Basket definition
Examples of Basket in a sentence
On each day that the Exchange is open for regular trading, the Administrator adjusts the quantity of Dogecoin represented by the Basket Deposit as appropriate to reflect accrued expenses and any loss of Dogecoin that may occur.
Except as provided herein, a Creation Unit of Shares will not be issued in respect of a Purchase Order until any Digital Asset amount linked to the Deposit Basket is settled with the Digital Asset Custodian before 2 p.m. ET on Contractual Settlement Date.
The Sponsor or its delegates from time to time may, but shall have no obligation to, establish procedures with respect to subscription of Shares in lot sizes smaller than the Creation Basket and permitting the creation distribution to be delivered in a manner other than that specified in Section 3.1.
Each night, the Sponsor will publish the amount of Dogecoin that represented by each Basket Deposit.
The required cash amount may generally be 25% of the Creation Deposit Basket; however, that amount is subject to the determination of the Sponsor.