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Cryptocurrency News Articles
VanEck Launches a New Financial Product Tied to Celestia's (TIA) Blockchain
Apr 03, 2025 at 01:00 am
VanEck has introduced a new financial product tied to Celestia, a blockchain designed to improve scalability and data availability.
output: TL;DR
A new financial product has been introduced by VanEck, providing institutional and retail investors with exposure to Celestia’s (TIA) token.
This ETN, which began trading on March 27, 2025, permits investors to build exposure to the TIA token without needing to directly manage digital assets.
Celestia proposes a modular model that separates the consensus and data availability layers, allowing for the creation of custom blockchains.
This approach, focused on scalability and data availability, has attracted developers seeking to build applications on a more efficient and flexible network.
The network’s native token, TIA, is used for payment of all transactions and services within the ecosystem.
What You Need to Know About VanEck’s New ETN
Domiciled in Liechtenstein and managed by VanEck ETP AG, the product is structured as an ETN with physical replication.
Its net asset value (NAV) is $8.28, and it has a competitive total expense ratio of 1.50%.
The ETN, which is not UCITS-compliant but meets eligibility requirements, is designed for institutional and retail investors in the European Economic Area (EEA) who wish to invest in a diversified portfolio of cryptocurrency assets.
Its physical replication structure ensures that its performance directly reflects that of the underlying asset.
This ETN provides an option for investing in Celestia without handling the technical aspects of crypto market and blockchain technology.
Moreover, it showcases VanEck’s history of identifying trends and introducing new products, having previously brought gold investments in the 1960s and ETFs in the 2000s.
The addition of TIA to its portfolio follows the same diversification strategy.
Celestia’s (TIA) Success Will Depend on Developers
Mustafa Al-Bassam, co-founder of Celestia and chairman of the Celestia Foundation, discussed the implications of this launch for broader participation in the network.
“We are excited to see the launch of the Celestia ETN, providing a new avenue for institutional and retail investors to gain exposure to Celestia’s innovative technology,” said Al-Bassam.
According to VanEck, the growth of the TIA token will depend on the adoption of TIA by developers seeking scalable solutions for their applications.
Despite the interest generated by this approach, VanEck has highlighted the market risks and characteristics of this type of product.
The volatility of digital assets remains a critical factor, and regulatory uncertainty in various countries could impact their value.
Disclaimer:info@kdj.com
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