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 are listed on the
Exchange under the symbol “CETH” and have been listed since July 23, 2024.
Holders
As of December 31, 2024, there
were approximately 2 DTC participating shareholders of record of the Trust. Because most of the Trust’s Shares are held by brokers
and other institutions on behalf of shareholders, we are unable to estimate the total number of shareholders represented by these record holders.
Sales of Unregistered
Securities and Use of Proceeds of Registered Securities
On June 18, 2024, 21Shares
US LLC, in its capacity as Seed Capital Investor, purchased the Seed Creation Baskets comprising 20,000 Shares (the “Seed Creation
Baskets”). The total proceeds to the Trust from the sale of the Seed Creation Baskets were $340,739.
The Trust does not purchase
Shares directly from its Shareholders. In connection with the Trust’s redemption of Creation Baskets held by Authorized Participants,
the Trust redeemed 80 Creation Baskets (comprising 800,000 Shares) during the quarter ended December 31, 2024. The following table summarizes
the redemptions by Authorized Participants during the period:
Period
Total Shares Redeemed
Average Price Per Share
Maximum
number of
shares that
may yet be
purchased
October 1, 2024 - October 31, 2024
-
$ -
N/A
November 1, 2024 - November 30, 2024
240,000
$ 16.80
N/A
December 1, 2024 - December 31, 2024
560,000
$ 19.78
N/A
Item 6. [Reserved]
61
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.