Vaneck’s crypto-centric ETF reaches $500 million in AUM, with Europe’s expansion playing a major role.
summary
- Vaneck Crypto and Blockchain Innovators Ucits ETFs have reached $500 million in AUM
- Growing interest in European digital assets played a key role
- Funds primarily invest in companies with over 50% of their crypto revenues
Institutional interest in digital assets is growing steadily. On Wednesday, August 27th, global financial company Vaneck revealed to Crypto.News that its crypto and blockchain innovators exceed the $500 million that its administers UCITS. The ETF is investing in companies that generate at least 50% of their revenue through crypto.
Despite the volatility inherent in blockchain space, Vanek believes that increasing adoption is a structural trend. In the long run, we hope that blockchain and digital assets will be deeply integrated into the global financial system.
“Digital transformation is on track in most parts of the economy,” said Martijn Rozemuller, CEO of Vaneck Europe. “Blockchain applications are finding more use cases, which is now far beyond cryptocurrency. This is long-term structural development that leads to innovation in the financial sector as well as other sectors.”
The fund allows investors to gain diversified exposure to the crypto industry. This includes payment providers, crypto miners, hardware manufacturers and trading platforms. The fund also invests in companies that bridge the gap between traditional finance and the crypto ecosystem.
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Vanek bets on Bitcoin and Altcoin
Vaneck is one of the most active asset managers in the crypto sector and invests in a variety of industry segments. Recently, on August 22nd, the company proposed an ETF consisting of Jitosol.
The company is also betting on Bitcoin (BTC). On August 18th, Matthew Sigel, head of digital assets research at Vaneck analyst Nathan Francowitz, predicted that Bitcoin would reach $180,000 by the end of 2025 due to increased corporate demand.
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