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Smart Contract Leaders ETP
VanEck Smart Contract Leaders ETN
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VSMA
Smart Contract Leaders ETP
VanEck Smart Contract Leaders ETN
ISIN:
DE000A3GXNT4
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$5.87
as of 06 Feb 2026 -
YTD RETURNS-26.92%
as of 06 Feb 2026 -
Total Net Assets$1.82 million
as of 06 Feb 2026 -
Total Expense Ratio1.50%
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
- Tradeable like an ETF on regulated exchanges
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 ETNs. The value of the investments may go up or down and the investor may not get back the amount invested.
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
- No lending of underlying components
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).
Capital Markets
VanEck partners with esteemed market makers to ensure the availability of our products for trading on the mentioned stock exchanges. Our Capital Markets team is committed to continuously monitoring and assessing spreads, sizes, and prices to ensure optimal trading conditions for our clients. Furthermore, VanEck ETFs are available on various trading platforms, and we collaborate with a wider range of reputable Authorized Participants (APs) to promote an efficient and fair trading environment. For more information about our APs and to contact our Capital Markets team, please visit factsheet capital markets.pdf.Performance
Holdings
Portfolio
Documents
Index
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. Further information about MVSCLEV e.g. with regards to the index methodology and changes of the index may be found on www.marketvector.com.Awards
Main Risks
Main Risk Factors
The trading prices of many digital assets have experienced extreme volatility in recent periods and may continue to do so. There is a risk of total loss as no guarantee can be made regarding custody due to hacking risk, counterparty risk and market risk.
Market disruptions and governmental interventions may make digital assets illegal.
Trading venues/systems may be subject to hacking and can lead to loss.