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The Fidelity Ethereum Fund (Cboe BZX:FETH) announced Wednesday that it has amended its trust agreement to permit the creation and redemption of shares in kind. The change was made through a Second Amended and Restated Trust Agreement, entered into by FD Funds Management LLC, the sponsor, and CSC Delaware Trust Company, the trustee, on Monday.
According to a press release statement included in a Securities and Exchange Commission filing, the amendment allows the trust to facilitate the creation and redemption of shares using assets other than cash. The fund specified that it will not begin accepting orders for in-kind transactions until it receives the necessary regulatory approvals.
The Fidelity Ethereum Fund is registered in Delaware and lists its shares of beneficial interest under the trading symbol FETH on the Cboe BZX Exchange. The filing also noted that the fund is classified as an emerging growth company.
No additional financial statements or exhibits beyond the amended trust agreement were included in the filing. The announcement was made in a regulatory disclosure signed by Cynthia Lo Bessette, president and principal executive officer of the fund.
All information in this article is based on a statement from a press release and accompanying SEC filing.
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