New VanEck ETF on Xetra: digital assets
New VanEck ETF on Xetra: digital assets
A new exchange-traded fund issued by VanEck Vectors has been tradable on Xetra and Börse Frankfurt since Thursday.
With the VanEck Vectors Digital Assets Equity UCITS ETF, investors participate in the performance of companies that generate at least 50 per cent of their revenues directly or indirectly from digital assets. These include operators of crypto exchanges or mining companies, as well as companies that provide hardware and services to the crypto industry, such as semiconductor manufacturers and payment service providers. In addition, companies that hold a significant amount of digital assets may be included in the Index.
The index always comprises at least 25 securities and limits the weighting of a company to a maximum of eight per cent. Semiconductor stocks and payment service providers are weighted with a maximum of 4.5 percent.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
VanEck Vectors Digital Assets Equity UCITS ETF | Equity ETF | IE00BMDKNW35 | 0.65 per cent | Accumulating | MVIS Global Digital Assets Equity Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,648 ETFs. With this selection and an average monthly trading volume of around €16.5 billion, Xetra is the leading trading venue for ETFs in Europe.