Creation Unit definition

Creation Unit means an aggregation of a specified number of Shares as stated in the Prospectus for the applicable Fund.

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Creation Unit means an aggregation of 10,000 Shares that the Fund issues and redeems on a continuous basis at NAV. Shares will not be issued or redeemed except in Creation Units.

Creation Unit means a large block of a specified number of ETF Shares that makes up one unit of the ETF Series, as specified in the Prospectus. A Creation Unit is the minimum number of ETF Shares that may be created or redeemed at any one time. Custodian: means ▇.▇. ▇▇▇▇▇▇ acting in the capacity as securities custodian for the Trust.

Examples of Creation Unit in a sentence

• The Custodian shall receive from the distributor of beneficial interests in a Portfolio (“Portfolio Interests”) of a Fund or from the Fund’s transfer agent (the “Transfer Agent”) and deposit into the account of the Portfolio such payments as are received for Portfolio Interests, in Creation Unit aggregations, issued or sold from time to time by the Fund.

• Where all of the Redemption Securities are US domestic securities, beginning on settlement date, Index Receipt Agent will compare (i) the ETF Shares received from the Authorized Participant to (ii) the ETF Shares required to redeem each Creation Unit.

• 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 Trust authorizes Index Receipt Agent to permit the Authorized Participant at any time to exchange the ETF Shares required to redeem the Creation Unit in exchange for an equivalent amount of the Redeem Required Cash Collateral.

• When the Sponsor confirms to BNY Mellon that the required cash have been delivered to the applicable Trust’s Cash Custodian account, and any residual cash amount linked to the Purchase Order is settled, BNY Mellon will cause the delivery of the Creation Unit of Shares.

More Definitions of Creation Unit

Creation Unit means a large block of a specified number of Shares, as specified in the Prospectus. A Creation Unit is the minimum number of Shares that may be created or redeemed at any one time.

Creation Unit has the meaning set forth in Article III, Section 3;

Creation Unit means an aggregation of a specified number of Fund shares that is purchased and/or redeemed by an Authorized Participant as described in the Fund’s Prospectus and Statement of Additional Information and in accordance with any terms and procedures set forth in the Distributor’s AP Handbook and/or related procedures.

Creation Unit shall have the meaning set forth in Section 7.4(a) of this Declaration of Trust.

Creation Unit has the meaning assigned in Section 2.2 hereof.

Creation Unit and “Creation Unit Aggregation” mean an aggregation of a specified number of Shares of the Trust as stated in the Prospectus.

Creation Unit means the number of Shares comprising an aggregation for purposes of purchasing or redeeming Shares of any Series or Class, as determined from time to time by the Trustees or pursuant to procedures or methods prescribed or approved by the Trustees;