Only Authorized Participants such as market makers or institutions can purchase or redeem shares directly from the Fund.
Unlike Bitcoin, JPMorgan's blockchain Quorum is private, or «permissioned,» meaning that
only authorized participants can join the network of machines that maintains it.
Only an Authorized Participant may create or redeem Creation Units directly with the Fund.
Only an Authorized Participant may create or redeem Creation Units directly with the Fund.
Only an Authorized Participant may create or redeem Creation Units directly with the fund.
Not exact matches
Continuing its entry into Bitcoin regulation, one week after the Coinflip action, on September 24, 2015, the CFTC again brought and settled charges related to Bitcoin, this time against TeraExchange LLC (Tera), a provisionally registered SEF, for failing to enforce its prohibition on wash trading and prearranged trading.15 At issue was a U.S. dollar — Bitcoin swap transaction from October 2014 between the
only two market
participants then
authorized to trade on Tera.
The Trustee will create Shares
only in Baskets (a Basket equals a block of [50,000] Shares) and
only upon the order of an
Authorized Participant.
A transfer of Bitcoins from the Trust Custody Account may
only be made as follows: (1) by transferring Bitcoins to an
Authorized Participant Custody Account in connection with a redemption of one or more Baskets; (2) by transferring Bitcoins to the Sponsor's Custody Account to pay the Sponsor's Fee; (3) by delivering the Bitcoins to such party as the
However, shares are not individually redeemable, and may
only be redeemed directly from the Fund by
Authorized Participants, in very large creation / redemption units.
NextShares funds issue and redeem shares
only in specified creation unit quantities in transactions by or through
authorized participants.
However, shares are not individually redeemable from the ETFs and may
only be purchased and redeemed directly from the ETFs by
Authorized Participants, in very large creation / redemption units.
NextShares funds issue and redeem shares
only in specified creation unit quantities in transactions by or through
Authorized Participants.
Creation Unit transactions may
only be executed by or through
Authorized Participants.
Fund sponsors are responsible for providing that information
only to
authorized participants who are the direct owners of creation units.
Only so - called authorized participants (typically, large institutional investors) actually buy or sell shares of an ETF directly from or to the fund manager, and then only in creation units, large blocks of tens of thousands of ETF shares, which are usually exchanged in - kind with baskets of the underlying securit
Only so - called
authorized participants (typically, large institutional investors) actually buy or sell shares of an ETF directly from or to the fund manager, and then
only in creation units, large blocks of tens of thousands of ETF shares, which are usually exchanged in - kind with baskets of the underlying securit
only in creation units, large blocks of tens of thousands of ETF shares, which are usually exchanged in - kind with baskets of the underlying securities.
However, shares may
only be redeemed directly from a Fund by
Authorized Participants, in very large creation / redemption units.