Vaneck plans the introduction of an ETF that invests in miners

• The proposed ETF product will invest in companies that work in gold and Bitcoin mining
• The investment company had previously applied for a spot crypto ETF, but was rejected

The ETF and investment fund manager Vaneck based in New York used a new ETF product with indirect engagement in cryptocurrency and precious metals in the early this month. According to a current SEC-OFFERENCHENT Concentrate securities in an index that depicts digital assets and gold mining companies.

The global investment company, which managed a fortune of $ 81.7 billion in November last year, submitted her application last Thursday to the US stock exchange supervisory authority Securities and Exchange Commission. The disclosure did not contain any specific details about the ticket of the fund.

A number of experts have criticized the Vaneck Gold and Digital Assets Mining ETF and found that there is no specific market because gold and Bitcoin investors are different.

crypto editor and analyst at Etf.com Sumit Roy, as cited by block works "I think Vaneck simply tries out different things and looks what remains. It is the equivalent to put bitcoin and gold into an ETF [...]. Although I don't want to rule out this ETF, I do not think that it will find as much compliance as more focused ETFs. different. "

Vaneck previously put on several crypto -related funds

In April 2021, the ETF emittent put on the digital transformation ETF, followed by the stock market-traded Fund Bitcoin Strategy in November.

The asset manager also launched a multi-token cryptofond at the beginning of this year, which found a home on the Six Swiss and German Stock Exchange Xetra. The Exchange Traded Note (ETN) offers access to seven different crypto tokens, including Ethereum, Bitcoin, Solana and Avalanche.

vanecks dignity was rejected by the second at the end of last year. The Commission, led by Gary Gensler, has not yet given the green light. Instead, it made decisions on pending applications and at the same time showed a tendency to futures-based ETFs.

Some market experts have shown that the step to postpone decisions about spot crypto ETF suggestions could be due to the fact that the Commission is waiting for better guidelines for crypto regulation.

The USA is preparing for clearer regulations

It is noteworthy that Vaneck's latest ETF application comes when the country's US government and other authorities deal with how they can best regulate digital assets. A reuters The explanation published yesterday states that US President Joe Biden will probably sign a crypto decree on Wednesday.

The ambitious arrangement is obliged to report federal authorities to report guidelines and strategies that have been implemented to manage virtual assets. The SEC is one of the organizations that will probably be in the spotlight tomorrow.