Smart Contract Leaders ETP
VanEck Smart Contract Leaders ETN
Smart Contract Leaders ETP
VanEck Smart Contract Leaders ETN
Product Description
The VanEck Smart Contract Leaders ETN is a fully-collateralized exchange traded note that invests in the largest and most liquid smart contract assets. The note seeks to replicate the value and yield performance of the MarketVector™ Smart Contract Leaders VWAP Close Index.
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NAV$8.44
as of 25 Sep 2024 -
YTD RETURNS3.49%
as of 25 Sep 2024 -
Total Net Assets$2.11 million
as of 25 Sep 2024 -
Total Expense Ratio1.50%
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Inception Date26 Apr 2022
Overview
Product Description
The VanEck Smart Contract Leaders ETN is a fully-collateralized exchange traded note that invests in the largest and most liquid smart contract assets. The note seeks to replicate the value and yield performance of the MarketVector™ Smart Contract Leaders VWAP Close Index.
- Direct exposure to the most liquid smart contract assets 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
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 Smart Contract Leaders VWAP Close Index (MVSCLEV Index).
Fund Highlights
- Direct exposure to the most liquid smart contract assets 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 Smart Contract Leaders VWAP Close Index (MVSCLEV Index).