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21Shares Expands its US Product Lineup with the Launch of the 21Shares Core Ethereum ETF—CETH
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NEW YORK, July 23, 2024 – 21Shares US LLC ("21Shares"), an affiliate of 21Shares AG, one of the world’s largest issuers of crypto exchange traded funds (ETFs), today announced the launch of the 21Shares Core Ethereum ETF (CETH). CETH is not a fund registered under the Investment Company Act of 1940, as amended (“1940 Act”), and is not subject to regulation under the 1940 Act, unlike most exchange traded products or ETFs. CETH is subject to significant risk and heightened volatility. The fund is not suitable for all investors.With a total expense ratio (TER) of 0.21%, CETH’s investment objective is to seek to track the performance of Ether (ETH), the second-largest crypto asset by market capitalization. In addition, CETH represents 21Shares’ latest addition to its growing lineup of US products and underscores the firm’s growth and commitment to the US market. Ethereum is a decentralized smart-contract platform that revolutionized the world of blockchain. ETH, the native crypto asset of...
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