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VanEck Has Filed for a New ETF, Focusing on Gold and Crypto Mining Companies

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VanEck is planning to launch a new  exchange-traded fund (ETF  ). The ETF focuses on the mining industry, gold and cryptocurrencies. VanEck submitted an application to the SEC to approve the ETF.

vaneck

source: SEC

At the end of 2021 VanEck application for a spot  bitcoin  ETF was rejected by the SEC. The US regulators have disapproved ETFs that are tied to the spot price of bitcoin.

The new ETF that was submitted is not linked to the spot price of bitcoin. The submission was made prior to an executive order on cryptocurrencies, which is expected to be signed by President Biden this week.

VanEck Digital Assets Mining ETF, which focuses only on crypto mining companies was sent for approval several months ago.

The ETF May Target Crypto Investors

Gold is currently trading over $2,000 due to safe-haven flows. The economic sanctions on Russia and possible oil embargo were sufficient to rattle the markets.

Due to the strong gains in the yellow metal, investors may be looking to invest in gold. Gold mining companies ETF such as GDX may be a popular choice.

VanEck is attempting to appeal to cryptocurrency investors by providing an exposure to both gold and bitcoin mining. Although these are 2 separate markets, due to the tension between Russia and Ukraine it may have high demand (if approved).

To be eligible for the Global Digital Asset Mining Index, companies must generate at least 50% of its profits from mining digital assets or alternatively a technology that is related to crypto mining.

Companies that are also developing projects that have the potential to obtain at least half their revenues from activities that are related to crypto mining.

VanEck GDX ETF, which has been outperforming since gold broker higher has a 17% exposure to Newmont Corporation. Barrick Gold Corp makes up 12% of the ETF.

VanEck is planning to launch a new  exchange-traded fund (ETF  ). The ETF focuses on the mining industry, gold and cryptocurrencies. VanEck submitted an application to the SEC to approve the ETF.

vaneck

source: SEC

At the end of 2021 VanEck application for a spot  bitcoin  ETF was rejected by the SEC. The US regulators have disapproved ETFs that are tied to the spot price of bitcoin.

The new ETF that was submitted is not linked to the spot price of bitcoin. The submission was made prior to an executive order on cryptocurrencies, which is expected to be signed by President Biden this week.

VanEck Digital Assets Mining ETF, which focuses only on crypto mining companies was sent for approval several months ago.

The ETF May Target Crypto Investors

Gold is currently trading over $2,000 due to safe-haven flows. The economic sanctions on Russia and possible oil embargo were sufficient to rattle the markets.

Due to the strong gains in the yellow metal, investors may be looking to invest in gold. Gold mining companies ETF such as GDX may be a popular choice.

VanEck is attempting to appeal to cryptocurrency investors by providing an exposure to both gold and bitcoin mining. Although these are 2 separate markets, due to the tension between Russia and Ukraine it may have high demand (if approved).

To be eligible for the Global Digital Asset Mining Index, companies must generate at least 50% of its profits from mining digital assets or alternatively a technology that is related to crypto mining.

Companies that are also developing projects that have the potential to obtain at least half their revenues from activities that are related to crypto mining.

VanEck GDX ETF, which has been outperforming since gold broker higher has a 17% exposure to Newmont Corporation. Barrick Gold Corp makes up 12% of the ETF.

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