21Shares Ethereum ETF Amends SEC Filing
Ticker: TETH · Form: S-1/A · Filed: Jul 17, 2024 · CIK: 1992508
Sentiment: neutral
Topics: etf, ethereum, sec-filing, amendment
TL;DR
21Shares Core ETH ETF filed an S-1/A amendment on 7/17/24. Formerly Ark 21Shares ETH ETF.
AI Summary
21Shares Core Ethereum ETF filed an S-1/A amendment on July 17, 2024, for its registration statement. This filing, under registration number 333-274364, updates information for the ETF, which was formerly known as Ark 21Shares Ethereum ETF until a name change on September 6, 2023. The ETF is incorporated in Delaware and its business operations are based at 477 Madison Avenue, New York, NY 10022.
Why It Matters
This amendment to the S-1/A filing provides updated information for investors and the SEC regarding the 21Shares Core Ethereum ETF, reflecting ongoing regulatory compliance and potential changes in the fund's structure or operations.
Risk Assessment
Risk Level: medium — Amendments to S-1/A filings can indicate changes or updates to a company's registration, which may introduce new risks or clarify existing ones for investors.
Key Numbers
- 333-274364 — SEC Registration Number (Identifies the specific registration for the ETF.)
- 20240717 — Filing Date (The date the S-1/A amendment was filed with the SEC.)
Key Players & Entities
- 21Shares Core Ethereum ETF (company) — Registrant
- 333-274364 (dollar_amount) — SEC Registration Number
- July 17, 2024 (date) — Filing Date
- Ark 21Shares Ethereum ETF (company) — Former Company Name
- September 6, 2023 (date) — Date of Name Change
- 477 Madison Avenue, New York, NY 10022 (company) — Business Address
FAQ
What is the purpose of this S-1/A filing?
This is an amendment (Amendment No. 6) to the Form S-1 Registration Statement for the 21Shares Core Ethereum ETF, updating information filed with the SEC.
When was the 21Shares Core Ethereum ETF previously known by another name?
The ETF was formerly known as Ark 21Shares Ethereum ETF until a name change on September 6, 2023.
What is the SEC registration number for this filing?
The SEC registration number is 333-274364.
Where is the 21Shares Core Ethereum ETF incorporated?
The ETF is incorporated in Delaware.
What is the business address of the registrant?
The business address is 477 Madison Avenue, New York, NY 10022.
Filing Stats: 4,108 words · 16 min read · ~14 pages · Grade level 15 · Accepted 2024-07-17 10:01:44
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
- ea0205580-08.htm (S-1/A) — 1605KB
- ea020558008ex10-1_21shares.htm (EX-10.1) — 28KB
- 0001213900-24-061973.txt ( ) — 1634KB
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