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VSMA VanEck Smart Contract Leaders ETN Please read important disclosure Close important disclosure true
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VSMA

Smart Contract Leaders ETP
VanEck Smart Contract Leaders ETN

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VSMA

Smart Contract Leaders ETP
VanEck Smart Contract Leaders ETN

ISIN: DE000A3GXNT4 copy-icon

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.

  • NAV
    $8.83

    as of 06 Nov 2024
  • YTD RETURNS
    8.25%

    as of 06 Nov 2024
  • Total Net Assets
    $2.21 million

    as of 06 Nov 2024
  • Total Expense Ratio
    1.50%
  • Inception Date
    26 Apr 2022

Overview

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).

Fund Highlights

  • 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).

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 Smart Contract Leaders VWAP Close Index is designed to track the performance of the largest and most liquid smart contract assets, and is an investable subset of MarketVector™ Smart Contract Index. All assets on the selection list must be listed on at least one of the top 15 exchanges by CryptoCompare’s Exchange Benchmark. A 30% capping scheme per underlying is applied. The components of the MarketVector™ Smart Contract Index are screened in accordance with the custodian specifications applicable to the client and the index does not include crypto assets that are not accepted by Deutsche Börse AG as an underlying. Information is provided by the respective 3rd party partners of the client. 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 MVSCLEV 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

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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.

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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.

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Trading venues and systems used by market participants to trade Index Components may be subject to hacking and could result in loss of Index Components.

Investors can lose all invested capital. The Product does not include capital protection against market risk. At the end of the term the issuer may not be able to pay the final redemption amount.