VanEck Algorand ETN

The VanEck Algorand ETN is an exchange-traded note that provides direct exposure to ALGO, the cryptocurrency behind the Algorand smart contract platform. It fully holds ALGO tokens, which are securely stored in cold storage with a regulated crypto custodian and insured against theft or loss. The ETN aims to replicate the performance of the MarketVector Algorand VWAP Close Index by tracking the value and yield of the underlying ALGO tokens. Investors can trade the VanEck Algorand ETN on regulated exchanges just like an ETF.