VanEck Launches Multi-Asset ETF Targeting 2% Bitcoin Allocation

On October 28, according to Cointelegraph, US asset manager VanEck launched the actively managed ETF "VanEck Wealth Builder ETF" (NYSE: WBMO), which simultaneously allocates to physical assets such as equities, bonds, gold, and Bitcoin. The fund invests in VanEck and third-party ETFs, with a target Bitcoin allocation of 2%, allowed within a range of 1% to 5%, gaining exposure through spot Bitcoin ETPs rather than holding Bitcoin directly. The product is based on the Wealth Builder model portfolio that VanEck previously provided to financial advisors, with VanEck responsible for its allocation and rebalancing. As of September 30, VanEck managed approximately $244.1 billion in assets.