Item 5. Market for Registrant’s Common Equity
ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
The Shares began trading on the Cboe BZX Inc. on July 23, 2024 under the symbol “QETH.”
Holders
As of January 31, 2025, the Trust had 44 holders of record of its Shares.
Sales of Unregistered Securities and Use of Proceeds of Registered Securities
In connection with the Trust’s launch, the Trust was seeded with $100,000 on June 17, 2024 through the sale of 4,000 Shares (“Initial Seed Shares”) by the Trust to Invesco Ltd., an affiliate of its Sponsor. On July 9, 2024, Invesco Ltd. redeemed all of its Initial Seed Shares for cash at a per-Share price of $25.00 for a total redemption value of $100,000. At the same time on July 9, 2024, Invesco Ltd. created 3,000 shares at a price of $30.042 per Share based on the Lukka Prime Ethereum Reference Rate (the “Benchmark”) price as of 4:00 p.m. Eastern Time on July 8, 2024.
Although the Trust did not redeem Shares directly from its Shareholders, the Trust redeemed Creation Units from Authorized Participants during the three months ended December 31, 2024 as follows:
Period of Redemption
Total Number
of Shares
Redeemed
Average Price
Paid per
Share
October 1, 2024 to October 31, 2024
—
$
—
November 1, 2024 to November 30, 2024
35,000
33.20
December 1, 2024 to December 31, 2024
270,000
35.51
Total
305,000
$
35.24
ITEM 6. RESERVED.
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