VanEck has launched two Cryptocurrency Trading (ETN) Certificates that provide exposure to chain link A basket of five cryptocurrencies smart contract space.
VanEck Chainlink ETN (VLNK) and fanEck Smart Contracts Leaders ETN (VSMA) Listed on the German Stock Exchange with total cost ratios (TERs) of 1.50%.
VLNK tracks the performance of the MVIS CryptoCompare Chainlink VWAP Close Indicator while VSMA tracks the CryptoCompare Smart Contract Leaders VWAP Close Indicator.
Chainlink, which was first launched in 2017, said VanEck, is based on the ethereum network — which is a market leader in this field — and acts as a bridge between real data and smart contracts.
VSMA is currently tracking five of the leading cryptocurrencies in the smart contract space outside of Ethereum, consisting of Ethereum, solana, cardano, polkadot, and TRON, with 30% of the wallet exposed.
Martijn Rozemuller, CEO of VanEck, commented on the launch: “With VSMA, we want to give investors the opportunity to invest in the smart contract ecosystem in a diversified way, reduce risk and take advantage of long-term trends.”
Smart contracts are software on the blockchain that allow transactions to take place securely without intermediaries.
“It enables fast and secure transactions without intermediaries, making it an important component of decentralized finance and future finance,” he added.
“Smart contract platforms have significantly increased their market share in recent years compared to other blockchain applications such as pure payment applications, cryptocurrency exchanges, or stacked coins.”
In April, VanEck launched three crypto ETNs, VanEck Algorand (VGND)And VanEck Terra ETN (WAVE) And VanEck FTX ETN (VFTX).
VanEck Chainlink ETN (VLNK) and fanEck Smart Contracts Leaders ETN (VSMA) Listed on the German Stock Exchange.
This means that it is possible to trade shares in these certificates through most Swedish banks and online brokers, for example DejeroAnd nordnet And keep it up.