The exchange-traded fund provider, Vaneck has filed for a Digital Asset ETF, which aims to hold equity in companies that generate revenue from cryptocurrency services. The latest ETF filing is different from the fund Vaneck applied for in mid-December, as it aims to bring investors exposure to the cryptocurrency industry.
Last December, the asset manager, and ETF provider Vaneck filed for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This was after the firm launched a bitcoin exchange-traded note called the “Vaneck Vector Bitcoin ETN” on Deutsche Böerse Xetra. Following these two actions, recent filings show that Vaneck wants to produce another fund called the “Digital Asset ETF.” The Digital Asset ETF registration was sent to the SEC on Thursday, January 21, 2021.
Essentially the Digital Asset ETF will allow investors to gain exposure to companies offering goods and services within the crypto industry. The fund will hold equity in companies…