21Shares Core Ethereum ETF Files Q3 2024 Report
Ticker: TETH · Form: 10-Q · Filed: Nov 12, 2024 · CIK: 1992508
Sentiment: neutral
Topics: etf, ethereum, quarterly-report
TL;DR
21Shares ETH ETF filed its 10-Q for Q3 2024. All systems go.
AI Summary
21Shares Core Ethereum ETF filed its quarterly report for the period ending September 30, 2024. The ETF, formerly known as Ark 21Shares Ethereum ETF until September 6, 2023, is registered in Delaware and headquartered at 477 Madison Avenue, New York, NY. The filing covers its financial activities and operations as of the specified quarter.
Why It Matters
This filing provides investors and the market with an update on the performance and operational status of the 21Shares Core Ethereum ETF, crucial for understanding the ETF's position in the cryptocurrency market.
Risk Assessment
Risk Level: low — This is a standard quarterly filing providing routine financial and operational information for an ETF.
Key Players & Entities
- 21Shares Core Ethereum ETF (company) — Registrant
- September 30, 2024 (date) — Reporting period end date
- Ark 21Shares Ethereum ETF (company) — Former company name
- September 6, 2023 (date) — Date of name change
- 477 Madison Avenue, New York, NY (location) — Company address
FAQ
What is the exact reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended September 30, 2024.
What was the previous name of the 21Shares Core Ethereum ETF?
The previous name of the 21Shares Core Ethereum ETF was Ark 21Shares Ethereum ETF.
On what date did the company change its name?
The company changed its name on September 6, 2023.
In which state is the 21Shares Core Ethereum ETF incorporated?
The 21Shares Core Ethereum ETF is incorporated in Delaware.
What is the business address and phone number listed for the registrant?
The business address is 477 Madison Avenue, 6th Floor, New York, New York 10022, and the phone number is (646) 370-6016.
Filing Stats: 4,671 words · 19 min read · ~16 pages · Grade level 14.2 · Accepted 2024-11-12 16:01:29
Key Financial Figures
- $1.235 billion — ny" upon the earliest of: (i) it having $1.235 billion or more in annual revenues, (ii) at lea
- $700 million — more in annual revenues, (ii) at least $700 million in market value of Common Shares being
- $1.0 billion — -affiliates, (iii) it issuing more than $1.0 billion of non-convertible debt over a three-ye
Filing Documents
- ea0219498-10q_21shares.htm (10-Q) — 411KB
- ea021949801ex31-1_21shares.htm (EX-31.1) — 17KB
- ea021949801ex31-2_21shares.htm (EX-31.2) — 17KB
- ea021949801ex32-1_21shares.htm (EX-32.1) — 7KB
- ea021949801ex32-2_21shares.htm (EX-32.2) — 7KB
- 0001213900-24-096768.txt ( ) — 2314KB
- ceth-20240930.xsd (EX-101.SCH) — 21KB
- ceth-20240930_cal.xml (EX-101.CAL) — 12KB
- ceth-20240930_def.xml (EX-101.DEF) — 69KB
- ceth-20240930_lab.xml (EX-101.LAB) — 128KB
- ceth-20240930_pre.xml (EX-101.PRE) — 78KB
- ea0219498-10q_21shares_htm.xml (XML) — 291KB
Signatures
Signatures 2 1 i PART I – FINANCIAL INFORMATION Item 1. Financial Statements (Unaudited) 21SHARES CORE ETHEREUM ETF OF ASSETS AND LIABILITIES September 30, 2024* (Unaudited) Assets Investment in ether, at fair value (cost $ 15,805,033 ) $ 12,582,986 Total assets 12,582,986 Liabilities Total liabilities $ – Net assets $ 12,582,986 Net assets consist of Paid-in-capital $ 15,805,033 Accumulated earnings (loss) ( 3,222,047 ) $ 12,582,986 Shares issued and outstanding, no par value, unlimited amount authorized 970,000 Net asset value per share $ 12.97 * No comparative statement has been provided as this is the first fiscal year of the Trust's operations. The accompanying notes are an integral part of the Financial Statements. 1 21SHARES CORE ETHEREUM ETF SCHEDULE OF INVESTMENT September 30, 2024* (Unaudited) Quantity of ether Cost Fair Value % of Net Assets Investment in ether 4,850.0000 $ 15,805,033 $ 12,582,986 100.00 % Total investments $ 15,805,033 $ 12,582,986 100.00 % Liabilities in excess of other assets – 0.00 % Net assets $ 12,582,986 100.00 % * No comparative period presented as the Trust did not hold any ether as of December 31, 2023. The accompanying notes are an integral part of the Financial Statements. 2 21SHARES CORE ETHEREUM ETF OF OPERATIONS For the three months ended September 30, 2024* For the period May 1, 2024 (date of initial seeding) through September 30, 2024* (Unaudited) (Unaudited) Expenses Sponsor's fee $ 3,777 $ 3,777 Total expenses 3,777 3,777 Less waiver and reimbursement ( 3,777 ) ( 3,777 ) Net expenses – – Net investment loss – – Realized and change in unrealized gain (loss) Net realized gain (loss) on investment in ether – – Net change in unrealized appreciation (depreciation) on investment in ether ( 3,223,608 ) ( 3,222,047 ) Net realized and change in unrealized gain (loss) ( 3,22