New VanEck ETN on Xetra provide access to the ether
VanEck has launched a new cryptocurrency ETP on Xetra and Borse Frankfurt providing investors with access to ether.
With the VanEck Vectors Ethereum ETN, investors get easy access to ether without having to set up a crypto wallet. The value of ether is determined as a volume-weighted average price from the prices of the trading venues for digital assets and tracked via the MVIS Crypto-Compare Ethereum VWAP Close Index.
The physically backed Ethereum Exchange Traded Note (ETN) was admitted to the Regulated Market of the Frankfurt Stock Exchange and is centrally cleared by Eurex Clearing. Through central clearing, investors benefit from significantly reduced risks in the settlement of transactions.