Common use of Settlement of Creation Order Clause in Contracts

Settlement of Creation Order. 3.1. Once the Total Basket Amount has been determined, the Sponsor or its delegate will send the Creation Order Calculation Email to the Authorized Participant providing the (i) Total Basket Amount and (ii) the address of a Digital Asset Account belonging to the relevant Trust. 3.2. Between the Authorized Participant’s receipt of such e-mail, as provided in Section 3.1 of this Article II, and 6:00 p.m., New York time, the Authorized Participant will initiate the transfer of the Total Basket Amount from such Authorized Participant Self-Administered Account to the relevant Digital Asset Account and will immediately notify the Sponsor or its delegate via e-mail of such transfer. THE AUTHORIZED PARTICIPANT IS SOLELY RESPONSIBLE FOR THE ACCURACY OF SUCH AUTHORIZED PARTICIPANT SELF-ADMINISTERED ACCOUNT USED IN CONNECTION WITH THE TRANSFER OF THE TOTAL BASKET AMOUNT PURSUANT TO A CREATION ORDER. TRANSFERS OTHER THAN THOSE RECEIVED FROM AN AUTHORIZED PARTICIPANT SELF-ADMINISTERED ACCOUNT WILL NOT BE CREDITED TO ANY AUTHORIZED PARTICIPANT. NONE OF THE SPONSOR, ITS DELEGATES OR ANY SECURITY VENDOR SHALL BE RESPONSIBLE FOR ANY TRANSFERS MADE FROM AN ACCOUNT OTHER THAN AN AUTHORIZED PARTICIPANT SELF-ADMINISTERED ACCOUNT. 3.3. The Sponsor or its delegate will confirm transfer of the Total Basket Amount from such Authorized Participant Self-Administered Account to the relevant Digital Asset Account and, if applicable, the validation of such transfer by the relevant digital asset network with the relevant Security Vendors. The Sponsor may determine another mechanism for a Trust to accept delivery of digital assets as the Sponsor may, from time to time, determine to be acceptable for such Trust. 3.4. The Sponsor or its delegate will send a confirmation email to the Authorized Participant to evidence such transfer of the Total Basket Amount to the relevant Digital Asset Account. The Sponsor or its delegate will call or e-mail the Authorized Participant to confirm the relevant Trust’s receipt of the Total Basket Amount in such Digital Asset Account. The expense and risk of delivery, ownership and safekeeping of digital assets, until such digital assets have been transferred to such Digital Asset Account shall be borne solely by the Authorized Participant. 3.5. Upon confirmation of receipt of the Total Basket Amount in the relevant Digital Asset Account, the Sponsor or its delegate will direct the Transfer Agent to credit to the account of the Investor on behalf of which the Authorized Participant submitted the Creation Order the number of Creation Baskets of the relevant Trust ordered by the Authorized Participant as soon as possible thereafter, provided that the Transfer Agent shall credit the number of Creation Baskets to fill the Authorized Participant’s Creation Order by no later than 6:00 p.m., New York time, on the Creation Order Date, or as soon thereafter as practicable. 3.6. The Transfer Agent will issue a statement to the Sponsor and the Authorized Participant reflecting the number of Creation Baskets that have been credited to the Authorized Participant.

Settlement of Creation Order. 3.1. Once the Total Basket Amount has been determined, the Sponsor or its delegate will send the Creation Order Calculation Email to the Authorized Participant providing the (i) Total Basket Amount and (ii) the address of a Digital Asset Account belonging to the relevant Trust. 3.2. Between the Authorized Participant’s receipt of such e-mail, as provided in Section 3.1 of this Article II, and 6:00 p.m., New York time, the Authorized Participant will initiate the transfer of the Total Basket Amount from such Authorized Participant Self-Administered Account to the relevant Digital Asset Account and will immediately notify the Sponsor or its delegate via e-mail of such transfer. THE AUTHORIZED PARTICIPANT IS SOLELY RESPONSIBLE FOR THE ACCURACY OF SUCH AUTHORIZED PARTICIPANT SELF-ADMINISTERED ACCOUNT USED IN CONNECTION WITH THE TRANSFER OF THE TOTAL BASKET AMOUNT PURSUANT TO A CREATION ORDER. TRANSFERS OTHER THAN THOSE RECEIVED FROM AN AUTHORIZED PARTICIPANT SELF-ADMINISTERED ACCOUNT WILL NOT BE CREDITED TO ANY AUTHORIZED PARTICIPANT. NONE OF THE SPONSOR, ITS DELEGATES OR ANY SECURITY VENDOR SHALL BE RESPONSIBLE FOR ANY TRANSFERS MADE FROM AN ACCOUNT OTHER THAN AN AUTHORIZED PARTICIPANT SELF-ADMINISTERED ACCOUNT. 3.3. The Sponsor or its delegate will confirm transfer of the Total Basket Amount from such Authorized Participant Self-Administered Account to the relevant Digital Asset Account and, if applicable, the validation of such transfer by the relevant digital asset network with the relevant Security Vendors. The Sponsor may determine another mechanism for a Trust to accept delivery of digital assets as the Sponsor may, from time to time, determine to be acceptable for such Trust. 3.4. The Sponsor or its delegate will send a confirmation email to the Authorized Participant to evidence such transfer of the Total Basket Amount to the relevant Digital Asset Account. The Sponsor or its delegate will call or e-mail the Authorized Participant to confirm the relevant Trust’s receipt of the Total Basket Amount in such Digital Asset Account. The expense and risk of delivery, ownership and safekeeping of digital assets, until such digital assets have been transferred to such Digital Asset Account shall be borne solely by the Authorized Participant. 3.5. Upon confirmation of receipt of the Total Basket Amount in the relevant Digital Asset Account, the Sponsor or its delegate will direct the Transfer Agent to credit to the account of the Investor on behalf of which the Authorized Participant submitted the Creation Order the number of Creation Baskets of the relevant Trust ordered by the Authorized Participant as soon as possible thereafter, provided that the Transfer Agent shall credit the number of Creation Baskets to fill the Authorized Participant’s Creation Order by no later than 6:00 p.m., New York time, on the Creation Order Date, or as soon thereafter as practicable. 3.6. The Transfer Agent will issue a statement to the Sponsor and the Authorized Participant reflecting the number of Creation Baskets that have been credited to the Authorized Participant.

Settlement of Creation Order. 3.1. Once the Total Basket Amount has been determined, the Sponsor Manager or its delegate will send the Creation Order Calculation Email to the Authorized Participant providing the (i) Total Basket Amount and Amount, (ii) the address addresses of a the relevant Digital Asset Accounts belonging to a Fund and (iii) wiring instructions for the transfer of any U.S. Dollars to the Cash Account belonging to the relevant TrustFund. 3.2. Between the Authorized Participant’s receipt of such e-mail, as provided in Section 3.1 of this Article II, and 6:00 p.m., New York time, the Authorized Participant will initiate the transfer of the Total Basket Amount from such the Authorized Participant Self-Administered Account Accounts to the relevant Digital Asset Account each Fund Accounts and will immediately notify the Sponsor Manager or its delegate via e-mail of such transfertransfers. THE AUTHORIZED PARTICIPANT IS SOLELY RESPONSIBLE FOR THE ACCURACY OF SUCH THE AUTHORIZED PARTICIPANT SELF-ADMINISTERED ACCOUNT USED IN CONNECTION WITH THE TRANSFER OF THE TOTAL BASKET AMOUNT PURSUANT TO A CREATION ORDER. TRANSFERS OF DIGITAL ASSETS OR CASH OTHER THAN THOSE RECEIVED FROM AN AUTHORIZED PARTICIPANT SELF-ADMINISTERED ACCOUNT ACCOUNTS WILL NOT BE CREDITED TO ANY AUTHORIZED PARTICIPANT. NONE OF THE SPONSORMANAGER, ITS DELEGATES OR ANY SECURITY VENDOR SHALL BE RESPONSIBLE FOR ANY TRANSFERS OF DIGITAL ASSETS OR CASH MADE FROM AN ACCOUNT OTHER THAN AN AUTHORIZED PARTICIPANT SELF-ADMINISTERED ACCOUNTACCOUNTS. 3.3. The Sponsor Manager or its delegate will confirm transfer of each Fund Component from the Total Basket Amount from such relevant Authorized Participant Self-Administered Account to the relevant Digital Asset Account and, if applicable, the validation of such transfer by the relevant digital asset network for each Fund Component with the relevant Security Vendors. The Sponsor Manager or its delegate will also confirm the transfer of U.S. Dollars constituting the Forked Asset Portion and/or Cash Portion from the relevant Authorized Participant Account to the Cash Account. The Manager may determine another mechanism for a Trust Fund to accept delivery of any digital assets or cash included in the Total Basket Amount as the Sponsor Manager may, from time to time, determine to be acceptable for such TrustFund. 3.4. The Sponsor Manager or its delegate will send a confirmation email to the Authorized Participant to evidence such transfer of the Total Basket Amount to the relevant Digital Asset AccountFund. The Sponsor Manager or its delegate will call or e-mail the Authorized Participant to confirm the relevant TrustFund’s receipt of the Total Basket Amount in such Digital Asset AccountAmount. The expense and risk of delivery, ownership and safekeeping of digital assetsassets and cash constituting the Total Basket Amount, until such digital assets and cash have been transferred to such Digital Asset Account each Fund shall be borne solely by the Authorized Participant. 3.5. Upon confirmation of receipt of the Total Basket Amount in the relevant Digital Asset AccountAmount, the Sponsor Manager or its delegate will direct the Transfer Agent to credit to the account of the Investor on behalf of which the Authorized Participant submitted the Creation Order the number of Creation Baskets of the relevant Trust Fund so ordered by the Authorized Participant as soon as possible thereafter, provided that the Transfer Agent shall credit the number of Creation Baskets to fill the Authorized Participant’s Creation Order by no later than 6:00 p.m., New York time, on the Creation Order Date, or as soon thereafter as practicable. 3.6. The Transfer Agent will issue a statement to the Sponsor Manager and the Authorized Participant reflecting the number of Creation Baskets that have been credited to the Authorized Participant.

Settlement of Creation Order. 3.1. Once the Total Basket Amount has been determined, the Sponsor Manager or its delegate will send the Creation Order Calculation Email to Emailto the Authorized Participant providing the (i) Total Basket Amount and Amount, (ii) the address addresses of a the relevant Digital Asset Accounts belonging to the Fund and (iii) wiring instructions for the transfer of any U.S. Dollars to the Cash Account belonging to the relevant TrustFund. 3.2. Between the Authorized Participant’s receipt of such e-mail, as provided in Section 3.1 of 3.1of this Article II, and 6:00 p.m., New York time, the Authorized Participant will initiate the transfer of the Total Basket Amount from such the Authorized Participant Self-Administered Account Accounts to the relevant Digital Asset Account Fund Accounts and will immediately notify the Sponsor Manager or its delegate via e-mail of such transfertransfers. THE AUTHORIZED PARTICIPANT IS SOLELY RESPONSIBLE FOR THE ACCURACY OF SUCH THE AUTHORIZED PARTICIPANT SELF-ADMINISTERED ACCOUNT USED IN CONNECTION WITH THE TRANSFER OF THE TOTAL BASKET AMOUNT PURSUANT TO A CREATION ORDER. TRANSFERS OF DIGITAL ASSETS OR CASH OTHER THAN THOSE RECEIVED FROM AN AUTHORIZED PARTICIPANT SELF-ADMINISTERED ACCOUNT ACCOUNTS WILL NOT BE CREDITED TO ANY AUTHORIZED PARTICIPANT. NONE OF THE SPONSORMANAGER, ITS DELEGATES OR ANY SECURITY VENDOR SHALL BE RESPONSIBLE FOR ANY TRANSFERS OF DIGITAL ASSETS OR CASH MADE FROM AN ACCOUNT OTHER THAN AN AUTHORIZED PARTICIPANT SELF-ADMINISTERED ACCOUNTACCOUNTS. 3.3. The Sponsor Manager or its delegate will confirm transfer of each Fund Component from the Total Basket Amount from such relevant Authorized Participant Self-Administered Account to the relevant Digital Asset Account and, if applicable, the validation of such transfer by the relevant digital asset network for such Fund Component with the relevant Security Vendors. The Sponsor Manager or its delegate will also confirm the transfer of U.S. Dollars constituting the Forked Asset Portion and/or Cash Portion from the relevant Authorized Participant Self-Administered Account to the Cash Account. The Manager may determine another mechanism for a Trust the Fund to accept delivery of any digital assets or cash included in the Total Basket Amount as the Sponsor Manager may, from time to time, determine to be acceptable for such Trustthe Fund. 3.4. The Sponsor Manager or its delegate will send a confirmation email to the Authorized Participant to evidence such transfer of the Total Basket Amount to the relevant Digital Asset AccountFund. The Sponsor Manager or its delegate will call or e-mail the Authorized Participant to confirm the relevant TrustFund’s receipt of the Total Basket Amount in such Digital Asset AccountAmount. The expense and risk of delivery, ownership and safekeeping of digital assetsassets and cash constituting the Total Basket Amount, until such digital assets and cash have been transferred to such Digital Asset Account the Fund shall be borne solely by the Authorized Participant. 3.5. Upon confirmation of receipt of the Total Basket Amount in the relevant Digital Asset AccountAmount, the Sponsor Manager or its delegate will direct the Transfer Agent to credit to the account of the Investor on behalf of which the Authorized Participant submitted the Creation Order the number of Creation Baskets of the relevant Trust so ordered by the Authorized Participant as soon as possible thereafter, provided that the Transfer Agent shall credit the number of Creation Baskets to fill the Authorized Participant’s Creation Order by no later than 6:00 p.m., New York time, on the Creation Order Date, or as soon thereafter as practicable. 3.6. The Transfer Agent will issue a statement to the Sponsor Manager and the Authorized Participant reflecting the number of Creation Baskets that have been credited to the Authorized Participant.