VanEck Launches WBMO Multi-Asset ETF With Bitcoin Exposure

VanEck has launched WBMO, an actively managed exchange-traded fund that combines stocks, bonds, real assets and indirect exposure to Bitcoin-linked products. The fund’s gross annual expense ratio is 0.33%, while a fee waiver reduces the net ratio to 0.26%, according to the company’s fund materials. Announced October 27, the Wealth Builder ETF brings several asset classes together in one portfolio. VanEck selects and manages the underlying investments and adjusts their allocations, rather than requiring investors to assemble separate funds themselves. The strategy uses both VanEck products and third-party exchange-traded funds, according to the company’s announcement. WBMO does not hold digital assets directly. Instead, it seeks Bitcoin exposure through digital-asset exchange-traded products, which are investment products linked to digital assets. The fund’s materials set a 0.33% gross expense ratio; the reported 0.07 percentage-point waiver brings the net annual ratio to 0.26%. One report on the launch says the fund targets a 2% allocation to Bitcoin exposure, with flexibility to range from 1% to 5%. The fund’s allocation decisions are actively managed, and its prospectus says...