Important Disclosures 

The VanEck Alpha Onshore Fund, LP (the “Fund”) is not an investment company registered under the Investment Company Act of 1940, and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940. While the Fund may trade commodity futures, commodity options contracts and other CFTC Regulated Products, the general partner intends to rely on the CFTC Rule 4.13(a)(3) exemption from registration as a Commodity Pool Operator (“CPO”) and at all times the Fund will meet (i) trading limitations, (ii) investor suitability requirements and (iii) offering and marketing restrictions. Before making an investment decision, you should carefully consider the risk factors and other information included in the Private Placement Memorandum (“PPM”). 

The Fund is available to Qualified Purchasers Only. Please carefully read the Private Placement Memorandum before investing. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. There is no guarantee the Fund will achieve its investment objective and investors may lose their entire investment. The Fund is not suitable for all investors. Past performance is not a guarantee of future results. Effective October 1, 2026, the Fund broadened its investment mandate and changed its name. Performance for periods prior to that date was achieved under a different, digital-asset-focused strategy and may not be representative of the Fund’s current strategy or of future results.

The Fund’s investment program is speculative and entails substantial risks. There can be no assurance that the Fund’s investment objective will be achieved. 

Your individual performance may be different and will be reflected in your monthly investor statement. It is important to rely on the monthly investor statement that you receive from the fund’s Administrator, as the statement will indicate your individual performance. An individual investor’s performance may differ, perhaps materially, from the performance results set forth herein due to a number of factors, including (a) participation in new issues, (b) timing of individual contributions/ subscriptions and withdrawals/redemptions, (c) any accumulated loss carryforwards and (d) different expenses, fees and other charges paid by certain investors. 

An investment in the Fund is subject to risks which include, among others, regulatory, general investment and trading, concentration and limited diversification, reliance on the Investment Manager, changes in investment strategy, use of leverage and financing, short selling, hedging and derivatives, illiquid investments and side pocket investments, master-feeder structure, technology companies, companies dependent upon new technologies, artificial intelligence companies, small- and mid-cap companies, equity securities, exchange-traded funds, pre-IPO and privately negotiated investments, special purpose acquisition companies (SPACs), special situations and event-driven investments, distressed and high-risk securities, loans and subordinated debt, material non-public information (including resulting restrictions on the Fund’s ability to trade), fixed-income securities and interest rates, opaque spot market, digital assets, digital asset exchanges, investing through DEXes, stablecoin, OTC transactions, valuation and liquidity, cryptocurrency lending, digital asset lending and borrowing, DeFi lending of digital assets, digital asset lending programs offered by certain CeFi and DeFi exchanges, rebasing of digital assets, impermanent loss, proof-of-stake and slashing, rug pull scams, credit, credit market illiquidity, third party wallet providers, loss of private key, volatility and speculative nature of digital assets trading, digital asset network protocols and software, digital asset network malicious actors, forks and airdrops, digital asset miners ceasing operations, cybersecurity, computer malware and viruses, data loss, incorrect transfer of digital assets, initial coin/pre-sale initial coin offerings, SAFEs and SAFTs, synthetic investments, options, futures, forwards, custody of fund assets, non-U.S. securities, and counterparty risks. Please note that this is not an exhaustive list of risks pertaining to the Fund. Please read carefully the PPM for a complete list of potential risks. Please contact us at [email protected] for the Private Placement Memorandum which contains additional risk information. 

The Fund’s investment objective is to provide long-term capital appreciation by investing, on a wrapper-agnostic basis, in (i) technology and technology-related companies (“Technology Companies”) and (ii) digital assets such as cryptocurrencies, protocols, stablecoins, digital currencies, cryptocommodities, digital currency networks, digital coins, altcoins, cryptocurrency platforms, decentralized application tokens and protocol tokens, app coins, blockchain-based assets, cryptoassets and other cryptofinance and digital assets and instruments that are based on or related to blockchain, distributed ledger, directed acyclic graph or similar technologies that currently exist or may exist in the future (collectively, “Digital Assets”). “Technology Companies” means any issuer or enterprise that the Investment Manager, in its discretion, believes is engaged in, develops, provides, produces, applies, uses, relies upon, depends on, enables, facilitates, is enabled by, advances, disrupts, is disrupted by, competes with, invests in, is exposed to (directly or indirectly), or is, or is reasonably expected to be, affected or influenced by, or to benefit from or contribute to, technology, technological innovation, blockchain, market infrastructure, science, research and development, data or innovation, in any field, industry, sector or geography, and at any stage of development, from early-stage private enterprises to large-capitalization public companies (whether or not any such characterization, benefit, contribution or effect is realized or ultimately occurs). Investments in Technology Companies and/or Digital Assets may each, individually or together, constitute up to 100% of the Fund’s portfolio. For the avoidance of doubt, at the time of investment and thereafter, the contribution of technology, blockchain, stablecoin or tokenization related factors to an issuer’s or asset’s valuation or to the Fund’s returns may be de minimis or zero. 

The Investment Manager pursues a high-conviction, opportunistic strategy and may take positions, long or short, throughout the capital structure and in any form, including common and preferred equity securities, debt and convertible securities, ADRs, ETFs and other pooled vehicles, notes, warrants, futures, options, swaps and other derivatives, and tokens and other Digital Assets. The Fund intends to invest primarily in liquid assets. The Fund generally expects to hold a concentrated portfolio of high-conviction positions, but may hold a more diversified portfolio, and will evaluate opportunities based on a variety of factors, including, but not limited to, long-term potential, market opportunity, competitive position, unit or token economics, and valuation relative to potential. The Investment Manager may also invest a portion of the Fund’s assets (generally not more than approximately 20% of net asset value at the time of investment) on a sector-agnostic and opportunistic basis, including in “Special Situations” such as event-driven, distressed, restructuring, SPAC and other catalyst-oriented investments, and may make illiquid investments, including privately negotiated and pre-IPO investments, which are generally designated as side pocket investments. The Fund may also seek to generate additional yield through staking solutions and Digital Asset lending, including through decentralized finance (“DeFi”) protocols. 

With the goal of limiting potential losses associated with adverse market conditions, excessively high valuations and drawdowns, the Investment Manager employs a risk-based and dynamic approach to managing the Fund’s exposures and may, in its discretion, substantially reduce the Fund’s directional and net market exposure, including by reducing any position or exposure (including the Fund’s Digital Asset exposure) to zero, holding all or substantially all of the Fund’s assets in cash or cash-equivalents, taking short positions, and utilizing derivatives, leverage and other instruments to hedge or offset market exposure or for efficient portfolio management. The Fund’s remaining assets will generally be used to generate yield and/or preserve capital and to manage liquidity and collateral. The Fund invests substantially all of its assets through a “master-feeder” structure in a master fund. 

Cryptocurrencies and digital assets are not suitable for all investors. Investments in digital assets and Technology Companies are highly speculative and involve a high degree of risk. These risks include, but are not limited to: the technology is new and many of its uses may be untested; intense competition; slow adoption rates and the potential for product obsolescence; volatility and limited liquidity, including but not limited to, inability to liquidate a position; loss or destruction of key(s) to access accounts or the blockchain; reliance on digital wallets; reliance on unregulated markets and exchanges; reliance on the internet; cybersecurity risks; and the lack of regulation and the potential for new laws and regulation that may be difficult to predict. Moreover, the extent to which Technology Companies or digital assets utilize blockchain technology may vary, and it is possible that even widespread adoption of blockchain technology may not result in a material increase in the value of such companies or digital assets. 

Digital asset prices are highly volatile, and the value of digital assets, and Technology Companies, can rise or fall dramatically and quickly. If their value goes down, there’s no guarantee that it will rise again. As a result, there is a significant risk of loss of your entire principal investment. 

Digital assets are not generally backed or supported by any government or central bank and are not covered by FDIC or SIPC insurance. Accounts at digital asset custodians and exchanges are not protected by SIPC and are not FDIC insured. Furthermore, markets and exchanges for digital assets are not regulated with the same controls or customer protections available in traditional equity, option, futures, or foreign exchange investing. 

Digital assets include, but are not limited to, cryptocurrencies, tokens, NFTs, assets stored or created using blockchain technology, and other Web3 products.

VAN ECK ABSOLUTE RETURN ADVISERS CORPORATION (‘VEARA”), THE INVESTMENT MANAGER OF THE FUND, IS A MEMBER OF NFA AND IS SUBJECT TO NFA’S REGULATORY OVERSIGHT AND EXAMINATIONS. VEARA HAS ENGAGED OR MAY ENGAGE IN UNDERLYING OR SPOT VIRTUAL CURRENCY TRANSACTIONS IN THE FUND. ALTHOUGH NFA HAS JURISDICTION OVER VEARA, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY FOR UNDERLYING OR SPOT MARKET VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS. YOU SHOULD ALSO BE AWARE THAT GIVEN CERTAIN MATERIAL CHARACTERISTICS OF THESE PRODUCTS, INCLUDING LACK OF A CENTRALIZED PRICING SOURCE AND THE OPAQUE NATURE OF THE VIRTUAL CURRENCY MARKET, THERE CURRENTLY IS NO SOUND OR ACCEPTABLE PRACTICE FOR NFA TO ADEQUATELY VERIFY THE OWNERSHIP AND CONTROL OF A VIRTUAL CURRENCY OR THE VALUATION ATTRIBUTED TO A VIRTUAL CURRENCY BY VEARA. 

Information provided by Van Eck is not intended to be, nor should it be construed as financial, tax or legal advice. It is not a recommendation to buy or sell an interest in any security, Digital Asset, or other investment. Any securities, Digital Assets or other Investments identified or discussed in the Fund’s materials are provided for illustrative purposes only and are subject to change without notice. The Fund is actively managed and its holdings change over time; any holdings or positions referenced are as of the date indicated only, may no longer be held, and the Fund’s current and future holdings may differ materially from those shown or discussed. The Investment Manager may buy, sell, increase, reduce, hold or eliminate any position at any time in its sole discretion and is under no obligation to update or disclose any such change. Certain statements herein are forward-looking statements that reflect the Investment Manager’s current expectations and are not guarantees of future performance or results, and actual results may differ significantly. Any indices or benchmarks referenced are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

© Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation