Dechert Advises 21Shares on Launch of Inaugural Ethereum ETP

Dechert has advised 21Shares on the launch of 21Shares Core Ethereum ETF (CETH), their inaugural Ethereum exchange-traded product. 21Shares is a leading issuer of crypto exchange-traded products and developer of blockchain technology.

CETH's investment objective is to seek to track the performance of Ether, the native crypto asset on the Ethereum blockchain and the second-largest crypto asset by market capitalization. CETH allows investors the ability to gain exposure to Ether through their existing bank or brokerage rather than by holding Ether directly.

Since its inception, 21Shares has a track record of advancing innovative crypto asset products, creating a bridge for investors between traditional finance and decentralized finance, and CETH represents 21Shares' latest addition to its growing lineup of U.S. products and underscores their growth and commitment to the U.S. market.

The Dechert team that advised 21Shares included financial services partners Allison Fumai and Neel Maitra, associates Samuel Scarritt-Selman, Sergio Delatorre and Jannet Jassi; corporate partner Anna Tomczyk; and global tax partner Joseph Riley.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital - from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.