21Shares Core Ethereum ETF Files 8-K
Ticker: TETH · Form: 8-K · Filed: Sep 12, 2024 · CIK: 1992508
Sentiment: neutral
Topics: etf, filing, ethereum
TL;DR
21Shares Ethereum ETF filed an 8-K on Sept 12, 2024, reporting a material agreement.
AI Summary
On September 12, 2024, 21Shares Core Ethereum ETF filed an 8-K report. The filing indicates an entry into a material definitive agreement and includes financial statements and exhibits. The ETF, previously known as Ark 21Shares Ethereum ETF, is incorporated in Delaware and has its principal executive offices at 477 Madison Avenue, New York, NY.
Why It Matters
This 8-K filing signals a significant corporate event or agreement for the 21Shares Core Ethereum ETF, potentially impacting its operations or financial structure.
Risk Assessment
Risk Level: low — This is a routine regulatory filing for an ETF, not indicating immediate financial distress or significant operational changes.
Key Players & Entities
- 21Shares Core Ethereum ETF (company) — Registrant
- Ark 21Shares Ethereum ETF (company) — Former Name
- September 12, 2024 (date) — Date of earliest event reported
- 477 Madison Avenue, New York, NY 10022 (location) — Principal executive offices
FAQ
What is the specific nature of the material definitive agreement entered into by 21Shares Core Ethereum ETF?
The filing does not specify the details of the material definitive agreement, only that an entry into one is being reported.
When was the name of the ETF officially changed from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF?
The filing mentions the former name 'Ark 21Shares Ethereum ETF' but does not provide the exact date of the name change, only that it occurred prior to the current filing.
What is the primary purpose of filing an 8-K report for 21Shares Core Ethereum ETF?
An 8-K report is filed to announce major corporate events that shareholders should be aware of, such as the entry into a material definitive agreement or the filing of financial statements and exhibits.
Where are the principal executive offices of the 21Shares Core Ethereum ETF located?
The principal executive offices of the 21Shares Core Ethereum ETF are located at 477 Madison Avenue, 6th Floor, New York, New York 10022.
What is the Commission File Number for the 21Shares Core Ethereum ETF?
The Commission File Number for the 21Shares Core Ethereum ETF is 001-42151.
Filing Stats: 947 words · 4 min read · ~3 pages · Grade level 14.3 · Accepted 2024-09-12 09:00:10
Filing Documents
- ea021367701-8k_21shares.htm (8-K) — 31KB
- ea021367701ex10-1_21shares.htm (EX-10.1) — 215KB
- ea021367701ex10-2_21shares.htm (EX-10.2) — 224KB
- ex10-2_001.jpg (GRAPHIC) — 14KB
- 0001213900-24-077940.txt ( ) — 759KB
- ceth-20240912.xsd (EX-101.SCH) — 3KB
- ceth-20240912_lab.xml (EX-101.LAB) — 33KB
- ceth-20240912_pre.xml (EX-101.PRE) — 22KB
- ea021367701-8k_21shares_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On September 11, 2024, 21Shares Core Ethereum ETF (the "Trust") entered into separate custodial services agreements (each, an "Agreement" and, collectively, including the agreement with Coinbase Custody Trust Company, LLC ("Coinbase") where the context may require, the "Agreements") with each of (i) BitGo New York Trust Company, LLC ("BitGo"), a New York Trust Company and (ii) Anchorage Digital Bank N.A. ("Anchorage") a South Dakota chartered Trust Company and a federally chartered crypto bank (each, including Coinbase where the context may require, a "Custodian" and, collectively with Coinbase, where the context may require, the "Custodians"). Pursuant to the Agreements, the Custodians will establish and maintain one or more segregated custody accounts, controlled and secured by Custodian, on its books for the receipt, safekeeping, and maintenance of the Trust's ether holdings. The Agreements require the Trust to indemnify the respective Custodians and certain of their affiliates and services providers against certain losses arising or related to the Trust's use of the services, breach of an Agreement or violation of applicable law. The Agreements also require the Custodians to maintain reasonable insurance policies and coverage. The Agreements each commenced on September 11, 2024, and will continue for one (1) year, unless earlier terminated in accordance with the terms of each Agreement. After the initial term, the Agreements will automatically renew for successive renewal terms, as established in each Agreement, unless either party notifies the other of its intention not to renew with prior notice. The sponsor of the Trust, 21Shares US LLC (the "Sponsor"), expects to utilize the Custodian's services to custody a portion of the Trust's ether beginning on or about the date of the Agreements. The Trust's existing custody arrangement with Coinbase is unaffected by the entry into the each of the Agreements. The
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits 10.1 BitGo Custodial Services Agreement 10.2 Anchorage Custodial Services Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: September 12, 2024 21SHARES CORE ETHEREUM ETF 21Shares US LLC, as Sponsor of the 21Shares Core Ethereum ETF By: /s/ Ophelia Snyder Name Ophelia Snyder Title: President 2