Investment firm VanEck has filed a request to register an exchange-traded fund (ETF) that will allow institutional investors to invest in the shares of cryptocurrency-related companies.<\/p>\n
According to the \u0437\u0430\u044f\u0432\u043a\u0435<\/a> on the SEC’s website, the instrument named VanEck Vectors ETF Trust will be tied to the MVIS\u00ae Global Digital Assets Equity, which tracks the performance of companies in the cryptocurrency space.<\/p>\n The fund plans to invest more than 80% of its assets in index constituents, including companies for which more than 50% of revenues come from digital assets. Among them are cryptocurrency exchange operators, payment services firms, mining companies, and holders of large holdings of digital currencies.<\/p>\n Back in December, VanEck filed a new application to launch a Bitcoin-based ETF<\/a>. The investment firm with about $49 billion in assets has twice filed similar applications with the SEC, but both times the regulator rejected them and the firm withdrew them.<\/p>\n Earlier, fintech startup SolidX accused VanEck of plagiarism<\/a> of the Bitcoin ETF launch proposal. The two companies had been working together to develop an exchange-traded fund and filed a joint application in 2018.<\/p>\n Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 all the news, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":" Investment firm VanEck has filed a request to register an exchange-traded fund (ETF) that will allow institutional investors to invest in the shares of cryptocurrency-related companies.<\/p>\n","protected":false},"author":1,"featured_media":35201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1211,783],"class_list":["post-35200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stock-market","tag-vaneck"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35200"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35200\/revisions"}],"predecessor-version":[{"id":35202,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35200\/revisions\/35202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35201"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}