The VanEck FTX Token ETN is a fully-collateralized exchange traded note that invests in FTT. Thenote seeks to replicate the value and yield performance of the MVIS CryptoCompare FTX Token VWAP Close. Direct exposure to the tokens underpinning the FTX Exchange. 100% backed by FTT and stored in cold storage at a regulated crypto custodian with crypto insurance (up to a limited amount) Tradeable like an ETF on regulated exchanges