Algorand ETP
VanEck Algorand ETN
Algorand ETP
VanEck Algorand ETN
Product Description
The VanEck Algorand ETN is a fully-collateralized exchange traded note that invests in ALGO The note seeks to replicate the value and yield performance of the MarketVector™ Algorand VWAP Close Index.
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NAV$1.29
as of 16 Aug 2024 -
YTD RETURNS-48.37%
as of 16 Aug 2024 -
Total Net Assets$887.14 thousand
as of 16 Aug 2024 -
Total Expense Ratio1.50%
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Inception Date24 Mar 2022
Overview
Product Description
The VanEck Algorand ETN is a fully-collateralized exchange traded note that invests in ALGO The note seeks to replicate the value and yield performance of the MarketVector™ Algorand VWAP Close Index.
- Direct exposure to the tokens underpinning the smart contract Algorand platform.
- 100% backed by ALGO and stored in cold storage at a regulated crypto custodian with crypto insurance (up to a limited amount)
- Tradeable like an ETF on regulated exchanges
The VanEck Digital Assets ETNs provide the right to redeem against delivery of the respective cryptocurrency. In our opinion, therefore, after the expiry of a holding period of 12 months, the result from the return may be tax-free (non-taxable) for private investors who are taxable in Germany.
This information does not constitute tax advice and cannot replace it. For an assessment of your taxation, please contact your tax advisor.
Risk Factors: Volatility Risk: The trading prices of many digital assets have experienced extreme volatility in recent periods and may well continue to do so. Digital assets were only introduced within the past decade and regulatory clarity remains elusive in many jurisdictions.Currency Risk, Technology Risk, Legal and Regulatory Risks
Underlying Index
MarketVector Algorand VWAP Close Index (MVALGOV)
Fund Highlights
- Direct exposure to the tokens underpinning the smart contract Algorand platform.
- 100% backed by ALGO and stored in cold storage at a regulated crypto custodian with crypto insurance (up to a limited amount)
- Tradeable like an ETF on regulated exchanges
Risk Factors: Volatility Risk: The trading prices of many digital assets have experienced extreme volatility in recent periods and may well continue to do so. Digital assets were only introduced within the past decade and regulatory clarity remains elusive in many jurisdictions.Currency Risk, Technology Risk, Legal and Regulatory Risks
Underlying Index
MarketVector Algorand VWAP Close Index (MVALGOV)