VAVAVanEck Avalanche ETN
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
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
Product Details
-
Product Ticker
VAVA -
Custodian
Bank Frick & Co. AG -
Domicile
Liechtenstein -
UCITS Compliant
No -
UCITS Eligible
Yes* -
Index Ticker
MVAVAXV -
Index Provider
MarketVector Indexes GmbH
2The date the ETN was launched prior to quotation on the stock exchange.
*This might be seen differently by local regulators in single EU member states and the fund manager is recommended to verify this.
as of 09 Jun 2023
-
NAV1
1.53 -
Notes Outstanding
3,047,000 -
Number of Holdings
1 -
Base Currency
USD -
Net Assets
$4.7M -
Product Structure
Physical (Full Replication) -
Income Treatment
Reinvestment -
Distribution Frequency
None -
Total Expense Ratio
1.50% - Fact Sheet
- Holiday Calendar
Trading Information as of 09 Jun 2023
Swiss Exchange
CHF
| Exchange Ticker | VAVACHF |
| ISIN | DE000A3GV1T7 |
| SEDOL | BP6JWJ8 |
| Bloomberg | VAVACHF SE |
| Reuters (RIC) | VAVACHF.S |
| Valor | 115281640 |
| Bloomberg iNAV | -- |
| Reuters iNAV | -- |
| WKN | A3GV1T |
| Trading Currency | CHF |
| Last Traded Price | 1.37 |
| Day's Move | 0 |
| Volume | 0 |
| 30 Day Volume | 67 |
| VWAP Volume | 0 |
Performance History* (%)
| 1 MO* | 3 MO* | YTD* | 1 YR | 3 YR | 5 YR | 10 YR | ETN INCEPTION | |
|---|---|---|---|---|---|---|---|---|
| VAVA (NAV) | -19.16 | -19.80 | 27.21 | -47.05 | -- | -- | -- | -72.09 |
| MVAVAXV (Index) | -19.04 | -19.48 | 27.93 | -46.22 | -- | -- | -- | -71.66 |
| Performance Differential (NAV - Index) | -0.12 | -0.32 | -0.72 | -0.83 | -- | -- | -- | -0.43 |
| 1 MO* | 3 MO* | YTD* | 1 YR | 3 YR | 5 YR | 10 YR | ETN INCEPTION | |
|---|---|---|---|---|---|---|---|---|
| VAVA (NAV) | -0.30 | 58.14 | 58.14 | -82.61 | -- | -- | -- | -72.00 |
| MVAVAXV (Index) | -0.18 | 58.59 | 58.59 | -82.34 | -- | -- | -- | -71.57 |
| Performance Differential (NAV - Index) | -0.12 | -0.45 | -0.45 | -0.27 | -- | -- | -- | -0.43 |
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| ETN (NAV) | -- | -- | -- | -- | -89.89 |
| MVAVAXV (Index) | -- | -- | -- | 3,683.90 | -89.72 |
Market Makers
Authorised Participants
Registered Countries
Top 10 Holdings (%) as of 31 May 2023 View All Holdings »
| Holding Name |
Ticker
|
Number |
Market Value (USD) |
% of Net Assets |
|---|---|---|---|---|
| Avalanche | AVAX | 329,877 | 4,643,062 | 100.21 |
| Other/Cash | -- | 0 | -9,736 | -0.21 |
| Top 10 Total (%) | 100.00 | |||