VanEck Avalanche ETN A
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General Objective
The VanEck Avalanche ETN is a fully-collateralized exchange traded note that seeks to replicate the value and yield performance of the MVIS® CryptoCompare Avalanche VWAP Close Index, providing direct exposure to the tokens underpinning the smart contract Avalanche platform.
Fund Exposure
This fund is primarily exposed to AVAX tokens, aiming to replicate the performance of the MVIS® CryptoCompare Avalanche VWAP Close Index. It offers unique exposure to the Avalanche platform known for its fast speeds and light hardware specifications.
Risks
Investing in the VanEck Avalanche ETN involves risks such as potential fluctuations in the value of digital assets held by the issuer due to market and economic conditions, as well as material transaction costs from rebalancing activity. Investors should carefully consider these risks before investing in the fund.