21Shares Ethereum Staking ETF

21Shares Ethereum ETF is an exchange-traded fund that issues common shares of beneficial interest listed on the Cboe BZX Exchange. The trust seeks to track the performance of ether, as measured by the CME CF Ether-Dollar Reference Rate - New York Variant, adjusted for expenses and liabilities, while potentially reflecting rewards from staking ether. The trust holds ether directly and issues or redeems shares in blocks of 10,000 through authorized participants, who are registered broker-dealers executing orders in cash or in-kind.

The trust is organized as a Delaware statutory trust and maintains its primary executive offices in New York, New York. It is sponsored and managed by 21Shares US LLC, with custody of ether distributed across several specialized custodians and cash custody handled by The Bank of New York Mellon. The trust operates without commercial facilities or retail locations, functioning solely as a passive investment vehicle.

Summary of the business section of 21Shares Ethereum Staking ETF's latest annual report, written by StockData.