Alternative Investments/Digital Assets: VanEck’s Digital Assets Mining ETF (DAM) Offers Exposure To Crypto Miners
Digital asset miners represent the largest—and a fast-growing—segment of the publicly traded digital asset ecosystem.
VanEck launched earlier this month the VanEck Digital Assets Mining ETF (NASDAQ: DAM). It offers targeted exposure to digital assets mining companies, which validate and process blockchain transactions to create new units of cryptocurrency. The new ETF expanded VanEck’s crypto and blockchain-focused investment offerings and providing investors access to companies essential to driving digital transformation. (BusinessWire)
Other ETFs by VanEck in the digital assets sector are the VanEck Digital Transformation ETF (NASDAQ: DAPP), which offers diversified exposure to companies at the forefront of the digital assets transformation, such as digital asset exchanges, miners, and other key infrastructure companies; and the VanEck Bitcoin Strategy ETF (BATS: XBTF), a bitcoin-linked ETF on the U.S. market, providing actively managed exposure to bitcoin futures.
VanEck Digital Assets Mining ETF (NASDAQ: DAM)
The ETF benchmarks against the MVIS Global Digital Assets Mining Index, which is intended to track the performance of companies that are participating in the digital assets mining economy.
To be eligible for inclusion in the Index, a company must generate at least 50% of its revenues from digital assets mining activities or mining-related technology or have projects that, when developed, have the potential to generate at least 50% of their revenues from digital asset mining activities or mining-related technologies.
The net expense ratio of the ETF is 0.50%.
The ETF will not invest in digital assets (including cryptocurrencies) directly or indirectly through the use of digital asset derivatives.
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