Product Description
Combine the excitement of bitcoin with the ease and security of traditional finance. Bitcoin is the oldest cryptocurrency, with the largest market capitalisation. It is often seen as digital gold, a digital store of value in an age of uncertainty. The VanEck Bitcoin ETN is a fully-collateralized exchange traded note that invests in bitcoin.
- 100% backed by bitcoin (BTC)
- Stored at a regulated crypto custodian, with crypto insurance (up to a limited amount)
- Tradeable like an ETF on regulated stock exchanges (albeit within a different segment)
Main 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. You can lose money by investing in the Funds. The value of the investments may go up or down and the investor may not get back the amount invested.
Underlying Index
MarketVector Bitcoin VWAP Close Index (MVBTCV Index).