Risk factors

21Shares Ethereum Staking ETF (TETH) risk factors

Item 1A of every 21Shares Ethereum Staking ETF 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

  • FY2025 10-K risk factors
    107 risks15 new4 dropped15 reworded

    The Trust added operational risks around its new ether staking program, including third-party providers, slashing penalties, tax implications, and liquidity management.

    Filed Mar 31, 2026
  • FY2024 10-K risk factors
    96 risks

    The Trust holds ether with a $401 billion market cap, exposed to proof-of-stake migration risks and regulatory limitations on staking activities. Spot markets for ether remain largely unregulated and susceptible to security breaches, fraud, wash trading, and front-running. The Trust depends heavily on third-party custodians, prime brokers, and authorized participants with limited alternatives.

    Filed Mar 26, 2025