0.14%What VOOX tracks
VOOX tracks Vanguard S&P 500, an index fund that holds a broad basket of stocks according to its index rules. Its price follows the fund's share price, which moves with the combined value of the companies in the index.
Because an index fund spreads its holdings across many companies, trouble at any single company has a limited effect on it. The fund still falls when the broad market falls.
About S&P 500 ETF
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TelegramHow VOOX works
VOOX 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. VOOX tracks the price of Vanguard S&P 500, 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 VOOX, and it does not issue, back, or custody the token.
The price of VOOX 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.
Distribution terms for VOOX are set by Backed Finance. Where the underlying fund pays distributions, issuers usually reflect them in the token rather than paying cash.
When can you trade VOOX?
VOOX 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 VOOX 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 Core S&P 500 ETF | $753.20 | 1.51% | Ondo | US market hours | |
| 2 | SPDR S&P 500 ETF Trust | $749.86 | 1.51% | Backed Finance | US market hours | |
| 3 | SPDR S&P 500 ETF Trust | $749.86 | 1.51% | Ondo | US market hours | |
| 4 | Invesco QQQ Trust | $674.90 | 2.44% | Backed Finance | US market hours | |
| 5 | Invesco QQQ Trust | $674.90 | 2.44% | Ondo | US market hours | |
| 6 | Vanguard Total Stock Market ETF | $369.058 | 1.54% | Ondo | US market hours | |
| 7 | Vanguard Total Stock Market ETF | $369.058 | 1.54% | Backed Finance | US market hours | |
| 8 | iShares Russell 2000 ETF | $276.119 | 1.74% | Backed Finance | US market hours | |
| 9 | iShares Russell 2000 ETF | $276.119 | 1.74% | Ondo | US market hours | |
| 10 | Vanguard Value ETF | $228.422 | 0.83% | Ondo | US market hours | |
| 11 | iShares Russell 2000 Value ETF | $211.883 | 1.18% | Ondo | US market hours | |
| 12 | iShares Core S&P Total US Stock Market ETF | $163.611 | 1.53% | Ondo | US market hours | |
| 13 | Vanguard Total World Stock ETF | $154.469 | 1.29% | Backed Finance | US market hours | |
| 14 | iShares Core S&P Small-Cap ETF | $140.053 | 1.25% | Backed Finance | US market hours | |
| 15 | iShares Russell 1000 Growth ETF | $114.017 | 2.33% | Ondo | US market hours | |
| 16 | WisdomTree US Quality Dividend Growth Fund | $97.724 | 1.17% | Ondo | US market hours | |
| 17 | Vanguard Growth ETF | $83.705 | 2.10% | Backed Finance | US market hours | |
| 18 | Franklin US Large Cap Multifactor Index ETF | $75.571 | 1.82% | Ondo | US market hours | |
| 19 | iShares Core S&P Mid-Cap ETF | $73.404 | 1.34% | Ondo | US market hours | |
| 20 | Franklin U.S. Equity Index | $65.53 | 1.49% | Backed Finance | US market hours | |
| 21 | Franklin U.S. Mid Cap Multi-Factor | $62.724 | 0.35% | Backed Finance | US market hours | |
| 22 | Franklin Focused Growth ETF | $45.515 | 2.40% | Ondo | US market hours | |
| 23 | Franklin Small Cap Enhanced | $28.606 | 1.46% | Backed Finance | US market hours |