Since being listed in Europe’s largest stock exchange Deutsche Börse, VTRX had an impressive start and continues to make waves on several major European markets.
In just a matter of weeks, VTRX’s total holdings already reached a whopping 609,955,640 which accumulates to a total of $60,218,914 and continues its do well as of today.
VTRX’s listing on Deutsche Börse was definitely one of the biggest news this year and expect this to have a steady growth over the next following months.
What is VTRX?
VanEck Vectors TRON ETN (VTRX) is a fully collateralized exchange-traded note that invests in TRON and it making it the third major cryptocurrency after Bitcoin (BTC) and Ethereum (ETH).
(1/4)📢BIG NEWS everybody was waiting for!
⚒️VanEck $TRX ETN (#VTRX) is officially listed on the world top stock exchange @DeutscheBoerse, representing $TRX as the 3rd mainstream crypto #ETN following #BTC and #ETH issued by @vaneck_us, a world-renowned fund management company pic.twitter.com/yktg10WAis
— Justin Sun 🅣🌞 (@justinsuntron) September 20, 2021
Here are the key features of VTRX as mentioned on VanEck’s website:
- Direct access to Tron, a smart contract platform cryptocurrency with a strong market position in Asia.
- 100% collateralized with TRON
- Stored in cold storage at a regulated crypto custodian with crypto-insurance (up to a limited amount)
- Tradeable like an ETF
VTRX seeks to replicate, as close as possible, before fees and expenses, the price and yield performance of the MVIS CryptoCompare TRON VWAP Close Index (MVTRXV).
What is VanEck?
VanEck is a leading global investment management company that was founded by John C. van Eck in 1955 to bring post-World War II investment opportunities to U.S. investors.
The global fund management company has total assets under management exceeding US$80 billion as of August 31, 2021.
They widely known for being one of the first asset managers to submit a Bitcoin ETF application to the SEC and they have been consistently receiving yearly awards for their impressive track record.
Its been almost a month since the launch of VTRX and we already seeing its potential especially its performance on major European markets.
Could this be the next big thing from TRON? Maybe so, but for now let’s wait and see where would VTRX performance go in the future.
For more news and updates, see Tron Spark.