The 21Shares Ethereum ETF, known by the symbol TETH, endeavors to replicate Ether's spot price, net of its operational costs and financial obligations. It offers a streamlined entry point to Ether ownership, bypassing the typical intricacies of directly purchasing, securing, and trading the cryptocurrency on an open spot market. The fund's underlying Ether assets are primarily safeguarded in 'cold storage,' a robust security measure where the private keys controlling access to these assets are generated and stored offline. However, some of the trust's assets may periodically reside in 'hot' online trading wallets. The value of these holdings is determined daily using the CME CF Ether-Dollar Reference Rate, which consolidates transaction data from six distinct Ether exchanges. This rate serves as a singular, daily benchmark for Ether's USD price, set at 4:00 pm ET. Initially, at its launch, the issuer temporarily reduced a portion of the fee. Investors should carefully evaluate the fund's expense ratio and its tracking performance for effective comparison. Before August 28, 2025, the fund traded under the ticker CETH, and the term 'core' was subsequently eliminated from its official designation.

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21Shares Ethereum ETF

The 21Shares Core Ethereum ETF is an exchange-traded fund that seeks to track the performance of ether. Effective August 28, 2025, the fund was renamed to 21Shares Ethereum ETF and the ticker changed from CETH to TETH. The Trust's investment objective is to track the performance of ether, as measured by the performance of the CME CF Ether-Dollar Reference Rate — New York Variant, adjusted for the Trust's expenses and other liabilities.

TETH Holdings & Sector Breakdown