Grayscale Filecoin Trust Fil Shs Accd Inv
Overview
Grayscale Filecoin Trust (FIL) is a statutory trust. The TrustÂżs investment objective is for the value of the shares (based on FIL per share) to reflect the value of FIL held by the Trust, less the TrustÂżs expenses and other liabilities. The activities of the Trust includes issuing baskets in exchange for FIL transferred to the Trust as consideration in connection with the creations; transferring or selling FIL, incidental rights and IR virtual currency as necessary to cover the sponsorÂżs fee and/or any additional trust expenses; transferring FIL in exchange for baskets surrendered for redemption; causing the sponsor to sell FIL, incidental rights and IR virtual currency on the termination of the Trust; making distributions of incidental rights and/or IR virtual currency or cash from the sale thereof, and engaging in all administrative and security procedures.