VanEck FTX Token ETN header image

VanEck FTX Token ETN

ETF

ISIN DE000A3GWNC2 / Valor null

NAV (2024-09-25)
USD 0.28%

VanEck FTX Token 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 FTX Token VWAP Close, providing direct exposure to the tokens underpinning the FTX Exchange.

Fund Exposure

This fund is primarily exposed to FTT tokens, with 100% backing by FTT and stored in cold storage at a regulated crypto custodian with crypto insurance. It is tradeable like an ETF on regulated exchanges, offering investors a way to access the FTX Exchange tokens.

Risks

Investing in the fund 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 volatility in certain digital assets. Investors should carefully consider these risks before investing in the fund.

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Source

https://www.vaneck.com/globalassets/home/ucits/documents/etn-summaries/summary_vaneck-ftx-token-etn-deatlilu.pdf

Tags:
cryptocurrency ftx marketvector ftx token

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