Compliance with Certain Laws. The Authorized Participant represents and warrants that it shall act in a manner consistent with the instructions of the Trust and materially comply with all applicable laws, including, without limitation, securities laws of each jurisdiction in which the Authorized Participant proposes to carry on the business contemplated by this Agreement. The Authorized Participant’s responsibility to the Trust is solely contractual in nature, the Authorized Participant has no fiduciary, advisory, distribution or underwriting or placement agency relationship between the Trust and the Authorized Participant has been created.
Appears in 4 contracts
Sources: Authorized Participant Agreement (Bitwise Hyperliquid ETF), Authorized Participant Agreement (Bitwise Avalanche ETF), Authorized Participant Agreement (Bitwise Dogecoin ETF)
Compliance with Certain Laws. The Authorized Participant represents and warrants that it shall act in a manner consistent with the instructions of the Trust and materially comply with all applicable laws, including, without limitation, securities laws of each jurisdiction in which the Authorized Participant proposes to carry on the business contemplated by this Agreement. The Authorized Participant’s responsibility to the Trust is solely contractual in nature, the Authorized Participant has been retained solely to act as an agent for submission of Creation Orders and Redemption Orders by other persons and no fiduciary, advisory, distribution or underwriting or placement agency relationship between the Trust and the Authorized Participant has been created.
Appears in 4 contracts
Sources: Authorized Participant Agreement (Bitwise Solana ETF), Authorized Participant Agreement (Bitwise 10 Crypto Index Fund), Authorized Participant Agreement (Bitwise Ethereum ETF)