EETH seeks to mirror the performance of ether ETH through standardized futures contracts traded on the Chicago Mercantile Exchange CME The fund invests primarily in USD cashsettled frontmonth CME ether futures contracts while also considering backmonth contracts To maintain its exposure to ether the fund replaces expiring futures contracts with new ones having later expiration dates Additionally the fund may utilize proceeds from reverse repurchase agreements as leverage to achieve the desired level of exposure Investments are made via a whollyowned Cayman Island subsidiary capped at 25 at each quarter end Note that investing in ETH futures carries high risk including the potential for total loss