Product Description

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

• Direct exposure to Polygon, a “layer 2” blockchain which uses an innovative SDK (software development kit) to attract developers looking to build Ethereum-compatible decentralized applications more cost efficiently.
• 100% backed by Polygon and stored in cold storage at a regulated crypto custodian
• 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.

Main 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. You can lose money by investing in the Funds. The value of the investments may go up or down and the investor may not get back the amount invested.

Underlying Index

MarketVector Polygon VWAP Close Index (MVMATICV Index).