VanEck to Showcase Real-World Utility With First NFT Collection

Asset management company VanEck has taken its first steps in the virtual world with the release of its first collection of non-fungible tokens. Co-founder Matt Barlett revealed that the tokens would likely grant holders exclusive access to various perks. However, VanEck is trying to set its NFTs apart from existing ones as much as possible. VanEck’s Vision for NFTs The New York-based investment firm has dubbed the newly-launched collection the VanEck Community NFT. It comprises 1000 Ethereum-based tokens that feature…

New Approach: VanEck Files For Digital Asset Mining ETF

The SEC has not crushed VanEck’s hopes of expanding indirect exposure to the crypto industry. Following a failed attempt at a spot Bitcoin ETF, the fund manager has filed for a fund linking to digital asset mining companies. The ETF will be 80% invested in securities from crypto mining businesses. Exposure To The Mining Industry According to VanEck’s application with the SEC yesterday, the mining companies included must generate at least 50% of their revenues from mining activity. Furthermore, the…