General Risks. The Client understands and acknowledges that investing in, buying, and selling Digital Assets presents a variety of risks that are not presented by investing in, buying, and selling products in other, more traditional asset classes. These risks include, but are not limited to, the following: i. Digital Assets are not legal tender, operate without central authority or banks, and are not backed by any government. ii. Digital Assets are a new technological innovation with a limited history and are a highly speculative asset class, and as such, have in the past experienced, and are likely in the future to continue to experience, high volatility, including periods of extreme volatility.
Appears in 2 contracts
Sources: Custodial Services Agreement (wShares Bitcoin Fund), Custodial Services Agreement (wShares Bitcoin Fund)