Form 8-K

8-K — 21Shares Ethereum ETF

Accession: 0001213900-26-075978

Filed: 2026-07-07

Period: 2026-06-30

CIK: 0001992508

SIC: 6221 ()

Item: Termination of a Material Definitive Agreement

Documents

8-K — ea0296653-8k_21sharesethe.htm (Primary)

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8-K — CURRENT REPORT

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2026-06-30

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date

of Report (Date of earliest event reported): June 30, 2026

21SHARES

ETHEREUM ETF

(Exact

name of registrant as specified in its charter)

Delaware

001-42151

93-6828290

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

158

W. 27th Street

New

York, New York

10001

(Address of principal executive

offices)

(zip code)

Registrant’s

telephone number, including area code: (646) 370-6016

(Former

Name or Former Address, if Changed Since Last Report.)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written communications

pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant

to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications

pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications

pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Exchange Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Shares of Beneficial Interest

of 21Shares Ethereum ETF

TETH

Cboe BZX Exchange, Inc.

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging

growth company ☒

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

1.02 Termination of a Material Definitive Agreement.

Benchmark

Licensing Agreements

June 30, 2026, 21Shares US LLC (the “Sponsor”) provided notice to CF Benchmarks Ltd. (“CF Benchmarks”) of the

termination, effective August 31, 2026, of the licensing agreement (the “Pricing Benchmark Licensing Agreement”) between

the Sponsor and CF Benchmarks relating to the use of the CME CF Ether-Dollar Reference Rate — New York Variant (the “Pricing

Benchmark”) by the Sponsor, 21Shares Ethereum ETF (the “Trust”), and their affiliates. Pursuant to the Pricing Benchmark

Licensing Agreement, CF Benchmarks provides each of the Sponsor, the Trust, and their affiliates a non-exclusive, non-transferable, non-sub-licensable,

perpetual, worldwide license to access, view and use the Pricing Benchmark to develop, create, calculate, settle, maintain or support

and market the Trust, with the Trust using the Pricing Benchmark pursuant to a sub-licensing arrangement with the Sponsor. The Pricing

Benchmark Licensing Agreement has a one-year initial term and automatically renews for successive one-year periods unless terminated

pursuant to its terms. The Pricing Benchmark is calculated and administered by CF Benchmarks and is used to value the Trust’s shares

on a daily basis and to calculate the Trust’s net asset value. CF Benchmarks is unaffiliated with the Sponsor. The Sponsor has elected

to terminate the Pricing Benchmark Licensing Agreement pursuant to its terms in connection with its broader transition to a new benchmark

provider, as further described below.

The

Sponsor intends to enter into a licensing agreement with FTSE International Limited (“FTSE”) on or about August 24, 2026

whereby FTSE will provide each of the Sponsor, the Trust, and their affiliates a non-exclusive, non-transferable, non-sub-licensable,

perpetual, worldwide license to access, view and use FTSE index data to develop, create, calculate, settle, maintain or support and market

the Trust. Such license is expected to have a one-year initial term and will automatically be renewed for successive one-year periods,

unless terminated pursuant to its terms.

FTSE

is a company incorporated and registered in England, and its principal offices are located at 10 Paternoster Square, London, EC4M 7LS,

United Kingdom. FTSE is experienced in calculating and administering digital asset indices. FTSE is unaffiliated with the Sponsor.

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

Dated: July 7, 2026

21SHARES ETHEREUM ETF

21Shares US LLC, as Sponsor of 21Shares

Ethereum ETF

By:

/s/ Duncan

Moir

Name:

Duncan Moir

Title:

President

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