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VGND

Algorand ETP
VanEck Algorand ETN

VGND

Algorand ETP
VanEck Algorand ETN

ISIN: DE000A3GWNE8 copy-icon
Security-No: 116177217 copy-icon

Product Description

The VanEck Algorand ETN is a fully-collateralized exchange traded note that invests in ALGO The note seeks to replicate the value and yield performance of the MarketVector™ Algorand VWAP Close Index.

  • NAV
    $2.78

    as of 04 Mar 2024
  • YTD RETURNS
    11.82%

    as of 04 Mar 2024
  • Total Net Assets
    $1.25 million

    as of 04 Mar 2024
  • Total Expense Ratio
    1.50%
  • Inception Date
    24 Mar 2022

Overview

Product Description

The VanEck Algorand ETN is a fully-collateralized exchange traded note that invests in ALGO The note seeks to replicate the value and yield performance of the MarketVector™ Algorand VWAP Close Index.

  • Direct exposure to the tokens underpinning the smart contract Algorand platform.
  • 100% backed by ALGO 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 Algorand VWAP Close Index (MVALGOV)

Fund Highlights

  • Direct exposure to the tokens underpinning the smart contract Algorand platform.
  • 100% backed by ALGO 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 Algorand VWAP Close Index (MVALGOV)

Performance

Holdings

Portfolio

Literature

Index