DECLARATION OF TRUST AND TRUST AGREEMENTDeclaration of Trust and Trust Agreement • November 29th, 2023 • Pando Asset Spot Bitcoin Trust
DECLARATION OF TRUST AND TRUST AGREEMENT, dated as of November 17, 2023 (this “Trust Agreement”), between Pando Asset AG, a Swiss company with limited liability, as sponsor (the “Sponsor”), and Donald J. Puglisi, as trustee (the “Trustee”). The Sponsor and the Trustee hereby agree as follows:
