VAVA
VanEck Avalanche ETN
VAVA
VanEck Avalanche ETN
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NAV$2.36
as of 05 Dec 2023 -
YTD RETURNS97.29%
as of 05 Dec 2023 -
Total Net Assets$8.82 million
as of 05 Dec 2023 -
Total Expense Ratio1.50%
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Inception Date08 Dec 2021
Overview
Product Description
The VanEck Avalanche ETN is a fully-collateralized exchange traded note that invests in AVAX. The note seeks to replicate the value and yield performance of the MarketVector™ Avalanche VWAP Close Index.
- Direct exposure to the tokens underpinning the smart contract Avalanche platform, unique for its fast speeds and light hardware specs.
- 100% backed by Avalanche and stored in cold storage at a regulated crypto custodian with crypto insurance (up to a limited amount)
- Tradeable like an ETF on regulated exchanges
Risk Factors: Volatility Risk: The trading prices of many digital assets have experienced extreme volatility in recent periods and may well continue to do so. Digital assets were only introduced within the past decade and regulatory clarity remains elusive in many jurisdictions.Currency Risk, Technology Risk, Legal and Regulatory Risks
Underlying Index
MarketVector Avalanche VWAP Close Index (MVAVAXV Index).