VanEck Launches Multi-Asset ETF with 2% Bitcoin Target Allocation

According to TechFlow News, on October 28, as reported by Cointelegraph, U.S. asset management firm VanEck has launched an actively managed ETF, 'VanEck Wealth Builder ETF' (NYSE: WBMO), allocating to equities, bonds, gold and other physical assets, as well as Bitcoin. The fund invests in VanEck and third-party ETFs, with a target Bitcoin allocation of 2% and an allowed range of 1% to 5%, gaining exposure through spot Bitcoin ETPs rather than holding Bitcoin directly. The product is based on VanEck's previously offered Wealth Builder model portfolio for financial advisors, with VanEck responsible for allocation and rebalancing. As of September 30, VanEck's assets under management totaled approximately $244.1 billion.

Source: TechFlow