VanEck launches diversified ETF with Bitcoin exposure
Key points
- VanEck launched the Wealth Builder ETF (NYSE Arca:WBMO), combining stocks, bonds, real assets and Bitcoin exposure.
- The actively managed fund targets a 2% Bitcoin allocation, within a permitted range of 1% to 5%.
- The fund has a 0.33% gross expense ratio and a 0.26% net expense ratio after a fee waiver.
VanEck has launched the Wealth Builder ETF (NYSE Arca:WBMO), combining global equities, bonds, real assets and Bitcoin exposure in one fund.
The actively managed ETF invests through underlying exchange-traded funds, with VanEck overseeing portfolio allocations and rebalancing.
The fund targets a 2% Bitcoin allocation, with a permitted range of 1% to 5%.
VanEck sets the ETF’s gross expense ratio at 0.33%, while a fee waiver reduces the net expense ratio to 0.26%.
Bitcoin exposure comes through a spot Bitcoin exchange-traded product, rather than direct ownership of the cryptocurrency.
The fund also targets a 7.5% allocation to real assets, including gold, natural resources and infrastructure, within a permitted range of 4% to 12%.
Its portfolio spans US and international equities, fixed-income investments and real assets, giving investors access to multiple asset classes through one listed product.
WBMO offers investors a single listed fund combining traditional asset classes with a defined allocation to Bitcoin.
Frequently asked questions
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