Shares of Beneficial Interest of 21Shares Ethereum ETF
- Symbol
- TETH
- Exchange
- CboeBZX
- Classification
- OTHER
- Status
- Current
Current Report · Items 1.02 · 8-K
21Shares Ethereum Staking ETF
Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. Benchmark Licensing Agreements On June 30, 2026, 21Shares US LLC (the “Sponsor”) provided notice to CF Benchmarks Ltd. (“CF Benchmarks”) of the termination, effective August 31, 2026, of the licensing agreement (the “Pricing Benchmark Licensing Agreement”) between the Sponsor and CF Benchmarks relating to the use of the CME CF Ether-Dollar…
Company context
21shares is one of the world’s leading cryptocurrency exchange traded product (ETP) providers and offers one of the largest suites of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21shares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto ETPs that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialized research team, proprietary technology, and deep capital markets expertise, 21shares delivers innovative, simple and cost-efficient investment solutions.
Current securities
Registered securities in this filing
21SHARES ETHEREUM ETF · 8-K · Filed 2026-07-07
Disclosure sections
Item 1.02Item 1.02 - Termination of Material Agreement
Item
1.02 Termination of a Material Definitive Agreement.
Benchmark
Licensing Agreements
On
June 30, 2026, 21Shares US LLC (the “Sponsor”) provided notice to CF Benchmarks Ltd. (“CF Benchmarks”) of the
termination, effective August 31, 2026, of the licensing agreement (the “Pricing Benchmark Licensing Agreement”) between
the Sponsor and CF Benchmarks relating to the use of the CME CF Ether-Dollar Reference Rate - New York Variant (the “Pricing
Benchmark”) by the Sponsor, 21Shares Ethereum ETF (the “Trust”), and their affiliates. Pursuant to the Pricing Benchmark
Licensing Agreement, CF Benchmarks provides each of the Sponsor, the Trust, and their affiliates a non-exclusive, non-transferable, non-sub-licensable,
perpetual, worldwide license to access, view and use the Pricing Benchmark to develop, create, calculate, settle, maintain or support
and market the Trust, with the Trust using the Pricing Benchmark pursuant to a sub-licensing arrangement with the Sponsor. The Pricing
Benchmark Licensing Agreement has a one-year initial term and automatically renews for successive one-year periods unless terminated
pursuant to its terms. The Pricing Benchmark is calculated and administered by CF Benchmarks and is used to value the Trust’s shares
on a daily basis and to calculate the Trust’s net asset value. CF Benchmarks is unaffiliated with the Sponsor. The Sponsor has elected
to terminate the Pricing Benchmark Licensing Agreement pursuant to its terms in connection with its broader transition to a new benchmark
provider, as further described below.
The
Sponsor intends to enter into a licensing agreement with FTSE International Limited (“FTSE”) on or about August 24, 2026
whereby FTSE will provide each of the Sponsor, the Trust, and their affiliates a non-exclusive, non-transferable, non-sub-licensable,
perpetual, worldwide license to access, view and use FTSE index data to develop, create, calculate, settle, maintain or support and market
the Trust. Such license is expected to have a one-year initial term and will automatically be renewed for successive one-year periods,
unless terminated pursuant to its terms.
FTSE
is a company incorporated and registered in England, and its principal offices are located at 10 Paternoster Square, London, EC4M 7LS,
United Kingdom. FTSE is experienced in calculating and administering digital asset indices. FTSE is unaffiliated with the Sponsor.