^‡Trading VanEck ETPs will generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of distributions may vary by individual taxpayer. There is no guarantee that distributions will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETP on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

This ETP is not registered under the Investment Company Act of 1940 and is not subject to the distribution requirements applicable to registered investment companies. Distributions may include staking rewards, which are generally treated as ordinary income, as well as other income and, in certain cases, a return of capital. Staking rewards distributed to investors do not accrue to the Fund's net asset value. A return of capital will reduce your cost basis in the Fund's shares, thereby increasing the capital gain, or decreasing the capital loss, you realize when selling or exchanging shares. The final tax characteristics cannot be determined until after the Fund's yearend and will be reported to shareholders on the Fund’s Grantor Trust Tax Information Statement shortly after calendar year end.

The tax treatment of the Fund's distributions may vary significantly depending on the Fund's staking activity and on whether it has gains or losses on the assets in its portfolio. The amount of distributions will vary, and as portfolio and market conditions change, the rate of distributions may change. There can be no assurance that the Fund will declare a distribution in each period. Past performance is no guarantee of future results.

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