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VPOL

Polygon ETP
VanEck Polygon ETN

VPOL

Polygon ETP
VanEck Polygon ETN

ISIN: DE000A3GV1U5 copy-icon
Security-No: 115281644 copy-icon

Product Description

The VanEck Polygon ETN is a fully-collateralized exchange traded note that invests in MATIC. The note seeks to replicate the value and yield performance of the MarketVector™ Polygon VWAP Close Index

  • NAV
    $2.83

    as of 22 May 2024
  • YTD RETURNS
    -28.74%

    as of 22 May 2024
  • Total Net Assets
    $2.49 million

    as of 22 May 2024
  • Total Expense Ratio
    1.50%
  • Inception Date
    08 Dec 2021

Overview

Product Description

The VanEck Polygon ETN is a fully-collateralized exchange traded note that invests in MATIC. The note seeks to replicate the value and yield performance of the MarketVector™ Polygon VWAP Close Index

  • Direct exposure to Polygon, a “layer 2” blockchain which uses an innovative SDK (software development kit) to attract developers looking to build Ethereum-compatible decentralized applications more cost efficiently.
  • 100% backed by Polygon 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 Polygon VWAP Close Index (MVMATICV Index).

Fund Highlights

  • Direct exposure to Polygon, a “layer 2” blockchain which uses an innovative SDK (software development kit) to attract developers looking to build Ethereum-compatible decentralized applications more cost efficiently.
  • 100% backed by Polygon 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 Polygon VWAP Close Index (MVMATICV Index).

Performance

Holdings

Portfolio

Literature

Index

Index Description

The MarketVector Polygon VWAP Close Index is designed to track the performance of a Polygon digital asset. There is no component other than MATIC in the index. The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at 16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET. The VWAPs are calculated with CCCAGG prices.