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VanEck Seeks SEC Approval for New ETF Focused on Crypto Firms
VanEck Seeks SEC Approval for New ETF Focused on Crypto Firms
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VanEck has filed for SEC approval for a new ETF that will focus on companies and instruments related to the cryptocurrency sector without directly investing in cryptocurrencies. The fund plans to allocate at least 80% of its net assets to 'Digital Transformation Companies' and 'Digital Asset Instruments.' Digital Transformation Companies include those operating in crypto exchanges, payment gateways, crypto mining, and related infrastructure. Digital Asset Instruments refer to financial products like commodity futures and options that provide exposure to cryptocurrencies.
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