Today, asset manager VanEck ETF announces the listing of the VanEck Celestia ETN on Euronext Amsterdam and Euronext Paris.
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Menno Martens, Crypto Product Manager at VanEck Europe
- Celestia enables secure scaling of blockchain applications
- Modularity allows developers to build and scale new blockchains with ease
- VanEck Celestia ETN is available in the following countries: Austria, Switzerland, Germany, Denmark, Spain, Finland, France, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Poland, Portugal and Sweden
This exchange-traded note (ETN) allows investors to participate in the performance of the TIA token in an investor-preferred wrapper. The TIA token is Celestia network’s native cryptocurrency.
Celestia is a specialised blockchain network designed to optimize and scale data availability, the industry’s fundamental scaling bottleneck. This enables developers to easily deploy applications in their own high-throughput blockspace with full-stack control.
“The demand for the TIA token is a direct result of the need for Celestia’s services, as all interactions on Celestia are denominated and paid for in TIA,” explained Menno Martens, Crypto Product Manager at VanEck Europe. “As more and more developers utilise Celestia’s services to build high-throughput, full-stack applications, we see growth potential for Celestia.”
The VanEck Celestia ETN offers investors a regulated and exchange-traded way to gain exposure to this innovative blockchain. However, investors should note the risk of extreme volatility associated with digital assets.
“VanEck’s ETN is one of the first steps towards expanded access to Celestia by institutions,” said Mustafa Al-Bassam, co-founder of Celestia and Chairman of the Celestia Foundation. “Soon, there will be more ways to join Celestia’s ecosystem for every kind of user and participant.”
The ETN tracks the MarketVector Celestia VWAP Close Index, which reflects the price of the TIA token. It is fully collateralised, meaning the underlying assets are actually purchased and stored securely in cold storage. VanEck partners with Bank Frick, a regulated custodian in Liechtenstein, to ensure high standards of cryptocurrency custody across its ETNs.
| VanEck Celestia ETN | |
| Index name | MarketVector Celestia VWAP Close Index |
| ISIN | DE000A4AKZB4 |
| Ticker | VTIA |
| Registered countries | AT, CH, DE, DK, ES, FI, FR, IT, LI, LU, NL, NO, PL,PT, SE |
| Ticker Euronext Amsterdam | VTIA NA |
| Ticker Euronext Paris | VTIA FP |
| Index provider | MarketVector Indexes GmbH |
| Total expense ratio (TER) | 1.5 % |
Source: ETFWorld
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