VanEck launches Wealth Builder ETF with targeted 2% Bitcoin allocation
Briefing by News4U · First published
US asset manager VanEck launched the actively managed Wealth Builder ETF (NYSE: WBMO), combining stocks, bonds and real assets with a 2% target Bitcoin allocation via a spot Bitcoin ETP, within a permitted range of 1% to 5%.
VanEck has launched an actively managed exchange-traded fund that mixes stocks, bonds and real assets with a targeted Bitcoin allocation, Cointelegraph reported on Tuesday. [1]
The VanEck Wealth Builder ETF (NYSE: WBMO) invests in VanEck and third-party ETFs, with a target Bitcoin allocation of 2% and a permitted range of 1% to 5%. Bitcoin exposure comes through a spot Bitcoin ETP rather than direct holdings of the cryptocurrency. [1]
The fund builds on VanEck Wealth Builder model portfolios previously available to financial advisers through third-party wealth management platforms. Its strategy incorporates exposure to global equities, fixed income, gold and other real assets, with allocations managed and rebalanced by VanEck. [1]
Sources
- VanEck launches diversified ETF combining stocks, bonds and Bitcoin exposure
Cointelegraph · · Full text