TETH

TETH aims to track the spot price of ether, less expenses and liabilities. It intends to provide accessibility to ether without the complexities of acquiring, holding, and trading directly through an ether spot market. The trust is backed by ether held in cold storage, which is a safeguarding method wherein the private keys providing access to the trust's assets are generated and stored in an offline manner, making them more resistant to hacking. However, a portion of the trust's assets may be held in hot trading wallets, from time to time. Holdings are valued daily based on the CME CF Ether-Dollar Reference Rate. This aggregates the trade flow of six ether exchanges, which serves as a once-a-day benchmark rate of ether's USD price, calculated as of 4:00 pm ET. At the time of launch, the issuer waived a portion of the fee. The fund's expense ratio and tracking should be reviewed and considered for comparison purposes.