Eversheds Sutherland Advises Teucrium As Sponsor for Y’all Street Physical Gold and Silver ETFs, Trading on the Nasdaq with Texas Precious Metals as Sole Custodian

ETF Solutions by Teucrium provides infrastructure and support for asset managers seeking to launch their own ETFs.

As custodian, Texas Precious Metals holds and safekeeps every ounce of the funds’ physical gold and silver in fully allocated bars at its depositories — offering investors a domestic, U.S.-vaulted option for the first time in history. Unlike many existing bullion ETFs that rely on unallocated pool holdings — which can expose investors to the credit risk of clearing banks — the Y’all Street funds are structured so that none of the funds’ metal is held on an unallocated basis.

Read the full press release here.

The Eversheds Sutherland deal team advising on this matter was led by Capital Markets Partner Eric Simanek and included Capital Markets Associate Samantha Wood with support from Tax Partner Brian Tschosik, Investment Services Senior Counsel Ethan Corey, Capital Markets Counsel Brandon Hill, ERISA Partner David Kaleda, Tax Partner Liz Cha, Tax Counsel Diane Beleckas and Corporate Associate Grant Cole.