The VanEck Bitcoin ETN is a fully-collateralized exchange traded note that seeks to replicate the value and yield performance of the MVIS CryptoCompare Bitcoin VWAP Close Index (MVBTCV Index) by investing in bitcoin.
Fund Exposure
This fund provides direct access to bitcoin, the biggest and most liquid cryptocurrency, with 100% backing by bitcoin stored in cold storage at a regulated crypto custodian. The fund is tradeable like an ETF on Deutsche Börse Xetra.
Risks
Investors should be aware that the value of their investment in the VanEck Bitcoin ETN may fluctuate, and they may experience losses if the value of the digital assets held by the issuer of the ETN decreases due to market and economic conditions or factors relating to specific issuers. It is important to carefully consider the risks outlined in the prospectus and key information document before investing.
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Source
https://www.vaneck.com/de/de/anlagen/bitcoin-etp/
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bitcoincryptocurrencymvis cryptocompare bitcoin vwap close index