VanEck Debuts Algorand, FTX and Terra ETNs

US-based asset management company VanEck has recently launched three Exchange Traded Notes (ETNs) tracking native tokens of the Algorand blockchain, Bahamian-based cryptocurrency exchange platform, FTX and blockchain protocol, Terra respectively. The Algorand (VALG), VanEck FTX (VFTX), and VanEck Terra (VLUN) launched for European clients represents another move by the firm to promote investments in the crypto space.