FTX Token ETP
VanEck FTX Token ETN
FTX Token ETP
VanEck FTX Token ETN
Product Description
The VanEck FTX Token ETN is a fully-collateralized exchange traded note that invests in FTT. The note seeks to replicate the value and yield performance of the MarketVector FTX Token VWAP Close.
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NAV$0.31
as of 21 Jun 2024 -
YTD RETURNS-54.43%
as of 21 Jun 2024 -
Total Net Assets$37.93 thousand
as of 21 Jun 2024 -
Total Expense Ratio1.50%
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Inception Date24 Mar 2022
Overview
Product Description
The VanEck FTX Token ETN is a fully-collateralized exchange traded note that invests in FTT. The note seeks to replicate the value and yield performance of the MarketVector FTX Token VWAP Close.
- Direct exposure to the tokens underpinning the FTX Exchange.
- 100% backed by FTT 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
Trading has been suspended since 14 November 2022. Any changes will be communicated to you on this website
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 FTX Token VWAP Close (MVFTTV Index).
Fund Highlights
- Direct exposure to the tokens underpinning the FTX Exchange.
- 100% backed by FTT 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
Trading has been suspended since 14 November 2022. Any changes will be communicated to you on this website
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 FTX Token VWAP Close (MVFTTV Index).