VanEck launches multi-asset ETF with bitcoin exposure
6.8 Investments VanEck’s WBMO ETF offers equities, bonds, real assets, and indirect bitcoin exposure in one actively managed portfolio, with a net annual fee of 0.26%.
VanEck has introduced the Wealth Builder ETF (WBMO), an exchange-traded fund designed to offer exposure to equities, bonds, real assets, and bitcoin within a single, actively managed portfolio. Listed on the US exchange under the ticker WBMO, this fund provides investors with a diversified strategy that blends both traditional and alternative assets. Bitcoin exposure is achieved indirectly through exchange-traded products linked to digital assets, rather than direct bitcoin purchases. The fund employs a Cayman Islands subsidiary for certain investments, with a general cap of 25% of total assets at each fiscal quarter's end, though this limit is not exclusive to bitcoin holdings. WBMO charges a gross annual fee of 0.33%, which is reduced to 0.26% after management fee waivers. The ETF aims to deliver diversification, long-term growth, and income generation through regular portfolio adjustments, allowing investors to access a broad range of assets, including bitcoin, without the need to manage multiple products.
