VanEck, a financial institution that holds approximately $82 billion in assets under management with exchange-traded funds, mutual funds and institutional accounts, announced on Monday , announced the launch of the first cryptocurrency fund.
The fund is listed as an exchange-traded bond, or ETN, on the Swiss exchanges Deutsche Boerse Xetra and SIX with exposures to Bitcoin (BTC), Ethereum (ETH) and Polkadot (DOT). Solana (SOL), Tron (TRX), Avalanche (Afax) and Polygon (Matic).
Jegs Koning, Co-President of VanEck Europe, explained why it was so important for the company to make it easier for the company to invest in cryptocurrencies, saying: In early 2017, we decided that digital assets could To provide an alternative store of value for coins and gold, as well as a range of technology solutions that can reduce costs in the payments and investment industries.
While VanEck's cryptocurrency products are gaining traction in Europe, facing regulatory hurdles in the United States there, the company's offering is limited to private crypto funds for investors Institutional and stock-only ETFs made up of companies that use blockchain technology.
