21Shares Ethereum ETF is overhauling its pricing benchmark arrangements, planning to license FTSE index data on or about Aug 24, 2026 while terminating its existing CF Benchmarks license effective Aug 31, 2026. The trust currently uses the CME CF Ether-Dollar Reference Rate — New York Variant from CF Benchmarks to value shares and calculate NAV. Management says the change aligns with a broader transition to a new, unaffiliated benchmark provider with experience in digital asset indices.
New agreement details:
- Agreement type: Benchmark/index data licensing agreement
- Counterparty: FTSE
- Signed / Effective: Aug 24 2026 / same
- Duration / Termination: One-year initial term; auto-renews yearly
- Reason: Switch to new benchmark provider
Terminated agreement details:
- Agreement terminated: Pricing benchmark licensing agreement
- Counterparty: CF Benchmarks
- Original agreement date: N/A
- Termination date: Aug 31 2026
- Termination type: Early
- Exit fees / payments: N/A
- Reason: Transition to a new benchmark provider
Original SEC Filing:
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