On this page of Benford's Law Stocks.com we present our study of 21SHARES CORE ETHEREUM ETF — ticker symbol CETH. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 8/28/2024 to 11/14/2025 for 21SHARES CORE ETHEREUM ETF under CIK number 0001992508. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for CETH, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for 21SHARES CORE ETHEREUM ETF based on the past CETH filings our system processed in the past.
32.9
18.6
12.4
19.0
7.1
1.9
0.0
1.0
7.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing ]
Total numbers found: 210
Recent share count: NA

= Typical range across full coverage universe
Benford's Law Stocks Indicator
210
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 2 numbers to move any given column by a full percentage point.
7

Starting from a possible score of 100, we made the following score deductions:
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the company's typical historical range.
 • We deducted points upon observing the 6's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 7's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 7's percentage was below the company's typical historical range.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was below the typical coverage universe range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 3rd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the typical coverage universe range.
Benford's Law Stocks Indicator
CETH
Low score compared to other filers, falling in the bottom quartile.
SPND
CLEV
MINM
FXA
DRDBU
CCIXU
SCRH
POLEU
Check our work! We provide our 21SHARES CORE ETHEREUM ETF Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the CETH filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 69 numbers that start with the digit 1. Here they are:
1,830,000
15,551,512
16,869,879
16,869,879
1,661
1,661
16,869,879
12,483,772
17,939,331
16,869,879
1,010,000
16.70
11,034.4578
100.00
11,034.4578
100.00
1,661
100.00
15,551,512
16,869,879
15,551,512
16,869,879
16,869,879
12,602,477
16,979,303
13,591,475
16,956,542
13,553,224
16,869,879
15,464,294
15,805,133
100
12,602,477
12,582,986
12,582,986
1,200,000
100
16,869,879
16,869,879
16,869,879
14,446.5142
11,034.4578
15,805,033
12,582,986
13,283.5236
11,391.3532
12,602,477
11,034.4578
100.0000
15,464,294
12,582,986
100,000
10,000
1,200,000
15,464,294
15,805,133
100
15,464,294
15,491,601
15,805,033
12.57
17.12
16.70
17.04
12.97
12.97
1.0000
1.0000
1.0000
We found 39 numbers that start with the digit 2. Here they are:
27,975,373
2,210,000
20.78
22,761
22,761
2,169
22,761
22,761
23,002,554
22,761
2,660,000
2,280,000
2,890,000
2
20,000
20,430.9720
23,004,189
21
21
2,169
2,660,000
2,280,000
2,890,000
2
20,000
20.78
20.78
24.24
24.43
23.88
21
21
21
21
21
21
21
20
25
We found 26 numbers that start with the digit 3. Here they are:
3,777
3,777
3,777
3,777
3,777
3,777
38,251
38,251
3,223,608
3,222,047
3,223,608
3,222,047
3,223,608
3,222,047
342,300
38,251
3,223,608
3,222,047
380,000
340,739
3,222,047
342,300
3,223,608
38,251
3,777
380,000
4's 5's 6's
We found 40 numbers that start with the digit 4. Here they are:
40,133,491
45,916,365
45,916,365
45,914,704
4,386,107
45,914,704
40,133,491
45,916,365
40,133,491
45,916,365
45,914,704
40,420
40,420
4,375,913
4,464,507
47,704,815
4,375,913
4,464,507
45,914,704
45,914,704
4,090,000
45,916,365
45,916,365
4,464,507
45,916,365
4,850.0000
4,850.0000
47,718,601
4,375,913
45,916,365
4,750.0000
4,850.0000
4,090,000
47,704,815
4.15
4.10
4.07
4.15
4.08
4.07
We found 15 numbers that start with the digit 5. Here they are:
5,050.0000
5,050.0000
593
53,660,423
53,380,852
593
50.00
5,050.0000
53,408,140
593
53,651,474
500
53,660,423
53,380,852
5,955,608
We found 4 numbers that start with the digit 6. Here they are:
68,872,453
68,863,151
68,872,453
65.31
7's 8's 9's
We found 1 numbers that start with the digit 7. Here they are:
We found 2 numbers that start with the digit 8. Here they are:
8.22
8.21
We found 15 numbers that start with the digit 9. Here they are:
9,126,375
913
9,126,375
913
950,000
970,002
950,000
970,000
9,126,375
9,142.2874
913
950,000
970,002
950,000
970,000
While the above CETH 10Q Filed 11/14/2025 is interesting in isolation, we have found that it is also useful to take a look at older 21SHARES CORE ETHEREUM ETF filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 11/14/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical CETH 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

32.9
18.6
12.4
19.0
7.1
1.9
0.0
1.0
7.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 7
XBRL?   [ original filing ]
Total numbers found: 210

= Typical CETH range from 8/28/2024 to 11/14/2025
53.4
11.4
14.8
8.0
5.7
0.0
2.3
3.4
1.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 42
XBRL?   [ original filing ]
Total numbers found: 88

= Typical CETH range from 8/28/2024 to 11/14/2025
37.1
21.2
11.8
3.5
4.7
5.3
0.6
6.5
9.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 20
XBRL?   [ original filing ]
Total numbers found: 170

= Typical CETH range from 8/28/2024 to 11/14/2025
44.6
12.0
21.7
8.4
2.4
0.0
0.0
0.0
10.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 6
XBRL?   [ original filing ]
Total numbers found: 83

= Typical CETH range from 8/28/2024 to 11/14/2025
35.7
8.9
5.4
8.0
14.3
4.5
4.5
11.6
7.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 0
XBRL?   [ original filing ]
Total numbers found: 112

= Typical CETH range from 8/28/2024 to 11/14/2025
34.6
15.4
32.7
3.8
11.5
0.0
1.9
0.0
0.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 0
XBRL?   [ original filing ]
Total numbers found: 52

= Typical CETH range from 8/28/2024 to 11/14/2025
 

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