Solana ETP
VanEck Solana ETN
Solana ETP
VanEck Solana ETN
Product Description
Track the blockchain platform built for speed and capacity. Solana is one of the fastest blockchain platform, allowing blockchain developers to scale apps at very low cost.
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NAV$9.46
as of 30 Oct 2024 -
YTD RETURNS68.91%
as of 30 Oct 2024 -
Total Net Assets$86.17 million
as of 30 Oct 2024 -
Total Expense Ratio1.50%
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Inception Date13 Sep 2021
Overview
Product Description
Track the blockchain platform built for speed and capacity. Solana is one of the fastest blockchain platform, allowing blockchain developers to scale apps at very low cost.
- Blockchain platform designed for speed and scalability
- Tradeable like an ETF on regulated stock exchanges (albeit within a different segment)
- 100% collateralized with Solana (SOL)
- Stored at a regulated crypto custodian with crypto insurance (up to a limited amount)
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 Solana VWAP Close Index (MVSOLV Index).
Fund Highlights
- Blockchain platform designed for speed and scalability
- Tradeable like an ETF on regulated stock exchanges (albeit within a different segment)
- 100% collateralized with Solana (SOL)
- Stored at a regulated crypto custodian with crypto insurance (up to a limited amount)
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 Solana VWAP Close Index (MVSOLV Index).