Jamaica’s outlook revised to stable by Fitch after hurricane
VanEck Ethereum ETF (CBOE:ETHV) amended its Form of Authorized Participant Agreement effective Thursday to permit in-kind creation and redemption of shares, according to a statement filed with the Securities and Exchange Commission.
The update allows authorized participants to create and redeem shares of the ETF using assets other than cash, providing an alternative to the existing cash creation and redemption process. The change was made by amending and restating the previous agreement.
The ETF is sponsored by VanEck Digital Assets, LLC and is registered on the Cboe BZX Exchange, Inc. The filing states that the amendment is intended to reflect updates to the agreement, but does not provide further details on the operational or financial impact.
The information is based on a press release statement contained in the SEC Form 8-K filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.