This ETF launched yesterday. This is an actively managed fund focused in the onchain economy. Their strategy is to have a large base position in bitcoin etf (nothing new) with tiered exposure to bitcoin treasury companies, and companies with BTC on balance sheet (also nothing new...think bitwise OWNB).
Where I feel it gets interesting is they are also allocating AI, semis, e-commerce, energy infrastructure. Small allocations into less volatility and even 1% type allocation to things like small modular reactor companies.
I like the concept of this play as I feel there will be a transition into an onchain economy and they seem to be attempting to capture the entirety of that growth in a fund that is actively managed and maneuvered as new companies IPO. Expense ratio does seem high at .79% though.
Here is an interview with Vaneck fund manager. Starts at 4 min mark. Side note is that this show is great and I listen most days
https://podcasts.apple.com/us/podcast/the-wolf-of-all-streets/id1500066831?i=1000708476828
I haven't bought shares yet because I'm waiting on details on their allocations/holdings but definitely keeping an eye on it.
Where I feel it gets interesting is they are also allocating AI, semis, e-commerce, energy infrastructure. Small allocations into less volatility and even 1% type allocation to things like small modular reactor companies.
I like the concept of this play as I feel there will be a transition into an onchain economy and they seem to be attempting to capture the entirety of that growth in a fund that is actively managed and maneuvered as new companies IPO. Expense ratio does seem high at .79% though.
Here is an interview with Vaneck fund manager. Starts at 4 min mark. Side note is that this show is great and I listen most days
https://podcasts.apple.com/us/podcast/the-wolf-of-all-streets/id1500066831?i=1000708476828
I haven't bought shares yet because I'm waiting on details on their allocations/holdings but definitely keeping an eye on it.