CryptoWhistle - Crypto Currency Tracker logo CryptoWhistle - Crypto Currency Tracker logo
Seeking Alpha 2021-04-14 14:42:15

VanEck launches new digital transformation ETF

VanEck has launched a new exchange traded fund called the VanEck Vectors Digital Transformation ETF (DAPP).DAPP will provide market participants access to organizations driving digital transformation across the global economy.A few key facts to understand about DAPP is that it will provide coverage to companies that have the potential of getting 50% of their revenue from digital assets and will provide exposure to cryptocurrency exchanges, miners, and other infrastructure companies. DAPP can be looked at by market participants as an indirect way to gain exposure to bitcoin (BTC-USD) and the crypto market.Ed Lopez, Managing Director, Head of ETF Product for VanEck, stated: “The digitalization of the global economy has been picking up steam for the past several years, and as digital assets mature, this has driven the growth of several innovative companies—not only miners of digital assets, but also digital asset exchanges, payments, services, storage, e-commerce and much more.” Lopez continued to

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.