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VanEck Eyes Digital Asset Mining ETF

Blue abstract digital background with cybernetic particles and VanEck logo

Major investment manager VanEck is seeking to launch an exchange-traded fund that will track the mining of digital assets, according to a filing with the Securities and Exchange Commission.

Dubbed as the Digital Asset Mining ETF, the planned fund seeks to track as closely as possible the price and yield performance of the MVIS Global Digital Asset Mining Index.

The fund will normally invest at least 80% of its total assets in securities of Digital Asset Mining Companies such as firms that provide hardware, software services, or other technologies to companies involved in DAMCs.

The VanEck ETF will not invest in digital assets directly or indirectly through the use of digital asset derivatives, nor will it invest in initial coin offerings. It is not expected to track the price movement of any digital asset.

VanEck noted that investors in the fund should be willing to accept high volatility in the price of its shares and the possibility of significant losses.

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