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VAVA VanEck Avalanche ETN Please read important disclosure Close important disclosure true
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VAVA

Avalanche ETP
VanEck Avalanche ETN

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VAVA

Avalanche ETP
VanEck Avalanche ETN

ISIN: DE000A3GV1T7 copy-icon
WKN: A3GV1T copy-icon

Product Description

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

  • NAV
    $5.48

    as of 13 Dec 2024
  • YTD RETURNS
    28.79%

    as of 13 Dec 2024
  • Total Net Assets
    $30.48 million

    as of 13 Dec 2024
  • Total Expense Ratio
    1.50%
  • Note Characteristic
    Physical Redemption*

Overview

Product Description

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

  • Direct exposure to the tokens underpinning the smart contract Avalanche platform, unique for its fast speeds and light hardware specs.
  • 100% backed by Avalanche 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

The VanEck Digital Assets ETNs provide the right to redeem against delivery of the respective cryptocurrency. In our opinion, therefore, after the expiry of a holding period of 12 months, the result from the return may be tax-free (non-taxable) for private investors who are taxable in Germany.

This information does not constitute tax advice and cannot replace it. For an assessment of your taxation, please contact your tax advisor.

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 Avalanche VWAP Close Index (MVAVAXV Index).

Fund Highlights

  • Direct exposure to the tokens underpinning the smart contract Avalanche platform, unique for its fast speeds and light hardware specs.
  • 100% backed by Avalanche 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 Avalanche VWAP Close Index (MVAVAXV Index).

Capital Markets

VanEck partners with esteemed market makers to ensure the availability of our products for trading on the mentioned stock exchanges. Our Capital Markets team is committed to continuously monitoring and assessing spreads, sizes, and prices to ensure optimal trading conditions for our clients. Furthermore, VanEck ETFs are available on various trading platforms, and we collaborate with a wider range of reputable Authorized Participants (APs) to promote an efficient and fair trading environment. For more information about our APs and to contact our Capital Markets team, please visit factsheet capital markets.pdf.

Performance

Holdings

Portfolio

Documents

Index

Index Description

The MarketVector Avalanche VWAP Close Index is designed to track the performance of an Avalanche digital asset. There is no component other than AVAX in the index. The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at 16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET. The VWAPs are calculated with CCCAGG prices. Further information about MVAVAXV e.g. with regards to the index methodology and changes of the index may be found on www.marketvector.com.

Awards

Main Risk

Main Risk Factors of an Avalanche ETN

Despite all the hype, digital assets are a highly risky investment. Below are key risk factors that need to be considered before making an investment in an Avalanche ETN.

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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. Digital assets' value depends on such regulation remaining favorable, as well with the technological capabilities, the development of protocol networks, competition from other digital asset networks and from forks. Volatility can be strongly amplified by transactions from speculative investors, hedge funds and other large investors. You may experience losses if you need to sell your Shares at a time when the price of the underlying digital asset is lower than it was when you made your prior investment. Even if you are able to hold Shares for the long-term, your Shares may never generate a profit. This is a factor to take into account when considering an investment in an Avalanche ETN.

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If the currency of the Product differs from the currency you invest in, your final return depends on the exchange rate between your investment currency and the currency of the Product. That is another factor to consider when investing in an Avalanche ETN.

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Trading venues and systems used by market participants to trade AVAX may be subject to hacking and could result in loss of AVAX. That is another factor to take into consideration when making an investment in an Avalanche ETN.