[ProShares submits Ethereum ETF registration statement, Bank of New York Mellon and Coinbase roles expanded] According to Golden Finance, ProShares submitted the S-1 registration statement for the spot Ethereum ETF on June 11, clarifying and expanding the roles of each party. The document shows that Coinbase Credit will act as a trade credit lender, allowing it to borrow Ethereum and cash for certain transactions that exceed the trading balance. Bank of New York Mellon will act as a transfer agent, processing subscription and redemption orders and keeping records of fund ownership. The document also details the roles of each party, including Bank of New York Mellon as administrator and cash custodian, Coinbase Custody as Ethereum custodian, Coinbase Inc. as primary execution agency, Delaware Trust Company as trustee, and ProShare Capital Management as sponsor. The document allows changes to each position, including the initial term of the Bank of New York Mellon administrator position of two years and annual renewal. ProShares can also add or terminate ETH custodians, cash custodians and primary execution agents at any time. Coinbase can also choose to resign from the role of cash custodian.