Product Description

The VanEck Smart Contract Leaders ETN is a fully-collateralized exchange traded note that invests in the largest and most liquid smart contract assets. The note seeks to replicate the value and yield performance of the MarketVector™ Smart Contract Leaders VWAP Close Index.

• Direct exposure to the most liquid smart contract assets in accordance with the custodian specifications applicable and the approvals by the relevant stock exchanges.
• 100% backed by native tokens 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 Smart Contract Leaders VWAP Close Index (MVSCLEV Index).