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VTRX VanEck TRON ETN Please read important disclosure Close important disclosure true
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VTRX

Tron ETP
VanEck TRON ETN

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VTRX

Tron ETP
VanEck TRON ETN

ISIN: DE000A3GSUE1 copy-icon

Product Description

Back Asia’s next-generation blockchain innovator. Our ETN follows Asia’s super-fast TRON platform, supporting builders of crypto apps with an innovative proof-of-stake mechanism.

  • NAV
    $17.45

    as of 06 Nov 2024
  • YTD RETURNS
    51.22%

    as of 06 Nov 2024
  • Total Net Assets
    $47.83 million

    as of 06 Nov 2024
  • Total Expense Ratio
    1.50%
  • Inception Date
    13 Sep 2021

Overview

Product Description

Back Asia’s next-generation blockchain innovator. Our ETN follows Asia’s super-fast TRON platform, supporting builders of crypto apps with an innovative proof-of-stake mechanism.

  • Smart contract blockchain competitor to market leader ethereum
  • More daily transactions than bitcoin and ethereum
  • Asia’s leading blockchain platform
  • 100% collateralized with TRON (TRX)
  • Tradeable like an ETF (albeit within a different segment)on regulated stock exchanges
  • Stored at a regulated crypto custodian with crypto insurance (up to a limited amount)

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 TRON VWAP Close Index (MVTRXV Index).

Fund Highlights

  • Smart contract blockchain competitor to market leader ethereum
  • More daily transactions than bitcoin and ethereum
  • Asia’s leading blockchain platform
  • 100% collateralized with TRON (TRX)
  • Tradeable like an ETF (albeit within a different segment)on regulated stock exchanges
  • Stored at a regulated crypto custodian with crypto insurance (up to a limited amount)

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 TRON VWAP Close Index (MVTRXV Index).

Capital Markets

VanEck partners with esteemed market makers to ensure the availability of our products for trading on the mentioned stock exchanges. Our Capital Markets team is committed to continuously monitoring and assessing spreads, sizes, and prices to ensure optimal trading conditions for our clients. Furthermore, VanEck ETFs are available on various trading platforms, and we collaborate with a wider range of reputable Authorized Participants (APs) to promote an efficient and fair trading environment. For more information about our APs and to contact our Capital Markets team, please visit factsheet capital markets.pdf.

Performance

Holdings

Portfolio

Literature

Index

Index Description

The MarketVector TRON VWAP Close Index is designed to track the performance of a TRON digital asset. There is no component other than TRON 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. Further information about MVTRXV e.g. with regards to the index methodology and changes of the index may be found on www.marketvector.com.

Awards

Main Risk

Main Risk Factors of the TRON ETN

Despite all the hype, digital assets are a highly risky investment. Below are key risk factors that need to be considered before making an investment in an Ethereum ETN.

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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. Digital assets' value depends on such regulation remaining favorable, as well with the technological capabilities, the development of protocol networks, competition from other digital asset networks and from forks. Volatility can be strongly amplified by transactions from speculative investors, hedge funds and other large investors. You may experience losses if you need to sell your Shares at a time when the price of the underlying digital asset is lower than it was when you made your prior investment. Even if you are able to hold Shares for the long-term, your Shares may never generate a profit. Thus, it is worth considering this risk factor before investing in a TRON ETN.

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If the currency of the Product differs from the currency you invest in, your final return depends on the exchange rate between your investment currency and the currency of the Product. That is one of the factors to consider before making an investment in a TRON ETN.

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Trading venues and systems used by market participants to trade the Digital Asset may be subject to hacking and could result in loss of the Product. This is one of the risk factors to take into account when making an investment in a TRON ETN.

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With a significant proportion of transactions based on the Tether stablecoin, Tron may face headwinds in certain jurisdictions eg. New York. This is a risk factor to take into consideration when planning an investment in a TRON ETN.

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If the network model doesn’t attract developers to build dApps and other blockchain projects, then TRON token price will likely struggle. This is another factor to take into account when considering an investment in a TRON ETN.