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 MVIS® CryptoCompare 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
MVIS Cryptocompare Algorand VWAP Close Index (MVALGOV Index).