Underlyings · SMH · US92189F6768 · Sector & thematic funds

Every tokenized VanEck Semiconductor ETF, compared

7 tokens track VanEck Semiconductor ETF, from 7 issuers. Same price driver, different products: issuer, legal wrapper, holder rights, chain and custody differ — compare them below. Plus 2 perpetuals on Hyperliquid — exposure without ownership.

Who may buy is set by the issuer — check their terms.

ASMH · Anchored Finance (aStock)
VanEck Semiconductor aStock
KYC gates
mint unknown · buy unknown
Custody
—
Chain
Arbitrum / Monad / Ethereum (+3)
Token ISIN
none published
identity only · no figures stated
SMHx · Backed / Kraken (xStocks)
VanEck Semiconductor ETF xStock
Target / Area
Retail (EU)
KYC gates
mint required · buy unknown
Custody
self
Chain
Solana / Ethereum (+7)
Token ISIN
CH1500008789
identity only · no figures stated
SMH.RP · BG El Salvador, S.A. de C.V. (Reality)
VanEck Semiconductor ETF (Reality rSMH)
KYC gates
mint unknown · buy unknown
Custody
self
Chain
Arbitrum
Token ISIN
none published
identity only · no figures stated
SMHB · bStocks
VanEck Semiconductor ETF (bStocks Tokenized Stock)
KYC gates
mint unknown · buy unknown
Custody
—
Chain
BNB Chain
Token ISIN
none published
identity only · no figures stated
SMH · Dinari
VanEck Semiconductor ETF (Dinari SMH)
Target / Area
Retail (US)
KYC gates
mint required · buy required · whitelist
Custody
whitelisted
Chain
ethereum / base / arbitrum-one / avalanche
Token ISIN
none published
identity only · no figures statedchecked 2026-10-16
tSMH · MIO 3 MARKETS 1 S.A.S. de C.V.
SMH token by MIO 3 MARKETS 1 (tSMH)
KYC gates
mint unknown · buy unknown
Custody
—
Chain
—
Token ISIN
none published
identity only · no figures statedchecked 2026-07-16
SMH.RH · Robinhood Assets (Jersey) Limited
VanEck Semiconductor ETF • Robinhood Token
KYC gates
mint unknown · buy unknown
Custody
self
Chain
Robinhood Chain
Token ISIN
none published
identity only · no figures stated

Can I buy VanEck Semiconductor ETF (SMH) as a token — and from which issuers?

Machine-readable: these instruments as JSON · every underlying · llms.txt

VanEck Semiconductor ETF as a perpetual

Not ownership: no dividend, no vote, no claim on the share. Funding is paid or received every hour; positive means longs pay shorts. Leveraged positions are liquidated when margin runs out. Settled in stablecoins on Hyperliquid; each market is run by its own deployer (HIP-3).

xyz:SMH · XYZ on Hyperliquid
SMH references 1 share of the VanEck Semiconductor ETF (Nasdaq: SMH), quoted in USD.
perp · no ownership
Fee taker / maker
0.009 % / 0.003 %
Funding, 7-day avg
5.47 % p.a.
Funding, latest hour
8.76 % p.a.
Max leverage
20×, isolated only
Collateral
USDC
24h volume
$893K
Open interest
$2.5M
para:SMH · Paragon on Hyperliquid
SMH tracks the MarketVector™ US Listed Semiconductor 25 Continuous Index (MVCSMH), a 24/5 version of MarketVector’s flagship US-listed semiconductor benchmark.
perp · no ownership
Fee taker / maker
0.009 % / 0.003 %
Funding, 7-day avg
127.29 % p.a.
Funding, latest hour
115.44 % p.a.
Max leverage
10×, isolated only
Collateral
USDC
24h volume
$15K
Open interest
$6K

Fees at the entry tier, before volume and referral discounts; the front end you trade through may add its own fee. Funding annualised from hourly rates, positive = longs pay shorts. Read from the Hyperliquid API, 2026-10-19 05:17 UTC. TokenBank takes no fee and has no referral on these markets.

What this comparison shows

Each row is one issuer’s product on VanEck Semiconductor ETF: its wrapper, custody, chain, KYC gates and — where the issuer names them — the investor class and market it is aimed at (“Target / Area”). These are descriptions taken from the issuer’s documents, not a statement about whether you may buy it.

Who may buy is set by the issuer — check their terms. TokenBank does not check eligibility, does not rank or hide anything by it, and takes no fee for these listings.

Tokenized securities carry issuer, custody and smart-contract risk on top of market risk, are not deposit insured, and often give you no shareholder rights in the underlying company — each token page says which. Not investment advice.

More in Sector & thematic funds

Same industry as VanEck Semiconductor ETF. Industry: assigned by hand. All in Sector & thematic funds →

VanEck Semiconductor ETF, answered.

Which tokenized VanEck Semiconductor ETF should I pick?

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tSMH (MIO 3 MARKETS 1 S.A.S. de C.V.). SMH (Dinari) — aimed at Retail (US). SMH.RP (BG El Salvador, S.A. de C.V. (Reality)). SMHB (bStocks). SMHx (Backed / Kraken (xStocks)) — aimed at Retail (EU). SMH.RH (Robinhood Assets (Jersey) Limited). ASMH (Anchored Finance (aStock)). They differ in issuer, legal wrapper, holder rights, chain and cost. Who may buy each one is set by its issuer — check their terms before acting.

Why are there 7 different tokens for one security?

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Because tokenizing a share is not one act. Each issuer builds its own wrapper — its own legal entity, jurisdiction, custody arrangement and distribution route — around the same underlying. The tokens are not competing versions of one product; they are different products giving exposure to the same thing.

Are these interchangeable?

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No. They share a price driver and almost nothing else. Different issuer means different counterparty risk, different regulator, different redemption route and different terms. Two tokens can move identically all year and still leave you with entirely different rights if the issuer fails.

Does a token ISIN matter here?

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It tells you something real. An ISIN attaches to a security issued under a regime that requires one, so its presence signals a securities wrapper with a prospectus behind it. Its absence is not a defect; it describes a different legal structure. Both appear in the table below.

Is a VanEck Semiconductor ETF perp the same as a tokenized VanEck Semiconductor ETF?

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No. A tokenized share is a claim on an issuer that holds (or tracks) the share. A perpetual is a contract between traders: it follows the price through funding, pays no dividend, gives no vote, and a leveraged position is closed when the margin runs out.

What does a VanEck Semiconductor ETF perp cost to hold?

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Two things. A trading fee — xyz:SMH 0.009 % taker, para:SMH 0.009 % taker at the entry tier, before any fee the front end adds. And funding, settled every hour: over the last 7 days xyz:SMH averaged 5.47 % a year, para:SMH averaged 127.29 % a year. Positive funding means longs pay shorts; it changes every hour.