VanEck Files for ETF That Gives Investors Exposure to Crypto Companies

Asset manager VanEck has filed a 'Digital Asset ETF' with the SEC, paving the way for institutional investors to be able to get exposure to shares in companies that gain most of their value from cryptocurrencies.

This ETF will track the performance of the MVIS® Global Digital Assets Equity Index, which tracks the performance of the digital asset industry. This includes companies that operate crypto exchanges, payment gateways, mining operations and those that hold significant amounts of cryptocurrency on their balance sheet, such as MicroStrategy.

Just last month, VanEck refiled for a Bitcoin ETF with the SEC, although it has come under fire from its former partner SolidX, which is accusing it of plagiarism.

SolidX has been working to bring a Bitcoin ETF to market since 2015, while VanEck was the first company to file for a Bitcoin ETF registered under the Investment Company Act in 2017.