Tax Status of the Trust. The Sponsor intends that the Trust shall be treated, for federal, state and local income tax purposes, as a grantor trust, and, notwithstanding anything contained in this Amended and Restated Declaration of Trust to the contrary, neither the Sponsor nor the Trustee, nor any other Person acting for or on behalf of the Trust, shall take any action that is inconsistent with such treatment.
Appears in 3 contracts
Samples: And Trust Agreement (Invesco Galaxy Ethereum ETF), Trust and Trust Agreement (Invesco Galaxy Bitcoin ETF), Invesco Galaxy Bitcoin (Invesco Galaxy Bitcoin ETF)
Tax Status of the Trust. The Sponsor intends that the Trust shall be treated, for federal, state and local income tax purposes, as a grantor trust, and, notwithstanding anything contained in this Amended and Restated Declaration of Trust and Trust Agreement to the contrary, neither the Sponsor nor the Trustee, nor any other Person acting for or on behalf of the Trust, shall take any action that is inconsistent with such treatment.
Appears in 1 contract
Samples: Declaration of Trust and Trust Agreement (Winklevoss Bitcoin Trust)
Tax Status of the Trust. The Sponsor intends that the Trust shall be treated, for federal, state and local income tax purposes, as a grantor trust, and, notwithstanding anything contained in this Second Amended and Restated Declaration of Trust to the contrary, neither the Sponsor nor the Trustee, nor any other Person acting for or on behalf of the Trust, shall take any action that is inconsistent with such treatment.
Appears in 1 contract
Samples: Trust and Trust Agreement (Invesco Galaxy Ethereum ETF)
