VSMA

VanEck Smart Contract Leaders ETN

Index Description

The MarketVector Smart Contract Leaders VWAP Close Index is designed to track the performance of the largest and most liquid smart contract assets, and is an investable subset of MarketVector™ Smart Contract Index. All assets on the selection list must be listed on at least one of the top 15 exchanges by CryptoCompare’s Exchange Benchmark. A 30% capping scheme per underlying is applied. The components of the MarketVector™ Smart Contract Index are screened in accordance with the custodian specifications applicable to the client and the index does not include crypto assets that are not accepted by Deutsche Börse AG as an underlying. Information is provided by the respective 3rd party partners of the client. 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.