VanEck Seeks SEC Approval for Crypto and Gold Mining ETF

Global investment fund manager VanEck has filed an application with the US Securities and Exchange Commission to launch an ETF that focuses on gold and BTC mining firms.

VanEck Digital Assets Mining ETF will not make direct investment in cryptocurrencies or their derivatives but in securities under an index that tracks the performance of the targeted companies.  

The news comes as the US administration prepares an executive order that will regulate the cryptocurrency sector. The order is expected to direct federal agencies to prepare reports about the policies in the sector.

VanEck unveiled a cryptocurrency fund listed on Deutsche Boerse Xetra and Swiss exchanges with exposure in major cryptocurrencies at the start of the year.

The commission rejected its spot ETF in November last year in what is seen as the lack of an open regulatory framework to support the offering.

Source: Cointelegraph

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