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Crypto Wealth Manager Vaneck Launches Polygon and Avalanche Investment Offerings – Bitcoin News

by Crypto News
December 19, 2021
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Crypto Wealth Manager Vaneck Launches Polygon and Avalanche Investment Offerings – Bitcoin News
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The wealth supervisor Vaneck has introduced it has expanded its exchange-traded observe (ETN) choices to help the tokens polygon and avalanche. The 2 ETNs observe 5 beforehand launched funds in Europe that enable buyers to achieve publicity to main digital property.

Vaneck Provides Polygon and Avalanche to Its Checklist of Cryptocurrency ETNs

Vaneck has announced the launch of two ETNs that leverage the crypto property polygon (MATIC) and avalanche (AVAX). The ETNs symbolize shares of both AVAX or MATIC and the funds are absolutely collateralized. “Vaneck expands its crypto funding providing with two new ETNs on crypto platforms Avalanche and Polygon,” the wealth supervisor tweeted on December 16.

Avalanche and polygon have seen vital demand this 12 months and have gathered large good points year-to-date. The token avalanche (AVAX) has seen its market capitalization be part of the highest ten digital property on the planet, when it comes to total valuation. In the present day, AVAX holds the ninth place after climbing 3,509% since this time final 12 months.

Polygon (MATIC) has additionally risen in worth an excellent deal in 2021 with year-to-date good points of round 11,393%. MATIC is the 14th largest crypto asset when it comes to market capitalization at this time which is round $15 billion. Each MATIC and AVAX are appropriate with Ethereum however are additionally thought of Ethereum rivals.

Vaneck to Leverage Crypto Examine’s MVIS Knowledge, Financial institution Frick to Custody Crypto Belongings

The ETNs supplied by Vaneck are like exchange-traded funds (ETFs) however ETNs are thought of unsecured debt securities. Vaneck had tried to get its spot market bitcoin (BTC) ETF authorised by the U.S. Securities and Alternate Fee this 12 months however the ETF was denied in mid-November.

The Polygon and Avalanche ETNs use Crypto Examine’s MVIS knowledge to duplicate the worth and yield efficiency of every asset. The underlying crypto property in Vaneck’s ETNs are held in custody by Financial institution Frick & Co. AG. The AVAX ETN ticker shall be “VAVA,” and the MATIC ETN ticker shall be “VPOL.”

Tags on this story
Avalanche, Avalanche (AVAX), AVAX, Bank Frick, Bitcoin (BTC), crypto assets, Digital Currencies, etn, exchange traded notes, matic, Polygon, Polygon (MATIC), vaneck, Vaneck ETNs, VAVA, VPOL, wealth manager

What do you concentrate on Vaneck introducing Polygon and Avalanche ETNs? Tell us what you concentrate on this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 4,900 articles for Bitcoin.com Information concerning the disruptive protocols rising at this time.




Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, immediately or not directly, for any harm or loss triggered or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about on this article.

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