iShares Ethereum Trust
Amendment to Prime Execution Agent Agreement with Coinbase
Summary
On September 16, 2024, BlackRock Fund Advisors, as administrative trustee of iShares Ethereum Trust ETF, and Coinbase Inc., amended the Third Amended and Restated Coinbase Prime Broker Agreement to implement shorter withdrawal processing times for Coinbase Custody Trust Company when Trade Credits remain unpaid, and to allow ether withdrawals from either the Vault Balance or the Trading Balance, subject to maintaining an amount equivalent to the unpaid Trade Credit. The amendment has been filed as Exhibit 10.1 to this Current Report on Form 8-K.
Profitelligence Alerts
Get alerts for ETHA
Be first to know when iShares Ethereum Trust files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About iShares Ethereum Trust
The iShares Ethereum Trust is an investment product designed to offer investors exposure to the digital currency Ethereum (ETH) in a more traditional investment format. As a trusted asset within the realm of cryptocurrency investments, this trust provides a way for individuals and institutions to participate in the performance of Ethereum without the need to directly purchase, store, or manage the underlying digital currency. The primary function of the iShares Ethereum Trust is to mirror the price movements of Ethereum, offering a familiar vehicle for potential diversification in a portfolio. It appeals to those interested in blockchain technology and decentralized finance (DeFi), sectors increasingly impacting tech innovation and financial services. By converting the volatility and complexity of direct cryptocurrency investments into a conventional financial instrument, the trust plays a significant role in bridging the gap between traditional financial markets and the emerging digital currency landscape. It allows for more widespread participation from both institutional and retail investors, creating accessibility to one of the leading cryptocurrencies securely and efficiently.
Official SEC Documents
Advertisement