| Investment Objective: |
Invesco Galaxy Ethereum ETF (the "Trust") is an exchange-traded product. The Trust's investment objective is to reflect the performance of the spot price of ether as measured using Lukka Prime Ethereum Reference Rate (the "Benchmark"), less the Trust's expenses and other liabilities. In seeking to achieve its investment objective, the Trust will hold ether. The Trust will value its Shares each day when the Exchange is open for regular trading (a "Business Day") as of 4:00 p.m. ET. The value of ether held by the Trust is determined based on the fair market value ("FMV") price for ether, reflecting the execution price of ether on its principal market as determined each day by Lukka Inc., an independent third-party digital asset data company (the "Benchmark Provider"). The Benchmark is designed to provide an estimated fair market value price for ether, based on the execution price of ether on its principal market. In this regard, the Benchmark Provider seeks to identify a "principal market" for ether each day by evaluating eligible ether trading platforms across a variety of different criteria, including the trading platforms' oversight and governance frameworks, microstructure efficiency, trading volume, data transparency and data integrity. |
