As of June 30, 2024, the 21Shares Core Ethereum ETF reported total assets of $401,541, with net assets amounting to $342,300. The ETF holds an investment in 100 ether, valued at $342,300, reflecting a cost basis of $340,739. Cash holdings were recorded at $59,241, and total liabilities matched this amount, resulting in net assets of $342,300. The net asset value (NAV) per share increased from $17.04 at the beginning of the period to $17.12 by the end, indicating a total return of 0.47%.

During the period from May 1, 2024, to June 30, 2024, the ETF experienced a net change in unrealized appreciation on its investment in ether of $1,561, which contributed to a net increase in net assets resulting from operations of the same amount. The price of ether rose significantly during this timeframe, from $2,922.53 per ether to $3,423.00 per ether.

The ETF was formed on September 5, 2023, and began trading on the Cboe BZX Exchange under the ticker symbol "CETH" on July 23, 2024. The initial seed capital investment was made by the Sponsor, 21Shares US LLC, which purchased 2 shares at $50.00 each on May 1, 2024, totaling $100. Subsequently, on June 18, 2024, the Sponsor purchased 20,000 shares, generating proceeds of $340,739, which facilitated the acquisition of ether.

The Trust operates under a unitary Sponsor Fee structure of 0.21% of its ether holdings, which is waived for the first six months or until the Trust's assets reach $500 million. The Sponsor is responsible for covering ordinary operating expenses, including legal fees capped at $100,000 per annum. As of June 30, 2024, the Trust had a liability of $59,235 to the Sponsor for residual cash from the Seed Capital Purchase.

No comparative period was presented in the filing, as the Trust did not hold any ether as of December 31, 2023. The Trust is treated as a "grantor trust" for U.S. federal income tax purposes, with no income tax provision required in its financial statements. There have been no material changes in risk factors or legal proceedings since the Trust's Registration Statement was declared effective on July 22, 2024.