Terms of Use

Please read these Terms of Use (“Terms of Use”) carefully. 21Shares US LLC (“21Shares”) is an investment adviser registered with the U.S. Securities and Exchange Commission.

21Shares owns and operates the investment advisory portions of this website, www.21Shares-funds.com (“Site”). By registering for, logging into, visiting and/or otherwise using the Site in any way, you indicate that you understand and intend these Terms of Use to be the legal equivalent of a signed, written contract, and you accept these Terms of Use and agree to be legally bound by them. If you do not agree to these Terms of Use, please do not access this Site or any pages thereof.

Reservation of Rights

We reserve the right, at our discretion, to change, modify, add, or remove portions of these Terms of Use at any time. Your continued use of the Site following reasonable notice of such modifications will be conclusively deemed acceptance of any changes to these Terms of Use. You agree that notice of changes to these Terms of Use posted on the Site constitutes reasonable and sufficient notice. At all times, you are bound by the then-current version of the Terms of Use and of all applicable laws.

Use of Content

This Site is available for informational purposes only. Posted content and information, as well as access to this Site, does not constitute any provision of services or products by 21Shares.

No Offer or Advice

The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities or adopt any investment strategy mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change ay any time without prior notice. The information provided does not have regard to specific investment objectives, financial situation, or specific needs of any specific person who may read it. And investors should determine for themselves whether a particular service or product is suitable for their investment needs or should seek such professional advice for their particular situation.

Any reference made, either directly or through content posted to this Site, to a particular security or company is not an endorsement by 21Shares of that security or Company or a recommendation by 21Shares to purchase or sell such security.

Certain statements made on this Site, either directly or through any content provided herein, may contain “forward-looking statements” which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “target”, “project”, “estimate”, “intend”, “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Because such forward-looking statements involve risks and uncertainties, actual results of 21Shares may differ materially from any expectations, projections, market outlooks, estimates or predictions (collectively, “Predictions”) made or implicated in such forward-looking statements, and all Predictions contained herein are subject to certain assumptions. Other events which were unforeseen or otherwise not taken into account may occur; these events may significantly affect the returns or performance of any investment strategy. Any Predictions should not be construed to be indicative of the actual events which will occur. 21Shares assumes no obligation to update any forward-looking statements or information contained herein.

Investments

Past performance is no guarantee of future results. Investments involve risk, including the risk of loss of principal. An investor could lose all or a substantial amount of their investment. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. Investments are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not federally insured or guaranteed by the U.S. government, the FDIC, the Federal Reserve Board, or any other agency.

Please contact your financial professional about any investments, including any restrictions that may be associated with your particular plan.

Social Media

The opinions and views expressed media sites are those of 21Shares and are as of the date published and are subject to change without notice. Our social media sites are owned by third parties unaffiliated with 21Shares. They are for information purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation to buy, sell or hold any security, investment strategy or market sector. No forecasts can be guaranteed. There is no guarantee that the information supplied is accurate, complete, or timely, nor are there any warranties with regards to the results obtained from its use. Past performance is no guarantee of future results. Investing involves risk, including the possible loss of principal and fluctuation of value. We do not provide specific investment advice or offer recommendations. Information provided is not intended to be and should not be considered tax, legal, or accounting advice.

Follows, retweets, replies, “likes”, links to, or any interaction with third-party content in no way constitutes 21Shares’s endorsement of an individual or entity. Additionally, third-party opinions and comments presented on our social media pages do not represent the opinion of 21Shares. To ensure we meet the regulations governing our industry, 21Shares reserves the right to remove anythird-party comment that contains reference to the investment merits of 21Shares, or those that could be construed as an investment testimonial or endorsement of our products, services, or our employees.

21Shares, in our sole discretion, may remove comments that are clearly off-topic, make unsupported claims, promote unrelated content or spam, or are believed to be unlawful, abusive, offensive or inappropriate. 21Shares does not control, is not responsible for and does not expressly or otherwise adopt or endorse any comments, opinions or expressions made by social media users. 21Shares accepts no responsibility for content on third-party sites.

Please keep in mind that social media platforms are public spaces. We encourage you to read the terms within each social media site to protect your privacy. Please avoid posting personal or confidential information specific to your account or relationship with 21Shares. Please contact 21Shares with any questions or contact your financial advisor to assist you. Nothing on these pages is intended to be, nor should be considered, a solicitation or offering of any investment products or services to investors residing in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Investors should carefully consider investment objectives, risks, charges, and expenses before investing. Please read all documents governing the investment carefully before making any decisions.

No Reliance

21Shares has taken reasonable care to ensure that the information contained within this Site is accurate. No representation or warranty (including liability towards third parties), expressed or implied, is made as to its accuracy, reliability, or completeness by 21Shares or their contractual partners. Opinions and any other content are provided by 21Shares for personal use and information purposes only and are subject to change without notice. Nothing contained in this Site constitutes investment, legal, tax, or other advice and is not to be relied on in making an investment or other decision.

No Warranty

The information and opinions contained on this Site, including hyperlinks or references to other sites, are provided ‘as is’ without any warranty of any kind, either expressed or implied, to the fullest extent permissible pursuant to applicable law. You are responsible for evaluating the adequacy, accuracy, reliability, merchantability, non-infringement, completeness of any information or the content available on the Site or fitness for any particular purpose with respect to the Site or any of its content.

Links to Third-Party Websites

The site may include links to third-party websites. Since we do not control third-party websites and are not responsible for any information you may provide while on such sites, we encourage you to read the privacy policies on those websites before providing any of your information on such sites.

Liability Waiver

Neither 21Shares nor any of their respective directors, officers, registered representatives, or employees, nor any third party vendor, will be liable or have any liability, whether in contract, tort, strict liability, or otherwise, for any direct, indirect, incidental, consequential, punitive, or special damages arising out of or in any way connected with your access or use or inability to access or use Site or reliance on the content, or any failure of performance, interruption, defect, delay in transmission, computer viruses, or other harmful components, or line or system failure associated with the Site, regardless of our knowledge thereof.

Indemnification

You hereby indemnify, defend, and hold 21Shares any of their directors, officers, registered representatives, employees, and third-party vendors harmless from and against any and all liabilities, judgements, fines, damages, settlements, and costs (including reasonable attorney's fees and disbursements) incurred in connection with any claim arising out of any breach by you of these Terms of Use or claims arising from your use of the Site.

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Bitcoin and Ethereum

Bitcoin, ether and Bitcoin and Ether Futures Contracts are a relatively new asset class and are subject to unique and substantial risks, including the risk that the value of the Fund’s investments could decline rapidly, including to zero. Bitcoin, ether and Bitcoin and Ether Futures Contracts have historically been more volatile than traditional asset classes. You should be prepared to lose your entire investment.

Market Risk. The prices of bitcoin, ether and Bitcoin and Ether Futures Contracts have historically been highly volatile. The value of the Fund’s investments in Bitcoin and Ether Futures Contracts and other instruments that provide exposure to bitcoin, ether and Bitcoin and Ether Futures Contracts – and therefore the value of an investment in the Fund – could decline significantly and without warning, including to zero. The value of ether and bitcoin has been, and may continue to be, substantially dependent on speculation, such that trading and investing in these crypto assets generally may not be based on fundamental analysis. In addition, the price of bitcoin and ether has been highly correlated, even during periods of volatility, with ether tending to exhibit more pronounced rises and falls. If you are not prepared to accept significant and unexpected changes in the value of the Fund and the possibility that you could lose your entire investment in the Fund you should not invest in the Fund. The price and performance of cryptocurrency futures and cryptocurrency-linked instruments or assets should be expected to differ from the current “spot” prices (the prices at which the cryptocurrency can be purchased immediately) of those same currencies. These differences could be significant. Cryptocurrency futures are subject to costs, margin requirements, collateral requirements, and other limits that may negatively impact their performance or the performance of a investment vehicle which utilizes them. Cryptocurrencies are largely unregulated and cryptocurrency-linked investments may be more susceptible to fraud and manipulation than more regulated investments. Cryptocurrencies and cryptocurrency futures are subject to rapid price swings including as a result of actions and statements by influencers and the media, changes in the supply and demand for the cryptocurrency or their futures, and other factors. If a fund’s ability to obtain exposure to cryptocurrency-linked investments consistent with their investment objectives is disrupted for any reason, including as a result of a lack of liquidity, volatility, or a disruption in the cryptocurrency or cryptocurrency futures market, or as a result of margin requirements, position limits, or other conditions, factors, or limitations of a particular fund, the fund may not be able to achieve its investment objective and may experience significant losses. Cryptocurrencies are subject to unique and substantial risks, including significant price volatility and lack of liquidity. The value of a cryptocurrency may decline significantly without warning, including to zero. Cryptocurrencies are largely unregulated and cryptocurrency-linked investments maybe more susceptible to fraud and manipulation than more regulated investments. If a fund’s ability to obtain exposure to cryptocurrency-linked investments consistent with their investment objectives is disrupted for any reason, including as a result of a lack of liquidity, volatility, or a disruption in the cryptocurrency or cryptocurrency futures market, or as a result of margin requirements, position limits, or other conditions, factors, or limitations of a particular fund, the fund may not be able to achieve its investment objective and may experience significant losses