VanEck launches Algorand, FTX and Terra ETNs
VanEck is launching three new crypto ETNs in Europe, tracking Algorand, FTX and Terra cryptocurrencies.
- VanEck Algorand ETN (VALG)
- VanEck FTX ETN (VFTX)
- VanEck Terra ETN (VLUN)
VALG and VLUN will compete directly with similar products from 21Shares. However FTX will be the world’s first ETF to track FTX Token.
The funds will track indexes from MVIS, the VanEck subsidiary.
We will provide more information on these launches as we manage to get more data.