21Shares’ Ethereum ETF, trading under the ticker TETH, processed $48.4 million in redemptions during the first half of 2026, selling 21,125 ETH while maintaining 86.42% of its ETH holdings staked at the end of June. Redemptions exceeded contributions by $6.25 million over the period, and the fund’s net assets dropped from $31.3 million to $12.9 million due to ETH price decline and a realized loss of $12.77 million. The fund reports no failed, delayed, or suspended redemption orders, but warns that variable unbonding periods could limit its ability to meet future redemptions. At quarter-end, the trust held 8,185 ETH, with approximately 7,074 staked and 1,112 unstaked.
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