IPO - Jura Pentium Trust 1

Form Type: S-1/A

Filing Date: 2025-06-13

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025054351

Filing Summary: Amendment No. 1 to Form S-1 for the 21Shares Core Solana ETF, filed with the SEC on June 13, 2025, indicates the ETF is structured as a passive investment vehicle aiming to track the value of SOL tokens associated with the Solana blockchain. This ETF offers shares that will trade on the Cboe BZX Exchange, with the objective of reflecting the performance of the CME CF Solana-Dollar Reference Rate. The Trust, sponsored by 21Shares US LLC, will not speculate on SOL prices and has no plans to employ staking unless regulatory approvals are obtained. It further outlines that the Shares are speculative and subject to a high degree of investment risk, emphasizing that buyers should be aware of risk factors associated with investing in exchanging-traded products that do not hold SOL directly. The document also notes that prospective investors can only engage with the ETF indirectly through traditional brokerage accounts, which could present other risks compared to direct investment in SOL. An indeterminate amount of Shares will be continuously offered, with regulatory protections afforded to typical investment companies being absent, fostering risks for potential investors. All transactions and investments will be managed carefully to ensure compliance with the applicable financial regulations.