VETH
VanEck Ethereum ETN
VETH
VanEck Ethereum ETN
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NAV$10.03
as of 29 Sep 2023 -
YTD RETURNS--
as of 29 Sep 2023 -
Total Net Assets$73.52 million
as of 29 Sep 2023 -
Total Expense Ratio1.00%
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Inception Date26 Mar 2021
Overview
Product Description
Invest in the fast-growing Ethereum ecosystem, with the ease and security of traditional finance. A growing ecosystem of smart-contract applications is being built on the Ethereum ecosystem, looking to disrupt finance and other sectors. As the platform gains ground, so its underlying currency is gaining value.
- Ethereum is not just a currency but part of the infrastructure for digital assets
- Our ETN overcomes the difficulties of buying direct
- Tradeable like an ETF on regulated stock exchanges (albeit within a different segment)
- 100% backed by Ethereum (ETH)
- 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 Ethereum VWAP Close Index (MVETHV Index).
