Form D · Hedge Fund

Coinbase Ethereum Fund, Ltd.

George Town, Grand Cayman, E9 · CIK 0001839398

Offering snapshot reported Mar 22, 2024 · SEC filing

Reported sold: $440M
Investors reported: 2
Minimum accepted: $100K
First sale: Feb 2, 2021

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$440,208,065 → $440,358,065
Reported investors1 → 2
Minimum accepted$0 → $100,000

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Mar 22, 2024	Amendment	$440,358,065	$150,000vs Mar 2, 2023	2	SEC filing
Mar 2, 2023	Amendment	$440,208,065	$439,952,065vs Mar 2, 2021	1	SEC filing
Mar 2, 2022	Amendment	$440,208,065	$439,952,065vs Mar 2, 2021	1	SEC filing
Mar 2, 2021	Initial	$256,000	No comparison	1	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06c, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $1.54M
Finders' fees: $0
Form D file number: 021-390898

Source: Form D, filed Mar 22, 2024. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

COINBASE ETHEREUM FUND, LTD.

Investment adviser: COINBASE ASSET MANAGEMENT, LLC

Gross asset value: $264M
Beneficial owners: 14
ADV minimum commitment: $100K

Reported in Form ADV on Feb 4, 2025. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NORTHERN TRUST GLOBAL FUND SERVICES CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP GRAND CAYMAN, Cayman Islands

Custodian ANCHORAGE TRUST COMPANY SIOUX FALLS, South Dakota, United States Related to adviser: No

Custodian COINBASE CUSTODY TRUST COMPANY, LLC SAN FRANCISCO, California, United States Related to adviser: Yes

Custodian GEMINI TRUST COMPANY, LLC NEW YORK, New York, United States Related to adviser: No

Custodian NORTHERN TRUST BANK CHICAGO, Illinois, United States Related to adviser: No

Marketer COINBASE CAPITAL MARKETS CORP NEW YORK, New York, United States Related to adviser: No

Marketer GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States Related to adviser: No

Prime broker COINBASE INC. SAN FRANCISCO, California, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE LLP
PCAOB 1096

COINBASE CUSTODY TRUST COMPANY, LLC
LEI 549300ZHW72BH3BM4Q58

GEMINI TRUST COMPANY, LLC
LEI 254900GBN2V33HKLXO71

NORTHERN TRUST BANK
LEI 6PTKHDJ8HDUF78PFWH30

COINBASE CAPITAL MARKETS CORP
CRD 10722 · SEC 8-28032

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 801-16048

Filing source

Form ADV 1918304 · Feb 4, 2025 · Schedule D 7.B.(1), fund 805-9436593703

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Joshua M. Barlow	Director
Jasmine Burgess	Director
N/A Coinbase Asset Management Llc	Promoter
John D'agostino	Director
Ian Malloch	Director
One River Digital Asset Management, Llc	Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Walkers Corporate Limited Cayman Corporate Centre, 27 Hospital Rd.
George Town, Grand Cayman, E9, KY1-9008