The VanEck Ethereum ETN is a fully-collateralized exchange traded note that seeks to replicate the value and yield performance of the MVIS CryptoCompare Ethereum VWAP Close Index (MVETHV Index). It provides direct access to the biggest and most liquid cryptocurrency, ethereum, and is 100% backed by ethereum stored in cold storage at a regulated crypto custodian with crypto insurance.
Fund Exposure
The fund is exposed to ethereum as the underlying asset, aiming to replicate the performance of the MVIS CryptoCompare Ethereum VWAP Close Index. It is fully collateralized and stored in cold storage at a regulated crypto custodian, providing investors with direct access to the cryptocurrency market.
Risks
Investors should be aware that investing in the VanEck Ethereum ETN may be subject to risks such as material transaction costs from rebalancing activity, fluctuations in the value of digital assets held by the issuer, and market volatility. It is important to carefully consider the risk factors outlined in the prospectus and key information document before making any investment decisions.