{"id":23310,"date":"2021-09-21T10:00:13","date_gmt":"2021-09-21T09:00:13","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.co.uk\/?p=23310"},"modified":"2021-09-21T11:47:24","modified_gmt":"2021-09-21T10:47:24","slug":"vaneck-lists-three-new-crypto-etns-on-deutsche-borse","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/nl\/vaneck-lists-three-new-crypto-etns-on-deutsche-borse\/","title":{"rendered":"VanEck lists three new crypto ETNs on Deutsche B\u00f6rse"},"content":{"rendered":"

VanEck now offers three new ETNs on digital assets Solana, TRON and Polkadot, to complement its Bitcoin and Ethereum ETNs<\/span><\/span><\/span><\/span><\/p>\n

<\/p>\n

Sign up to our free newsletters<\/a><\/strong><\/p>\n

\n

Martijn Rozemuller, CEO at VanEck Europe<\/span><\/strong><\/span><\/p>\n

\n

– VanEck is further expanding its pioneering role in innovative and future-oriented investment solutions.<\/strong><\/p>\n

Asset manager VanEck has now listed three new crypto ETNs on Xetra Deutsche B\u00f6rse. After VanEck had already launched exchange-traded products on Bitcoin and Ethereum, partly as the first global asset manager in the respective markets, further ETNs (Exchange Traded Notes) are now following in order to open up the future market of cryptocurrencies for European investors. With this step, the accomplished ETF provider further expands its pioneering role for innovative and future-oriented investment solutions.<\/p>\n

VanEck focuses on smart contract platforms. Smart contracts are programs that are stored on a blockchain and executed automatically when predefined conditions are met. For example, they enable improved contract processes and completely new business models. For example, you can automate workflows and trigger predefined actions without involving an intermediary or wasting time. The best-known example of such a platform is Ethereum with its integrated cryptocurrency Ether. \u201cEthereum continues to grow in popularity, but younger platforms also offer many advantages, such as lower transaction costs or faster processes,\u201d says Martijn Rozemuller, CEO at VanEck Europe<\/strong>.<\/span><\/p>\n

The three new ETNs allow investors to participate in the development of digital assets on an exchange-traded basis at a total expense ratio of only 1.5 per cent without having to buy them themselves. These were selected on the basis of the following seven criteria; uses and functionality, number of transactions, availability on the exchanges, track record and development team, as well as market capitalisation. VanEck chose these three from around 100 possible candidates:<\/p>\n

– Solana is a layer one base-layer blockchain protocol that is entirely optimised for speed<\/strong>. Its goal is to provide a platform that developers can use to create decentralised apps (dApps) without facing performance bottlenecks. With a current capacity of 65,000 transactions per second, the Solana blockchain is currently one of the fastest. At the same time, a transaction currently costs only 0.0001 US dollars. Solana was founded by Anatoly Yakovenko, along with former Qualcomm engineers Greg Fitzgerald and Stephen Akridge.<\/p>\n

– TRON aims to create a particularly low-cost content sharing platform and claims to have a faster network and cheaper transaction rates than Bitcoin or Ethereum.<\/strong> For example, transactions are free for the first 1,500 bytes per day. TRON is based on the principle of Delegated Proof of Stake (DPoS). It is thus said to be more energy efficient and faster than proof-of-work or proof-of-stake models. The platform was founded in Singapore in 2017 by Justin Sun, a Chinese millionaire and successful serial entrepreneur. Industry insiders often see it as the blockchain for Asia. Network transactions on TRON now surpass those on Bitcoin, Ethereum, and Polkadot many times over.<\/p>\n

– Polkadot is a proof-of-stake (PoS) blockchain protocol, its main feature is its interoperability<\/strong>: It allows other decentralised blockchain networks to collaborate seamlessly and at scale. It was founded in 2017 by Dr. Gavin Wood, co-founder of Ethereum and creator of the smart contract language Solidity as an improved version of Ethereum.<\/p>\n

Polkadot is effectively considered an ecosystem of blockchains.<\/strong><\/p>\n

\u201cSolana has grown remarkably and became an institutionally investable asset. We are excited for VanEck\u2019s Solana ETP launch which creates greater access to and more participation in the Solana ecosystem,\u201d said Ramnik Arora Head of Product at FTX<\/strong><\/span>.<\/p>\n

\u201cThe listing of the VanEck Vectors TRON ETN, on the heels of Bitcoin and Ether, is a testament to TRON\u2019s robust crypto ecosystem and its successful drive to expand our global roadmap,\u201d said Justin Sun, founder of the TRON Foundation<\/strong><\/span>.<\/p>\n

\u201cEthereum and Bitcoin, as the two largest cryptocurrencies, are admittedly strongly established in the market. Because of their low correlation to other asset classes, they also represent good opportunities to diversify one’s portfolio,\u201d Rozemuller adds. \u201cBut the market continues to be in flux: In total, there are around 10,000 different cryptocurrencies and no one knows which will be the most important in ten years.\u201d Rozemuller draws parallels with the mobile phone market: \u201cWho would have thought in the 90s that Nokia and Blackberry, for example, would one day lose such importance? Investors should therefore be given the opportunity to invest broadly in digital assets as well. We’re going to address that now.\u201d<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\nVanEck Vectors <\/span><\/span>
Polkadot ETN<\/span><\/span> <\/span><\/span><\/span>
<\/span><\/span> <\/span><\/strong><\/span><\/td>\n		VanEck Vectors <\/span><\/span>
Solana ETN<\/span><\/span> <\/span><\/span><\/span>
<\/span><\/span> <\/span><\/strong><\/span><\/td>\n		VanEck Vectors <\/span><\/span>
TRON ETN<\/span><\/span> <\/span><\/strong><\/span><\/td>\n<\/tr>\n
Index name<\/span><\/span><\/strong><\/td>\nMVIS <\/span>CryptoCompare <\/span>
Polkadot VWAP Close <\/span>
Index<\/span> <\/span>
<\/span> <\/span><\/td>\n		MVIS <\/span>CryptoCompare <\/span>
Solana VWAP Close <\/span>
Index<\/span> <\/span>
<\/span><\/td>\n		MVIS <\/span>CryptoCompare <\/span>
TRON VWAP Close <\/span>
Index<\/span> <\/span><\/td>\n<\/tr>\n
ISIN<\/span><\/span><\/strong><\/td>\nDE000A3GSUC5<\/span><\/span> <\/span><\/span><\/td>\n<\/span>DE000A3GSUD3 <\/span><\/span><\/span><\/span><\/td>\n<\/span><\/span>DE000A3GSUE1<\/span><\/span><\/span><\/td>\n<\/tr>\n
Issuer<\/span><\/span><\/strong><\/td>\nVanEck ETP AG<\/span><\/span><\/td>\nVanEck ETP AG<\/span><\/span><\/td>\nVanEck ETP AG<\/span><\/span><\/td>\n<\/tr>\n
Market maker<\/span><\/span><\/strong><\/td>\nFlow Traders B.V.<\/span><\/span><\/td>\nFlow Traders B.V.<\/span><\/span><\/td>\nFlow Traders B.V.<\/span><\/span><\/td>\n<\/tr>\n
Authorised <\/span>participants<\/span><\/span><\/strong><\/td>\nFlow Traders B.V.<\/span>
Jane Street Financial <\/span>
Ltd.<\/span> <\/span><\/td>\n		Flow Traders B.V.<\/span>
Jane Street Financial <\/span>
Ltd.<\/span> <\/span><\/td>\n		Flow Traders B.V.<\/span>
Jane Street Financial <\/span>
Ltd.<\/span> <\/span><\/td>\n<\/tr>\n
Company headquarters<\/span><\/span><\/strong><\/td>\nLiechtenstein<\/span><\/span><\/td>\nLiechtenstein<\/span><\/span><\/td>\nLiechtenstein<\/span><\/span><\/td>\n<\/tr>\n
Listing currency<\/span><\/span><\/span><\/strong><\/td>\nEUR<\/span><\/span><\/td>\nEUR<\/span><\/span><\/td>\nEUR<\/span><\/span><\/td>\n<\/tr>\n
Base currency<\/span><\/span><\/span><\/strong><\/td>\nUSD<\/span><\/span><\/td>\nUSD<\/span><\/span><\/td>\nUSD<\/span><\/span><\/td>\n<\/tr>\n
Index provider<\/span><\/span><\/span><\/strong><\/td>\nMV Index Solutions<\/span><\/span><\/td>\nMV Index Solutions<\/span><\/span><\/td>\nMV Index Solutions<\/span><\/span><\/td>\n<\/tr>\n
Product structure <\/span><\/span><\/span><\/strong><\/td>\nPhysically replicating<\/span><\/span> <\/span><\/td>\nPhysically replicating<\/span><\/span> <\/span><\/td>\nPhysically replicating <\/span><\/span><\/span> <\/span><\/td>\n<\/tr>\n
Total expense ratio
(TER)<\/span><\/span><\/span><\/strong><\/td>\n		1.50%<\/span><\/span><\/td>\n1.50%<\/span><\/span><\/td>\n1.50%<\/span><\/span><\/td>\n<\/tr>\n
Appropriation of
earnings <\/span><\/span><\/span><\/strong><\/td>\n		Re<\/span>–<\/span>invested income<\/span><\/span><\/td>\nRe<\/span>–<\/span>invested income<\/span><\/span><\/td>\nRe<\/span>–<\/span>invested income<\/span><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: ETFWorld<\/p>\n","protected":false},"excerpt":{"rendered":"

VanEck now offers three new ETNs on digital assets Solana, TRON and Polkadot, to complement its Bitcoin and Ethereum ETNs<\/p>\n","protected":false},"author":4,"featured_media":21471,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[4],"tags":[187,238],"class_list":["post-23310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-europe","tag-vaneck","tag-vaneck-etf"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/23310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/comments?post=23310"}],"version-history":[{"count":2,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/23310\/revisions"}],"predecessor-version":[{"id":23314,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/23310\/revisions\/23314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/21471"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=23310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=23310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=23310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}