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Latest Invesco Galaxy Ethereum ETF  News | BATS:QETH | Benzinga

The Trusts investment objective is to reflect the performance of the spot price of ether as measured using the Lukka Prime Ethereum Reference Rate (the Benchmark), less the Trusts expenses and other liabilities. In seeking to achieve its investment objective, the Trust will hold ether. The Trust will value its Shares daily based on the value of the ether and any other assets as of 4:00 p.m. ET. Coinbase Custody Trust Company, LLC (the Ethereum Custodian) will hold all of the Trusts ether on the Trusts behalf as Ethereum Custodian.

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