21Shares Hyperliquid ETF Sample Contracts
SECOND AMENDED AND RESTATED TRUST AGREEMENT OF 21SHARES HYPERLIQUID STAKING ETF Dated as of August 26, 2026 By and Among 21SHARES US LLC CSC DELAWARE TRUST COMPANY and THE SHAREHOLDERS FROM TIME TO TIME HEREUNDERTrust Agreement • August 26th, 2026 • 21Shares Hyperliquid Staking ETF • Commodity contracts brokers & dealers • Delaware
This SECOND AMENDED AND RESTATED TRUST AGREEMENT (this “Trust Agreement”) of 21SHARES HYPERLIQUID STAKING ETF (the “Trust”) is made and entered into as of August 26, 2026, by and among 21SHARES US LLC, a Delaware limited liability company and sponsor of the Trust (the “Sponsor”), CSC DELAWARE TRUST COMPANY, a Delaware corporation, as trustee (the “Trustee”), and the SHAREHOLDERS from time to time hereunder.
CUSTODY AGREEMENT By and Between THE BANK OF NEW YORK MELLON And 21SHARES HYPERLIQUID ETFCustody Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers • New York
This Custody Agreement is made and entered into as of the latest date set forth on the signature page hereto (the “Effective Date”) by and between THE BANK OF NEW YORK MELLON, a New York state chartered bank (“BNY Mellon”), and 21SHARES HYPERLIQUID ETF, a Delaware statutory trust (“Customer”), by 21Shares US LLC, the Sponsor to the Customer. BNY Mellon and Customer are collectively referred to as the “Parties” and individually as a “Party”.
SUBSCRIPTION AGREEMENTSubscription Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers
THIS SUBSCRIPTION AGREEMENT is entered into as of the [ ] day of [ ], 2026, between 21Shares Hyperliquid ETF, a Delaware statutory trust organized and existing under the laws of Delaware (the “Trust”), and 21Shares US LLC, a limited liability company organized and existing under the laws of Delaware (the “Purchaser”).
TRANSFER AGENCY AND SERVICE AGREEMENTTransfer Agency and Service Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers
THIS AGREEMENT is made as of the [ ] day of [ ], by and between 21Shares Hyperliquid ETF (hereinafter the “Trust”), a Delaware statutory trust, having its principal office and place of business at 477 Madison Avenue, 6th Floor, New York, New York 10022 and THE BANK OF NEW YORK MELLON, a New York corporation authorized to do a banking business having its principal office and place of business at 240 Greenwich Street, New York, New York 10286 (the “Bank”).
Amendment No. 1 to the Trust Agreement of Jura Pentium Trust 13Trust Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers
THIS AMENDMENT NO. 1 (this “Amendment”) is made as of October 27, 2025, by and between 21Shares US LLC, as depositor (the “Depositor”) of the Jura Pentium Trust 13 (the “Trust”), and CSC DELAWARE TRUST COMPANY, as trustee of the Trust, to amend that certain Trust Agreement, dated July 24th, 2025, by and between the Depositor and the Trustee (the “Trust Agreement”).
AMENDED AND RESTATED TRUST AGREEMENT OF 21SHARES HYPERLIQUID ETF Dated as of [*], 2026 By and Among 21SHARES US LLC CSC DELAWARE TRUST COMPANY and THE SHAREHOLDERS FROM TIME TO TIME HEREUNDERTrust Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers • Delaware
This AMENDED AND RESTATED TRUST AGREEMENT of 21SHARES HYPERLIQUID ETF (the “Trust”) is made and entered into as of [*], by and among 21SHARES US LLC, a Delaware limited liability company and sponsor of the Trust (the “Sponsor”), CSC DELAWARE TRUST COMPANY, a Delaware corporation, as trustee (the “Trustee”), and the SHAREHOLDERS from time to time hereunder.
SPONSOR AGREEMENTSponsor Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers • Delaware
THIS SPONSOR AGREEMENT (the “Agreement”), dated as of [ ], is made by and between 21Shares US LLC, a Delaware limited liability company (the “Sponsor”), and 21Shares Hyperliquid ETF, a statutory trust organized under the laws of Delaware (the “Trust”).
21SHARES HYPERLIQUID ETF AUTHORIZED PARTICIPANT AGREEMENTAuthorized Participant Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers • New York
This Authorized Participant Agreement (the “Agreement”), dated as of [●], 2026, is entered into by and among 21Shares Hyperliquid ETF (the “Trust”), 21Shares US LLC, a Delaware limited liability company and the sponsor of the Trust (the “Sponsor”), as sponsor of the Trust, and [ ], a [Delaware corporation] (the “Authorized Participant”), and is subject to acceptance by The Bank of New York Mellon (“BNY Mellon” or “Transfer Agent”).
ORDER FORMMaster Custody Service Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers • South Dakota
This MASTER CUSTODY SERVICE AGREEMENT (“Agreement”) is made and entered into as of the Effective Date provided herein, by and between Anchorage Digital Bank N.A. (“Anchorage”), and each Client as provided herein (each a “Client”) (collectively, Anchorage and Client, each a “Party” and collectively, the “Parties”).
MARKETING AGENT AGREEMENTMarketing Agent Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers • New York
THIS AGREEMENT is made and entered into as of this day of by and among 21Shares Hyperliquid ETF, a Delaware statutory trust (the “Trust” or the “Client”), which is sponsored by 21Shares US LLC, a Delaware limited liability company (the “Sponsor”), and Foreside Global Services, LLC, a Delaware limited liability company (“Foreside”).
AMENDED AND RESTATED TRUST AGREEMENT OF 21SHARES HYPERLIQUID ETF Dated as of May 11, 2026 By and Among 21SHARES US LLC CSC DELAWARE TRUST COMPANY and THE SHAREHOLDERS FROM TIME TO TIME HEREUNDERTrust Agreement • June 24th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers • Delaware
This AMENDED AND RESTATED TRUST AGREEMENT of 21SHARES HYPERLIQUID ETF (the “Trust”) is made and entered into as of May 11, 2026, by and among 21SHARES US LLC, a Delaware limited liability company and sponsor of the Trust (the “Sponsor”), CSC DELAWARE TRUST COMPANY, a Delaware corporation, as trustee (the “Trustee”), and the SHAREHOLDERS from time to time hereunder.
SUBSCRIPTION AGREEMENTSubscription Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers
THIS SUBSCRIPTION AGREEMENT is entered into as of the 18th day of March, 2026, between 21Shares Hyperliquid ETF, a Delaware statutory trust organized and existing under the laws of Delaware (the “Trust”), and 21Shares US LLC, a limited liability company organized and existing under the laws of Delaware (the “Purchaser”).
STAKING AGREEMENTStaking Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers • New York
This Figment Staking Agreement (this “Agreement”), dated [_______], 2026 (the “Effective Date”), is entered into between Figment Inc. (“Figment”), an Ontario corporation with a place of business at 545 King St. West, Toronto, Ontario, Canada, M5V 1M1 and 21Shares Hyperliquid ETF, a Delaware statutory trust with a place of business at 477 Madison Ave, 6th Floor, New York, NY 10022 (“Delegator”).
BITGO CUSTODIAL SERVICES AGREEMENTCustodial Services Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers • South Dakota
This Custodial Services Agreement (this “Agreement”) is made as of the later date of the signatures below (the “Effective Date”) by and between:
FORM OF AUTHORIZED PARTICIPANT AGREEMENT FOR 21SHARES CRYPTO EXCHANGE-TRADED PRODUCTSAuthorized Participant Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers • New York
This Authorized Participant Agreement (the “Agreement”), dated as of __________________, 2026, is entered into by and between, 21Shares US LLC, a Delaware limited liability company and the sponsor (the “Sponsor”) of the each of the trusts named on Exhibit A hereto (each a “Trust”) and together the “Trusts”), for itself, and as sponsor of the Trusts, and_____, a [Delaware corporation] (the “Authorized Participant”), and is subject to acceptance by The Bank of New York Mellon (“BNY Mellon” or “Transfer Agent”).
FUND ADMINISTRATION AND ACCOUNTING AGREEMENTFund Administration and Accounting Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers • New York
THIS AGREEMENT is made as of [ ] by and between 21Shares Hyperliquid ETF (hereinafter the “Trust”), a Delaware statutory trust, having its principal office and place of business at 477 Madison Avenue, 6th Floor, New York, New York 10022 and The Bank of New York Mellon, a New York corporation authorized to do a banking business (“BNY Mellon”).
TRUST AGREEMENT OF JURA PENTIUM TRUST 13Trust Agreement • April 14th, 2026 • 21Shares Hyperliquid ETF • Commodity contracts brokers & dealers
THIS TRUST AGREEMENT (this “Agreement”) is made as of July 24, 2025, by and between 21Shares US LLC, as depositor (the “Depositor”), and CSC DELAWARE TRUST COMPANY, as trustee (the “Trustee”). The parties hereto hereby agree as follows: