ChainCatcher news, according to CryptoSlate, ProShares submitted the S-1 registration statement for the Ethereum spot ETF on June 11. According to the document, Coinbase Credit will serve as the company's trading credit lender, allowing it to borrow Ethereum (ETH) and cash in certain transactions that exceed the trading balance. Bank of New York Mellon will serve as a transfer agent, processing subscription and redemption orders and keeping records of fund ownership. In addition, Bank of New York Mellon (BNY Mellon) will serve as an administrator and cash custodian, Coinbase Custody will serve as an Ethereum custodian, Coinbase Inc. will serve as the main execution agency, Delaware Trust Company will serve as a trustee, and ProShare Capital Management will serve as an issuer.