VTOPVanEck 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
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
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 |
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
Authorised Participants
Registered Countries
Top 10 Holdings (%) as of 31 Jan 2023 View All Holdings »
| 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 | |||