How are shares of the CurrencyShares offered?
Each CurrencyShares Trust issues shares that represent units of fractional undivided beneficial interest in, and ownership of, the Trust. Shares may be purchased from each Trust only in one or more blocks of 50,000 Shares, called “Baskets”. The Trusts issue shares in Baskets on a continuous basis to authorized participants (Depository Trust Company participants that are registered broker-dealers or other securities market participants, such as a bank or other financial institution, that are not required to register as a broker-dealer to engage in securities transactions, and that has entered into a Participant Agreement with the Trustee). It is expected that shares of each Trust will be offered and sold to the public by authorized participants at varying prices in U.S. Dollars to be determined by reference to, among other things, the market price of the currency held by the particular Trust and the trading price of the shares on the NYSE Arca at the time of each sale. Authorized Partic
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