THELOGICALINDIAN - The abundance administrator Vaneck has appear it has broadcast its exchangetraded agenda ETN offerings to abutment the tokens polygon and barrage The two ETNs chase bristles ahead launched funds in Europe that acquiesce investors to accretion acknowledgment to arch agenda assets
Vaneck Adds Polygon and Avalanche to Its List of Cryptocurrency ETNs
Vaneck has announced the barrage of two ETNs that advantage the crypto assets polygon (MATIC) and barrage (AVAX). The ETNs represent shares of either AVAX or MATIC and the funds are absolutely collateralized. “Vaneck expands its crypto advance alms with two new ETNs on crypto platforms Barrage and Polygon,” the abundance administrator tweeted on December 16.
Avalanche and polygon accept apparent cogent appeal this year and accept aggregate massive assets year-to-date. The badge avalanche (AVAX) has apparent its bazaar assets accompany the top ten agenda assets in the world, in agreement of all-embracing valuation. Today, AVAX holds the 9th position afterwards aggressive 3,509% back this time aftermost year.
Polygon (MATIC) has additionally risen in amount a abundant accord in 2021 with year-to-date assets of about 11,393%. MATIC is the 14th better crypto asset in agreement of bazaar assets today which is about $15 billion. Both MATIC and AVAX are accordant with Ethereum but are additionally advised Ethereum competitors.
Vaneck to Leverage Crypto Compare’s MVIS Data, Bank Frick to Custody Crypto Assets
The ETNs offered by Vaneck are like exchange-traded funds (ETFs) but ETNs are advised apart debt securities. Vaneck had accustomed to get its atom bazaar bitcoin (BTC) ETF accustomed by the U.S. Balance and Exchange Commission this year but the ETF was denied in mid-November.
The Polygon and Avalanche ETNs use Crypto Compare’s MVIS abstracts to carbon the amount and crop achievement of anniversary asset. The basal crypto assets in Vaneck’s ETNs are captivated in aegis by Bank Frick & Co. AG. The AVAX ETN ticker will be “VAVA,” and the MATIC ETN ticker will be “VPOL.”
What do you anticipate about Vaneck introducing Polygon and Avalanche ETNs? Let us apperceive what you anticipate about this accountable in the comments area below.
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