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 MVIS® CryptoCompare 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
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
MVIS CryptoCompare Polygon VWAP Close Index (MVMATICV Index).