
- ex23-1_002.jpg (GRAPHIC) — 3KB
- 0001213900-24-059773.txt ( ) — 1655KB
RISK FACTORS
RISK FACTORS   13 ETHER, ETHER MARKETS AND REGULATION OF ETHER   64 THE TRUST AND ETHER PRICES   73 NET ASSET VALUE DETERMINATIONS   77 ADDITIONAL INFORMATION ABOUT THE TRUST   80 THE TRUST’S SERVICE PROVIDERS   84 CUSTODY OF THE TRUST’S ASSETS   86 PRIME BROKER   88 FORM OF SHARES   92 TRANSFER OF SHARES   93 SEED CAPITAL INVESTOR   94 PLAN OF DISTRIBUTION   95 CREATION AND REDEMPTION OF SHARES   96
USE OF PROCEEDS
USE OF PROCEEDS   102   103 CONFLICTS OF INTEREST   104 DUTIES OF THE SPONSOR   106 LIABILITY AND INDEMNIFICATION   108 PROVISIONS OF LAW   110 MANAGEMENT; VOTING BY SHAREHOLDERS   111 BOOKS AND RECORDS   111   112 FISCAL YEAR   112 GOVERNING LAW; CONSENT TO DELAWARE JURISDICTION   112 LEGAL MATTERS   112 EXPERTS   112 OTHER MATERIAL CONTRACTS   113 UNITED STATES FEDERAL INCOME TAX CONSEQUENCES   117 PURCHASES BY EMPLOYEE BENEFIT PLANS   121 INFORMATION YOU SHOULD KNOW   122 SUMMARY OF PROMOTIONAL AND SALES MATERIAL   122 INTELLECTUAL PROPERTY   122 WHERE YOU CAN FIND MORE INFORMATION   123 PRIVACY POLICY   124 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