Crypto Leaders ETN

ISIN: DE000A3GWEU3

  • Diversified basket of some of the leading cryptocurrencies, with flexibility to include future winners
  • Inclusions according to approval by relevant stock exchanges
  • Dynamic selection process based on market capitalization, liquidity
  • Quarterly rebalance will capture winners as they emerge

Risk: You may lose money up to the total loss of your investment due to the extreme volatility of this asset class and the Main Risk Factors described below and additional risks described in the sales prospectus.

Crypto Leaders: Invest in a Digital Economy

VanEck Crypto Leaders ETN strategy is a diversified basket of crypto assets providing exposure to some of the most liquid digital assets amongst the top 10 cryptocurrencies weighted by market capitalization in accordance with the custodian specifications applicable and the approvals by the relevant stock exchanges.

The strategy allows investors easy and diversified access to the growth potential of the world’s transition to Web 3.0 and Modern Finance.

Risk of extreme volatility

Crypto as a New Asset Class

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Capital Asset

  • Produces ongoing store of value; valued on net present value of expected returns
  • Owners have claim on the assets’ future network fees

Risk of extreme volatility

Bitcoin is Losing Ground as the Dominating Digital Asset

Bitcoin long held a majority share of the entire crypto market capitalization. Despite the rise of Ethereum and other smart contract platforms, bitcoin remains the largest digital asset by far. The network processed 90m terahashes per second as of June 2021. However, over time there‘s a clear trend of altcoins gaining market share.

Bitcoin's market cap has fallen over time as new coins have gained market share

Declining dominance

Source: MVIS, CoinMarketCap, Blockchain.com. Data as of 30 September 2021.

Crypto Improves Portfolio Diversification Benefits

Other Leading Cryptocurrencies Besides Bitcoin Offer Both Alpha and Diversification Benefits

As the digital asset industry matured, altcoins decoupled from bitcoin and drove significant small-cap out-performance. Bitcoin has underperformed the Crypto Leaders Index by 244 percentage points and over performed the small-cap index by 572 percentage points since the start of 2021 as illustrated by the below.

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Source: VanEck, MVIS. The performance quoted represents past performance which is not a reliable indicator of future results. Future performance may be lower or higher than current performance. Investment returns will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost.

VanEck Crypto Leaders ETN

ISIN: DE000A3GWEU3


  • Largest and most liquid cryptocurrencies
  • Dynamically rebalanced on a quarterly basis
  • Tradeable like an ETF on regulated stock exchanges
  • Fully collateralized
  • 1.5% total expense ratio
Risk indication: 7 out of 7

Main Risk Factors

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.

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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.

For more information on risks, please see the “Risk Factors” section of the relevant ETN’s prospectus, available on www.vaneck.com.

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Why Invest in VanEck ETNs?

  • VanEck is one of the largest providers of crypto exchange-traded notes (ETNs) in Europe; our product offerings are constantly evolving to ensure broad access to innovative opportunities.
  • Our ETNs offer a convenient method to invest in crypto by gaining exposure to the price of coins without the technical difficulties related to coin storage.
  • Our Notes are 100% collateralized; they all are fully invested in the underlying crypto native token.
  • VanEck aims to provide access to the widest possible audience; our ETNs are among the most cost-effective available.
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