Crypto Wealth Manager Vaneck Launches Landfill and Avalanche Investment Offers – Bitcoin News

Crypto Wealth Manager Vaneck Launches Landfill and Avalanche Investment Offers – Bitcoin News

Wealth manager Vaneck announced that he has expanded his offer of stock exchange banknotes (ETN) to support the token range and the avalanche. The two ETNs track five previously launched funds in Europe that allow investors to gain exposure to leading digital assets.

Vaneck adds Polygon and Avalanche to its list of ETN cryptocurrencies

Vaneck has announced launch of two ETNs using a cryptocurrency polygon (MATIC) and an avalanche (AVAX). ETNs represent shares of AVAX or MATIC and funds are fully secured. “Vaneck is expanding its crypto investment offer with two new ETNs on the Avalanche and Polygon crypto platforms,” ​​the wealth manager tweeted on December 16.

The avalanche and polygon have recorded significant demand this year and have made huge gains from the year to date. Token avalanche (AVAX) has seen its market capitalization join the top ten digital assets in the world, in terms of total value. Today, AVAX holds the 9th position after a rise of 3.509% compared to this time last year.

Polygon (MATIC) has also increased significantly in value in 2021 with an increase of about 11,393% from the year to date. MATIC is the 14th largest crypto asset in terms of market capitalization today, amounting to about $ 15 billion. Both MATIC and AVAX are compatible with Ethereum, but are also considered Ethereum competitors.

Vaneck will use crypto to compare MVIS data, Frick Bank will keep crypto assets

The ETNs offered by Vaneck are like exchange traded funds (ETFs), but ETNs are considered unsecured debt securities. Vaneck tried to gain his spot market bitcoin (BTC) The ETF was approved by the U.S. Securities and Exchange Commission this year, but the ETF was rejected in mid-November.

Polygon and Avalanche ETNs use Crypto Compare MVIS data to replicate the value and performance of each asset. The basic crypto assets in Vanek’s ETNs are in the custody of Bank Frick & Co. AG. The AVAX ETN code will be “VAVA” and the MATIC ETN code will be “VPOL”.

Labels in this story

avalanche, avalanche (AVAX), AVAX, Bank Frick, Bitcoin (BTC), crypto means, Digital currencies, etn, banknotes traded on the stock exchange, nut, Polygon, Polygon (MATIC), vaneck, Vaneck ETNs, WOW, VPOL, wealth manager

What do you think about Vaneck introducing Polygon and Avalanche ETN? Tell us what you think about this topic in the comments section below.

Crypto Wealth Manager Vaneck Launches Landfill and Avalanche Investment Offers – Bitcoin News

Jamie Redman

Jamie Redman is a news anchor on News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 4,900 articles for News about disruptive protocols appearing today.

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