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VTOP
VanEck Crypto Leaders ETN

Product Description

The VanEck Crypto Leaders ETN is a fully-collateralized exchange traded note that invests in the largest and most liquid digital assets. The note seeks to replicate the value and yield performance of the MVIS® CryptoCompare Crypto Leaders VWAP Close Index.

  • Direct exposure to the most liquid digital assets amongst the top 10 in accordance with the custodian specifications applicable and the approvals by the relevant stock exchanges.
  • 100% backed by native tokens 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

MVIS CryptoCompare Crypto Leaders VWAP Close Index (MVLEADV Index).

Product Details
 

  • Product Ticker

    VTOP
  • Custodian

    Bank Frick & Co. AG
  • Domicile

    Liechtenstein
  • UCITS Compliant

    No
  • UCITS Eligible

    Yes*
  • Index Ticker

    MVLEADV
  • Index Provider

    MarketVector Indexes
1The ETNs’ value is determined at 4.00 pm CET of each business day, and represents the value of one note; it is calculated by taking the total assets linked to the ETN, subtracting total liabilities, and dividing by the total number of notes outstanding. The value is not necessarily the same as the ETNs’ intraday trading price. Investors should not expect to buy or sell the ETN at the determined value.

2The date the ETN was launched prior to quotation on the stock exchange.

*This might be seen differently by local regulators in single EU member states and the fund manager is recommended to verify this.

 
as of 06 Feb 2023

  • NAV1

    3.88
  • Notes Outstanding

    1,295,000
  • Number of Holdings

    7
  • Base Currency

    USD
  • Net Assets

    $5.0M
  • Product Structure

    Physical (Full Replication)
  • Income Treatment

    Reinvestment
  • Distribution Frequency

    None
  • Total Expense Ratio

    1.50%
  • Fact Sheet
  • Holiday Calendar

Trading Information as of 06 Feb 2023

SIX
Swiss Exchange
USD
Exchange Ticker VTOP
ISIN DE000A3GWEU3
SEDOL BPKC0S8
Bloomberg VTOP SE
Reuters (RIC) --
Valor 115718916
Bloomberg iNAV --
Reuters iNAV --
WKN A3GWEU
Trading Currency USD
Last Traded Price 3.94
Day's Move -0.10
Volume 0
30 Day Volume 609
VWAP Volume 0

NAVs as of 06 Feb 2023

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
VTOP USD $3.88 $-0.09 / -2.25% +43.97%
1.50

Performance History* (%)

  1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETN INCEPTION
VTOP (NAV) 41.81 0.73 41.81 -49.89 -- -- -- -58.95
MVLEADV (Index) 41.94 1.11 41.94 -49.15 47.58 -- -- -58.34
Performance Differential (NAV - Index) -0.13 -0.38 -0.13 -0.74 -- -- -- -0.61
  1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETN INCEPTION
VTOP (NAV) -8.33 -24.18 -- -- -- -- -- -72.23
MVLEADV (Index) -8.21 -23.81 -75.18 -75.18 47.82 -- -- -71.82
Performance Differential (NAV - Index) -0.12 -0.37 -- -- -- -- -- -0.41
  2018 2019 2020 2021 2022
MVLEADV (Index) -- -- -- 256.37 -75.18

Market Makers

Top 10 Holdings (%) as of 31 Jan 2023 View All Holdings »

Total Holdings: 7
Swipe<br>to view <br> full data
Holding Name
Ticker
Number Market Value
(USD)
% of Net
Assets
Bitcoin BTC 67 1,559,695 31.49
Ethereum ETH 934 1,480,410 29.89
Cardano ADA 1,488,110 565,631 11.42
Polygon MATIC 377,530 418,242 8.45
Solana SOL 15,686 378,978 7.65
Polkadot DOT 49,255 308,238 6.22
Tron TRX 3,983,420 248,315 5.01
Other/Cash -- 0 -7,267 -0.15
Top 10 Total (%) 100.00
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

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