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VanEck Launches its First Crypto ETF in Europe

VanEck, the global investment manager has launched its first cryptocurrency ETF in Europe that will track the progress of companies holding Bitcoin and other cryptocurrencies on their balance sheet. The ETF would track MVIS Global Digital Assets Equity index which currently includes 26 pure-play digital asset companies. The new crypto ETF  will be called VanEck Vectors Digital Assets Equity UCITS ETF (DAPP) that made its debut on London Stock Exchange and Deutsche Boerse.
The MVIS Index includes those companies that derive at least 50% of their revenues from digital asset projects and include payment firms, mining companies, and software services.
Gabor Gurbacs, director of digital assets strategy at VanEck, said,
“For investors who cannot or do not want to invest directly in individual cryptocurrencies, DAPP provides a good opportunity to invest in digital asset companies in both a targeted and diversified manner and to benefit from the positive development of the sector.”
VanEck

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Źródło: https://coingape.com/vaneck-launches-its-first-crypto-etf-in-europe/

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