The asset manager said on May 14 that VNECK launched a new fund on the stock exchange (ETF) designed to invest in stocks and financial tools that provide exposure to the digital economy.
Vaneck Onchain Economy ETF (knot) was included on the CBOE Stock Exchange and aims to provide investors with wide exposure to companies operating in the Blockchain ecosystem, including encryption and exchange mines, infrastructure providers and financial technology platforms directed towards encryption, He said In a press release.
VANECK said that the ETF node will also look at any company that has clearly reached plans to engage in this field, as it is clear through public deposits, profit calls or investor materials.
In addition, the fund, which will be actively managed, may invest in the financial tools related to encryption but will not keep any encrypted coins, according to the press statement.
“With the new companies entering the universe through initial subscriptions or strategic transformations, we will constantly update our investment world,” Matthew Segel, head of the VANECK digital asset research and the director of ETF.
He said: “We will also set the experimental version and volatility to maintain the responsible exposure to Bitcoin and companies that lead the growth of ONChain’s economy, and avoid excessive allocation to high beta names during excessive markets and maintain the purchasing power of future opportunities.”
Beta indicates the exposure of the financial origin to the fluctuations of the market.
Related to: The analyst says the strategy will overcome all public shares with Bitcoin
Other ETF files
In April, VANECK launched another ETF. VANECK Digital Transformation ETF (DAPP) invests in a negative index of companies operating in the digital asset space.
DAPP ETF has $ 185 million of net assets as of May 14, according to its website.
Asset managers, such as Vaneck, requests the US Securities and Stock Exchange Committee (SEC) Then to list 70 encryption ETFS.
The wave of ETF files is in response to US President Donald Trump, which inspires SEC’s organizational position towards encryption after taking office in January.
On May 5, Vaneck asked SEC to include green light ETF holds the original symbol of the BNB series.
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