Asset management company VanEck on January 2 applied for a new exchange-traded fund (ETF) focused on digital asset infrastructure companies
Notably, the fund avoids the direct exposure to cryptocurrencies that characterizes other ETFs and maintains exposure to the digital asset market as a whole.
On-Chain Economy #ETF is structured so that at least 80% of its assets will be held in
“digital transformation company” LINE, according to a Jan. 15 SEC filing confirmed by Decrypt.
b and seeks to allocate funds across digital asset products.
On Monday, VanEck Europe’s exchange-traded fund (ETN) for solans underwent a major transformation, offering investors across the EU the opportunity to bet on solans. The $74 million instrument, listed on the Euronext Amsterdam stock exchange in the Netherlands, will generate daily rewards on solanum that will be reinvested, the company said. The change, called the VanEck #Solana ETN, is a new form of passive income for the fund’s investors. Each day, Solana Gaming’s rewards will be reflected in the ETN.
These companies include crypto exchanges, payment gateways, mining businesses and infrastructure services companies.
additionally, the fund will invest in core technology, infrastructure and data that support the trading of #digital assets.
digital transformation companies are selected based on a combination of fundamental analysis, market trends, the company’s strategic position in the digital asset ecosystem and
VanEck’s evaluation, VanEck said in a statement. Regarding the
Digital Assets product, VanEck said in a statement that while
aims to "target investments in the largest digital assets by market capitalization,
"this fund will not include stable coins;
will not include stable coins.
It’s unclear whether that description applies to stable coin issuers in general or just their products and offerings; VanEck did not immediately respond to Decrypt’s request for comment;
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