Common use of Digital Asset Transactions Clause in Contracts

Digital Asset Transactions. EACH OF THE PARTIES HERETO ACKNOWLEDGES AND AGREES THAT DIGITAL ASSET TRANSFERS MAY BE IRREVERSIBLE. (a) The digital asset wallet addresses that (i) are known to the Sponsor or its delegates or to any security vendor or vendors of a Trust (the “Security Vendors”), as specified in the Procedures and (ii) are currently active at the time of a creation or redemption transaction with a Trust are each an Authorized Participant self-administered account (each, an “Authorized Participant Self-Administered Account”). The Authorized Participant shall provide the Sponsor or its delegates with one or more Authorized Participant Self-Administered Accounts. If the Authorized Participant becomes unable to continue to provide any Trust with at least one Authorized Participant Self-Administered Account, the Authorized Participant shall give immediate notice to the Sponsor of such event. (b) Any digital assets to be transferred in connection with any Creation Order or Redemption Order shall be transferred between an Authorized Participant Self-Administered Account and the account or accounts holding the relevant Trust’s digital assets (each, a “Digital Asset Account”; each Digital Asset Account and Authorized Participant Self-Administered Account, an “Account”) in accordance with the Procedures. (c) Each of the parties hereto acknowledges and agrees that (i) it has the computer hardware, software and technological knowhow required to transact in digital assets; (ii) it is responsible for confirming the accuracy of any Account it is provided and that it provides in connection with any Creation Order or Redemption Order pursuant to this Agreement; and (iii) it is responsible for and bears the risk of loss for all digital assets transferred from an Account it owns to an Account owned by another party hereto. (d) Authorized Participants will receive no other fees, commissions or other form of compensation or inducement of any kind from the Sponsor or any Trust in connection with a Creation Orders and Redemption Orders, and Authorized Participants will receive no Fee in connection with any subscription amount paid to the relevant Authorized Participant in digital assets.

Digital Asset Transactions. EACH OF THE PARTIES HERETO ACKNOWLEDGES AND AGREES THAT DIGITAL ASSET TRANSFERS MAY BE IRREVERSIBLE. (a) The digital asset wallet addresses that (i) are known to the Sponsor or its delegates or to any security vendor or vendors of a Trust (the “Security Vendors”), as specified in the Procedures and (ii) are currently active at the time of a creation or redemption transaction with a Trust are each an a digital asset account administered by the Authorized Participant self-administered account or a Liquidity Provider (each, an “Authorized Participant Self-Administered Account”). The Authorized Participant Participant, or its designated Liquidity Provider, shall provide the Sponsor or its delegates with one or more Authorized Participant Self-Administered Accounts. If the Authorized Participant becomes unable to continue to provide any Trust with at least one Authorized Participant Self-Administered Account, the Authorized Participant shall give immediate notice to the Sponsor of such event. (b) Any digital assets to be transferred in connection with any Creation Order or Redemption Order shall be transferred between an Authorized Participant Self-Administered Account and the account or accounts holding the relevant Trust’s digital assets (each, a “Digital Asset Account”; each Digital Asset Account and Authorized Participant Self-Administered Account, an “Account”) in accordance with the Procedures. (c) Each of the parties hereto acknowledges and agrees that (i) it it, (or, in the case of the Authorized Participant, its Liquidity Provider), has the computer hardware, software and technological knowhow required to transact in digital assets; (ii) it is responsible for confirming the accuracy of any Account it is provided and that it provides in connection with any Creation Order or Redemption Order pursuant to this Agreement; and (iii) it is responsible for and bears the risk of loss for all digital assets transferred from an Account it (or, in the case of the Authorized Participant, its Liquidity Provider) owns to an Account owned by another party hereto. (d) Authorized Participants will receive no other fees, commissions or other form of compensation or inducement of any kind from the Sponsor or any Trust in connection with a Creation Orders and Redemption Orders, and Authorized Participants will receive no Fee in connection with any subscription amount paid to the relevant Authorized Participant in digital assets.

Digital Asset Transactions. EACH OF THE PARTIES HERETO ACKNOWLEDGES AND AGREES THAT TRANSFERS OF DIGITAL ASSET TRANSFERS ASSETS MAY BE IRREVERSIBLE. (a) The digital asset wallet addresses and bank accounts that (i) are known to the Sponsor Manager or its delegates or to any security vendor or vendors of a Trust (the “Security Vendors”), as specified in the Procedures and (ii) are currently active at the time of a creation Creation or redemption Redemption transaction with a Trust the Fund are each an Authorized Participant self-administered account (each, an a “Authorized Participant Self-Administered Account”). The Authorized Participant shall provide the Sponsor Manager or its delegates with one or more Authorized Participant Self-Administered Accounts. If the Authorized Participant becomes unable to continue to provide any Trust the Fund with at least one Authorized Participant Self-Administered AccountAccount for each Fund Component and/or one Authorized Participant Self-Administered amount for cash, the Authorized Participant shall give immediate notice to the Sponsor Manager of such event. (b) Any digital assets and cash to be transferred in connection with any Creation Order or Redemption Order shall be transferred between an Authorized Participant Self-Administered Accounts and the relevant Digital Asset Accounts and the Cash Account, respectively, (each of the Digital Asset Accounts, the Cash Account and the account or accounts holding the relevant Trust’s digital assets (each, a “Digital Asset Account”; each Digital Asset Account and Authorized Participant Self-Administered AccountAccounts, an “Account”) in accordance with the Procedures. (c) Each of the parties hereto acknowledges and agrees that (i) it has the computer hardware, software and technological knowhow required to transact in digital assets; (ii) it is responsible for confirming the accuracy of any Account it is provided and that it provides in connection with any Creation Order or Redemption Order pursuant to this Agreement; and (iii) it is responsible for and bears the risk of loss for all digital assets transferred from an Account it owns to an Account owned by another party hereto. (d) Authorized Participants will receive no other fees, commissions or other form of compensation or inducement of any kind from either the Sponsor Manager or any Trust the Fund in connection with a Creation Orders and Redemption Orders, and Authorized Participants will receive no Fee in connection with any subscription amount paid to the relevant Authorized Participant in digital assets.

Digital Asset Transactions. EACH OF THE PARTIES HERETO ACKNOWLEDGES AND AGREES THAT DIGITAL ASSET TRANSFERS MAY BE IRREVERSIBLE. (a) The digital asset wallet addresses We will process Digital Asset Transactions in accordance with the instructions we receive from you. You should verify all transaction information prior to submitting instructions to us. We do not guarantee the identity of any user, receiver, requestee or other third party and we will have no liability or responsibility for ensuring that (i) are known the information you provide is accurate and complete. You shall provide us with any information that we may require from time to time in relation to any Digital Assets Transaction. Digital Asset Transactions cannot be reversed once they have been broadcast to the Sponsor relevant Digital Assets network. If you initiate a Digital Assets Transaction by entering the recipient's email address or its delegates mobile phone number and the recipient does not have an existing Coinbase Account, we will invite the recipient to open a Coinbase Account. If the recipient does not open a Coinbase Account within 30 days, we will return the relevant Digital Assets to your Digital Asset Wallet. We may charge network fees (“miner fees”) to process a Digital Assets Transaction on your behalf. We will calculate the miner fees at our discretion, although we will always notify you of the miner fees at (or before) the time you authorise the Digital Assets Transaction. A full list of Coinbase Australia's miner fees can be found on our ‘Pricing and Fees Disclosures’ and ‘Trading Fees’ pages on the Site. Miner fees for each individual transaction will be disclosed to any security vendor or vendors of a Trust (the “Security Vendors”), as specified in the Procedures and (ii) are currently active you at the time of purchase on the checkout page. When you or a creation or redemption transaction with third party sends Digital Assets to a Trust are each Coinbase Digital Asset Wallet from an Authorized Participant self-administered account external wallet not hosted by Coinbase (each, an “Authorized Participant Self-Administered AccountInbound Transfer“), the person initiating the transaction is solely responsible for executing the transaction properly, which may include, among other things, payment of miner fees in order for the transaction to be completed successfully and ensuring that the Digital Asset being sent is a Supported Digital Asset that conforms to the particular wallet address to which the Digital Asset is directed, including any additional address feature(s) for identifying a transaction recipient beyond a wallet address to the extent required by Coinbase or the Supported Digital Assets protocol to credit the Inbound Transfer to your Coinbase Account (e.g., a “Destination Tag/Memo”). The Authorized Participant shall provide Non-payment of miner fees may cause your transaction to remain in a pending state outside of Coinbase Australia’s control and we are not responsible for delays or loss incurred as a result of an error in the Sponsor or its delegates with one or more Authorized Participant Self-Administered Accounts. If initiation of the Authorized Participant becomes unable transaction and have no obligation to continue to provide any Trust with at least one Authorized Participant Self-Administered Account, assist in the Authorized Participant shall give immediate notice to the Sponsor remediation of such event. (b) Any digital assets transactions. Once submitted to be transferred in connection with any Creation Order or Redemption Order shall be transferred between an Authorized Participant Self-Administered Account and the account or accounts holding the relevant Trust’s digital assets (eacha Digital Asset network, a “Digital Asset Account”; each Transaction will be unconfirmed for a period of time pending sufficient confirmation of the transaction by the Digital Asset Account and Authorized Participant Self-Administered Account, an “Account”) in accordance with the Procedures. (c) Each of the parties hereto acknowledges and agrees that (i) it has the computer hardware, software and technological knowhow required to transact in digital assets; (ii) network. A Digital Asset Transaction is not complete while it is responsible for confirming in a pending state. Digital Assets associated with Digital Asset Transactions that are in a pending state will be designated accordingly and will not be included in your Digital Asset Wallet balance or be available to conduct Digital Asset Transactions until confirmed by the accuracy of any Account it is provided and that it provides in connection with any Creation Order or Redemption Order pursuant to this Agreement; and (iii) it is responsible for and bears the risk of loss for all digital assets transferred from an Account it owns to an Account owned by another party heretonetwork. (d) Authorized Participants will receive no other fees, commissions or other form of compensation or inducement of any kind from the Sponsor or any Trust in connection with a Creation Orders and Redemption Orders, and Authorized Participants will receive no Fee in connection with any subscription amount paid to the relevant Authorized Participant in digital assets.

Digital Asset Transactions. EACH OF THE PARTIES HERETO ACKNOWLEDGES AND AGREES THAT TRANSFERS OF DIGITAL ASSET TRANSFERS ASSETS MAY BE IRREVERSIBLE. (a) The digital asset wallet addresses and bank accounts that (i) are known to the Sponsor Manager or its delegates or to any security vendor or vendors of a Trust custodian (the “Security Vendors”), as specified in the Procedures and (ii) are currently active at the time of a creation Creation or redemption Redemption transaction with a Trust Fund are each an a digital asset account administered by the Authorized Participant self-administered account or a Liquidity Provider (each, an “Authorized Participant Self-Administered Account”). The Authorized Participant Participant, or its designated Liquidity Provider, shall provide the Sponsor Manager or its delegates with one or more Authorized Participant Self-Administered Accounts. If the Authorized Participant becomes unable to continue to provide any Trust Fund with at least one Authorized Participant Self-Administered AccountAccount for each Fund Component and/or one Authorized Participant Account for cash, the Authorized Participant shall give immediate notice to the Sponsor Manager of such event. (b) Any digital assets and cash to be transferred in connection with any Creation Order or Redemption Order shall be transferred between an Authorized Participant Self-Administered Accounts and the relevant Digital Asset Accounts and the Cash Account, respectively, (each of the Digital Asset Accounts, the Cash Account and the account or accounts holding the relevant Trust’s digital assets (each, a “Digital Asset Account”; each Digital Asset Account and Authorized Participant Self-Administered AccountAccounts, an “Account”) in accordance with the Procedures. (c) Each of the parties hereto acknowledges and agrees that (i) it it, (or, in the case of the Authorized Participant, its Liquidity Provider), has the computer hardware, software and technological knowhow required to transact in digital assets; (ii) it is responsible for confirming the accuracy of any Account it is provided and that it provides in connection with any Creation Order or Redemption Order pursuant to this Agreement; and (iii) it is responsible for and bears the risk of loss for all digital assets transferred from an Account it (or, in the case of the Authorized Participant, its Liquidity Provider) owns to an Account owned by another party hereto. (d) Authorized Participants will receive no other fees, commissions or other form of compensation or inducement of any kind from either the Sponsor Manager or any Trust Fund in connection with a Creation Orders and Redemption Orders, and Authorized Participants will receive no Fee in connection with any subscription amount paid to the relevant Authorized Participant in digital assets.