VTOP
VanEck Crypto Leaders ETN
VTOP
VanEck Crypto Leaders ETN
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NAV$3.39
as of 28 Sep 2023 -
YTD RETURNS25.80%
as of 28 Sep 2023 -
Total Net Assets$7.82 million
as of 28 Sep 2023 -
Total Expense Ratio1.50%
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Inception Date14 Jan 2022
Overview
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 MarketVector™ 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
MarketVector Crypto Leaders VWAP Close Index (MVLEADV Index).