On July 8, 2024, 21Shares Core Ethereum ETF submitted an amended S-1/A registration statement to the U.S. Securities and Exchange Commission (SEC). This filing is a significant step towards the launch of a new Ethereum-focused exchange-traded fund (ETF), designed to provide investors with direct exposure to Ethereum (ETH), the second-largest cryptocurrency by market capitalization.
Key Details of the Filing
The filing, listed under CIK number 0001992508, outlines the legal framework and structure of the proposed ETF. Notably, the amendment includes an opinion from Dechert LLP, confirming the legality of the offering. This legal endorsement is crucial as it reassures potential investors about the regulatory compliance of the ETF.
