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ETN Ethereum

L'avenir des produits et services financiers

Ethereum ETN - Header

VanEck ETN Ethereum

  • Exposition à la première et à la plus importante plateforme de contrats intelligents
  • Garantie à 100 % par ETH dans un "cold wallet" chez un dépositaire réglementé
  • Négociable sur les bourses réglementées
  • Frais sur encours de 1 %.
VETH

Détails de l'ETN

Détails de l'ETN

Basis-Ticker: VETH
ISIN: DE000A3GPSP7
TER: 1.00%
AUM: $161,9 Mio (au 12-04-2024)

Faibles risques

Rendement potentiellement plus faible

Risques élevés

Rendement potentiellement plus élevé
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Voir les Principaux facteurs de risques décrits ci-dessous et des risques supplémentaires décrits dans le prospectus de vente.

Qu’est-ce qu’Ethereum ?


Une technologie éprouvée et un fort effet de réseau

Ethereum, et sa devise native ETH, possèdent l’effet de réseau le plus fort par rapport à toutes les autres plateformes de contrats intelligents sur le marché. Sa technologie aguerrie s’améliore continuellement grâce à l’écosystème massif de développeurs qui s’appuient sur son réseau.

Investir dans l’avenir potentiel des services et produits financiers

L’Ethereum est une plateforme en plein essor pour la numérisation des actifs physiques – sans doute une nouvelle frontière pour la finance et de nombreux autres secteurs. À mesure que la plateforme gagne du terrain, sa monnaie Ether (ETH) prend de la valeur. L’ETN Ethereum de VanEck permet d’investir dans cet écosystème en pleine croissance, comme un ETF traditionnel.

What is Staking

Ethereum is a decentralized, open-source blockchain platform that enables smart contract functionality. It allows developers to build and deploy decentralized applications (DApps) on its network. Ether (ETH) is the native cryptocurrency of Ethereum, used to compensate participants who perform computations and validate transactions.


Proof-of-Stake (PoS) is a consensus mechanism used by some blockchain networks, including Ethereum, to achieve agreement on the state of the network. In a PoS system, validators (participants who hold a stake in the network) are chosen to create new blocks and validate transactions based on the amount of cryptocurrency they hold and are willing to "stake" as collateral. The more cryptocurrency a validator stakes, the more likely they are to be chosen to validate transactions and create new blocks.

Here's how it works:

  1. Validators lock up a certain amount of cryptocurrency as stake.
  2. Validators are chosen to create new blocks and validate transactions based on a combination of factors, including the amount of cryptocurrency they hold and are willing to stake, and a random or deterministic selection process.
  3. Validators who successfully validate transactions and create new blocks are rewarded with transaction fees and newly minted cryptocurrency.
  4. Validators who behave maliciously or try to attack the network risk losing their staked cryptocurrency as a form of punishment.
  • Resource Requirement: Proof-of-Work requires validators (miners) to expend computational resources (electricity and hardware) to solve complex mathematical puzzles, whereas Proof-of-Stake requires validators to stake cryptocurrency.
  • Security: Both mechanisms aim to secure the network, but they do so in different ways. Proof-of-Work relies on the computational power of miners to secure the network, while Proof-of-Stake relies on the economic incentives of validators to maintain the network's integrity.
  • Environmental Impact: Proof-of-Work is criticized for its high energy consumption, as mining requires significant computational power. Proof-of-Stake is considered to be more energy-efficient because it doesn't require intense computational calculations.
  • Decentralization: Both mechanisms have implications for decentralization. Some argue that Proof-of-Work tends to centralize around miners with significant resources, while Proof-of-Stake may lead to centralization among validators with large stakes. However, PoS protocols often implement mechanisms to mitigate centralization risks, such as delegation or slashing.

In summary, Ethereum is a blockchain platform that supports smart contracts, and it transitioned from a Proof-of-Work to a Proof-of-Stake consensus mechanism in 2022, where validators are chosen based on the amount of cryptocurrency they hold and are willing to stake, rather than the computational power they provide.

Earn up to 5% Additional Yield* with the VanEck Ethereum ETN

The Ethereum Staking Yield is by many considered to be like the “risk-free” rate of Crypto. Staking is the use of capital at risk in the form of locked tokens to secure the network, earn yield for providing your resource. The locked tokens represent a vote that contributes in distributed consensus and execution of transactions.

  • Earn passive income through the VanEck Ethereum ETN
  • Access to staking yield with a product that trades like an ETF
  • Contribute to the network’s security, a win-win for the investor and the decentralized community

How does Staking work in Practice for the VanEck Ethereum ETN?

Staking is now enabled for the VanEck Ethereum ETN. What does this mean for you as investor and what do you need to do to earn additional rewards? Here are the key features of how staking is done through the VanEck Ethereum ETN.

  • The staking methods we employ are fully non-custodial, that means that the Custodian of the ETNs assets remains in full control of the staked assets. There is no lending risk involved.
  • Investors of the Ethereum ETN do not need to take any action, if rewards are paid out, they will be accounted for in the coin entitlement of the ETN. There is no difference whether you acquired the ETN last year or last week, the total staking rewards acquired during last timeframe will be equally distributed (minus the staking provider fees and tax)
  • Any staking rewards will be included in the end of day NAV on a daily basis with a cut-off point at 4pm CET. The rewards to be included in the NAV are accrued for the previous day (or days in case of weekends and holidays) from 00:00 UTC (T-1) to 00:00 UTC (T).
  • How does staking work in practice in case of the ETN?
    1. VanEck utilizes the Physical ETH held by theETN for staking by instructing the custodian to deposit ETH on a validator deposit address. The validator node is owned and maintained by the staking provider, but control of the deposited ETH remains at the custodian. The control of the deposited ETH never leaves the cold storage of the custodian.
    2. Once successfully deposited on the validator node, the validator node receives consensus layer and execution layer rewards on continuous basis.
    3. The accrued rewards are reinvested (and sometimes also staked again)) into the note on a daily basis. The accrued rewards are reflected in the ETNs performance
    4. This process is repeated, scaled up or down depending on network and market circumstances to ensure the Ethereum ETN remains sufficiently redeemable on any given business day. We have processes and monitoring in place to manage the liquidity requirements of the ETN.

Ajout d'un ETN Ethereum à un portefeuille

Même une petite allocation à un ETN Ethereum aurait amélioré la performance d’un portefeuille au cours des dernières années. Cette exposition peut s'obtenir avec l'ETN Ethereum de VanEck, de la même manière qu’un ETF.

Portefeuille 60 % actions/40 % obligations

*Les actions sont représentées par l’indice MSCI World NR USD. Les obligations sont représentées par l’indice Bloomberg Barclays Global Aggregate Corporate.

Source : Morningstar. Les performances citées représentent les performances passées qui ne sont pas une garantie des résultats futurs. Les performances futures peuvent être inférieures ou supérieures aux performances actuelles. Les rendements des placements fluctuent, de sorte que les actions des investisseurs, au moment de leur rachat, peuvent avoir une valeur supérieure ou inférieure à leur coût initial.

Ajouter 0,5 % d’Ethereum

*Les actions sont représentées par l’indice MSCI World NR USD. Les obligations sont représentées par l’indice Bloomberg Barclays Global Aggregate Corporate.

Source : Morningstar. Les performances citées représentent les performances passées qui ne sont pas une garantie des résultats futurs. Les performances futures peuvent être inférieures ou supérieures aux performances actuelles. Les rendements des placements fluctuent, de sorte que les actions des investisseurs, au moment de leur rachat, peuvent avoir une valeur supérieure ou inférieure à leur coût initial.

Ajouter 1 % d’Ethereum

*Les actions sont représentées par l’indice MSCI World NR USD. Les obligations sont représentées par l’indice Bloomberg Barclays Global Aggregate Corporate.

Source : Morningstar. Les performances citées représentent les performances passées qui ne sont pas une garantie des résultats futurs. Les performances futures peuvent être inférieures ou supérieures aux performances actuelles. Les rendements des placements fluctuent, de sorte que les actions des investisseurs, au moment de leur rachat, peuvent avoir une valeur supérieure ou inférieure à leur coût initial.