Book-Entry System. (a) Shares shall be held in book-entry form by the Sponsor, its delegate, or the Transfer Agent. The Sponsor or its delegate shall, or shall direct the Transfer Agent, to (i) credit or debit the number of Creation Units to the account of the applicable Shareholder and (ii) issue or cancel Creation Units, as applicable, at the direction of the Sponsor or its delegate. (b) The Sponsor or its delegate may cause the Trust to issue Shares in certificated form in its sole discretion.
Appears in 15 contracts
Sources: Trust Agreement (Canary Staked SUI ETF), Trust Agreement (Canary SUI ETF), Trust Agreement (Canary Litecoin ETF)
Book-Entry System. (a) Shares shall be held in book-entry form by the Sponsor, its delegate, or the Transfer Agent. The Sponsor Manager or its delegate shall, or shall direct the Transfer Agent, Agent to (i) credit or debit the number of Creation Units Baskets or Redemption Baskets to the account of the applicable Shareholder and (ii) issue or cancel Creation UnitsBaskets or Redemption Baskets, as applicable, at the direction of the Sponsor Manager or its delegate.
(b) The Sponsor Manager or its delegate may cause the Trust Fund to issue Shares in certificated form in its sole discretion.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Grayscale CoinDesk Crypto 5 ETF), Limited Liability Company Agreement (Grayscale Digital Large Cap Fund LLC), Limited Liability Company Agreement (Grayscale Digital Large Cap Fund LLC)
Book-Entry System. (a) Shares shall be held in book-entry book‑entry form by the Sponsor, its delegate, or the Transfer Agent. The Sponsor or its delegate shall, or shall direct the Transfer Agent, to (i) credit or debit the number of Creation Units to the account of the applicable Shareholder and (ii) issue or cancel Creation Units, as applicable, at the direction of the Sponsor or its delegate.
(b) The Sponsor or its delegate may cause the Trust to issue Shares in certificated form in its sole discretion.
Appears in 2 contracts
Sources: Trust Agreement (Fidelity Wise Origin Bitcoin Fund), Trust Agreement (Fidelity Ethereum Fund)
Book-Entry System. (a) Shares shall be held in book-entry form by the Sponsor, its delegate, or the Transfer Agent. The Sponsor or its delegate shall, or shall direct the Transfer Agent, Agent to (i) credit or debit the number of Creation Units Baskets or Redemption Baskets to the account of the applicable Shareholder and (ii) issue or cancel Creation UnitsBaskets or Redemption Baskets, as applicable, at the direction of the Sponsor or its delegate.
(b) The Sponsor or its delegate may cause the Trust to issue Shares in certificated form in its sole discretion.
Appears in 2 contracts
Sources: Declaration of Trust and Trust Agreement (Grayscale Ethereum Trust (ETH)), Declaration of Trust and Trust Agreement (Grayscale Bitcoin Trust (BTC))