5.18%What SMHX tracks
SMHX tracks VanEck Semiconductor ETF, a fund that holds companies from one industry or theme. Its price follows the fund's share price, which moves with the fortunes of that sector.
Because the fund's holdings share the same industry risks, it tends to swing more than a broad index fund and can lead or lag the wider market for long stretches.
About VanEck Semiconductor
VanEck Semiconductor (SMHX) is issued by xStocks and trades on the Solana blockchain. VanEck Semiconductor is verified on Solana's token registry. This page tracks its live price, chart and market data from the Solflare wallet.
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How SMHX works
SMHX is issued by Backed Finance. Backed Finance issues xStocks through Backed Assets (JE) Limited, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.
What you hold is the token, not the underlying asset. SMHX tracks the price of VanEck Semiconductor ETF, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Backed Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping SMHX, and it does not issue, back, or custody the token.
The price of SMHX on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.
The asset behind SMHX doesn't pay distributions, so the value of SMHX reflects price movement alone.
When can you trade SMHX?
SMHX can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of SMHX comes from on-chain trading alone and can drift from the fund's last close.
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| Rank | Tokenized by | Trading hours | Buy | |||
|---|---|---|---|---|---|---|
| 1 | iShares Semiconductor | $146.906 | 5.65% | Backed Finance | US market hours | |
| 2 | iShares Semiconductor ETF | $146.906 | 5.65% | Ondo | US market hours | |
| 3 | Vanguard Real Estate ETF | $96.235 | 0.62% | Ondo | US market hours | |
| 4 | First Trust NASDAQ Cybersecurity ETF | $94.422 | 2.40% | Ondo | US market hours | |
| 5 | Franklin Intelligent Machines | $86.431 | 4.24% | Backed Finance | US market hours | |
| 6 | iShares U.S. Aerospace & Defense ETF | $71.055 | 1.99% | Backed Finance | US market hours | |
| 7 | iShares U.S. Aerospace & Defense ETF | $71.055 | 1.99% | Ondo | US market hours | |
| 8 | Global X US Infrastructure Development ETF | $52.975 | 1.87% | Ondo | US market hours | |
| 9 | Storage ETF (Roundhill) | $41.439 | 4.85% | Backed Finance | US market hours | |
| 10 | Fundrise Innovation Fund | $21.94 | 4.94% | Backed Finance | US market hours |