Crypto
VanEck Semiconductor ETF Tokenizes on Robinhood Blockchain
The VanEck Semiconductor ETF has launched as a tokenized representation on Robinhood's blockchain. The SMH token is designed to track the price of the underlying VanEck Semiconductor ETF common stock, giving holders on-chain price exposure.
Each token is transferable and composable across the Robinhood Chain ecosystem. This is part of Robinhood's broader initiative to expand access to tokenized U.S. equities via blockchain technology.
The current price of SMH is £430.61, with a 24-hour trading volume of £80.14. The total circulating supply is 0.502 tokens, giving the token a market capitalization of £216.09.