Purpose Ether ETF - Non-Hedged Class I Units Strategy

The fund has been created to invest all or substantially all of its assets in long-term holdings of Ether and seeks to provide unitholders with the opportunity for long-term capital appreciation. To achieve its investment objective, the fund invests in and holds substantially all of its assets in long-term holdings of Ether in order to provide unitholders with a secure, convenient, lower-cost alternative to a direct investment in Ether. The fund will not speculate with regard to short-term changes in Ether prices. The Ether Fund will not use derivatives instruments, the underlying interest of which is Ether, for non-hedging purposes.