As recently revealed in the <a href="https://www.etfstream.com/news/vaneck-launches-digital-assets-equity-etf/" target="_blank" rel="nofollow noopener">news</a>, the investment company VanEck is launching an Exchange-Traded Fund that tracks the MVIS Global Digital Assets Equity index. The recently launched ETF offers exposure to the firms that are working with crypto and blockchain technology.
<h2>Investment Firm VanEck Rolls Out First Exchange Traded Fund in Europe</h2>
The newly released exchange-traded fund tracks the performance of the biggest and most liquid firms in the segment of digital assets. 

In addition to this, it should also be known that <a href="https://www.cryptoknowmics.com/news/vaneck-and-betashares-in-race-to-apply-for-aussie-crypto-etfs/">the company</a> offers its customers to bet on its brand new product which is, the VanEck Vectors Digital Assets Equity UCITS ETF (DAPP). 

Moreover, the firm has been listed on the Deutsche Boerse and the London Stock Exchange and the total expense ratio is 0.65%.

DAPP tracks the performance of the <a href="https://www.cryptoknowmics.com/news/asset-manager-vaneck-files-for-cryptocurrency-etf/">MVIS Global Digital Assets Equity Index</a> and it includes almost 30 firms that operate in the industries based on blockchain and cryptocurrency.

Talking further about the index, each of the entities listed in the new index makes a minimum of 50% of their total income from the projects that are based on digital assets. They may include projects like crypto miners, <a href="https://www.cryptoknowmics.com/news/how-to-buy-bitcoin-with-a-bank-account/">crypto exchanges</a>, software services, digital infrastructure, equipment and technology, and payment firms.
<h2>Digital Transformation and the Economy</h2>
The Head of VanEck at Europe commented on the situation that read:

“The digital transformation is changing large parts of our economy. This is not just short-term hype, but rather is a long-term, structural development. Blockchain applications are finding more areas of use that now extend way beyond cryptocurrencies. Consequently, investors are increasingly looking to digital assets for investment opportunities.”

In addition to this, the Director of Digital Assets Strategy at VanEck, Gabor Gurbacs 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 Releases First Exchange Traded Fund In Europe

As revealed in the news, the investment company VanEck is launching an Exchange-Traded Fund that tracks the MVIS Global Digital Assets Equity index.

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

VanEck Releases First Exchange Traded Fund In Europe

Top Picks