VanEck Wealth Builder ETF Launches With 2% Bitcoin Allocation

VanEck has launched the Wealth Builder ETF, combining stocks, bonds, gold, and Bitcoin exposure in a single actively managed investment product. The fund targets a 2% Bitcoin allocation, with a permitted range of 1% to 5%. It gives investors access to multiple asset classes through one exchange-traded fund. The fund, listed on the New York Stock Exchange under the ticker WBMO, invests in exchange-traded funds managed by VanEck and other providers. According to the company’s announcement on October 27, Bitcoin exposure comes through a spot Bitcoin exchange-traded product (ETP), rather than direct cryptocurrency holdings. Also Read | Bitcoin Price Encounters Key $80K Hurdle as Strive Acquires 6,182 BTC The VanEck Wealth Builder ETF is an extension of VanEck’s Wealth Builder model portfolios that had already been offered to financial advisors…

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TronWeekly.