VanEck launches diversified ETF combining stocks, bonds and Bitcoin exposure
VanEck’s new Wealth Builder ETF targets a 2% Bitcoin allocation, with a permitted range of 1% to 5%, gaining exposure through a spot Bitcoin ETP.
VanEck has introduced a new actively managed ETF called the VanEck Wealth Builder (WBMO) that combines stocks, bonds, real assets, and a targeted allocation to Bitcoin. The fund aims to invest in a range of global equities, fixed income, gold, and other real assets, with a Bitcoin allocation between 1% and 5%, including a targeted 2%.
Bitcoin exposure in the fund is achieved through a spot Bitcoin ETP, rather than holding the cryptocurrency directly. This innovative product builds upon VanEck's existing Wealth Builder portfolio, which was previously accessible to financial advisors through third-party platforms. The strategy's objective is to offer investors a more diversified approach, capable of adapting to various economic conditions beyond the traditional 60/40 portfolio.
David Schassler, VanEck's head of multi-asset solutions, stated that real assets can provide additional stability in a broader range of market environments. The launch of the fund follows a March partnership with retirement platform Basic Capital, which made VanEck's digital asset exchange-traded products available via US employer-sponsored 401(k) plans. As of September 30, VanEck managed approximately $244.1 billion in assets.
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