VanEck Algorand ETN header image

VanEck Algorand ETN

ETF

ISIN DE000A3GWNE8 / Valor null

NAV (2024-11-08)
USD 1.39+5.20%

VanEck Algorand ETN
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General Objective

The fund is a fully-collateralized exchange traded note that seeks to replicate the value and yield performance of the MarketVector™ Algorand VWAP Close Index. It provides direct exposure to the tokens underpinning the smart contract Algorand platform.

Fund Exposure

This fund is primarily exposed to ALGO tokens, aiming to replicate the performance of the MarketVector™ Algorand VWAP Close Index. The assets are stored in cold storage at a regulated crypto custodian with crypto insurance, providing investors with a secure way to invest in the Algorand platform.

Risks

Investing in the fund comes with risks such as potential fluctuations in the value of digital assets held by the issuer due to market and economic conditions, as well as specific issuer factors. Investors should carefully consider these risks before investing in the fund.

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Source

https://www.vaneck.com/de/de/anlagen/algorand-etp/

Tags:
cryptocurrency algorand marketvector algorand vwap close index

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