VanEck – top-tier, US-based investment management entity – has finalized its submission with the SEC to roll out the Digital Assets ETF – focusing on the performance of major crypto firms. 

Specifically, VanEck’s freshly submitted ETF will reportedly go by the name Digital Assets ETF – designed to support tracking of the price and performance of the Global Digital Assets Equity Index, operated by its subsidiary MV Index Solutions.

 the new Digital Assets ETF “normally” spends a minimum investment of 80% of its overall assets in securities, which makes up the Fund’s benchmark index – which carries out tracking for the performance of the crypto asset side. 

VanEck further explained that the crypto asset firms reportedly indicate the ones supporting the operation of digital asset exchanges, payment gateways, mining operations, software, equipment and technology or services to the crypto asset sector. 

So as to meet the initial requirements to be included in the index, a firm needs to issue a minimum of 50% of its revenues from crypto assets initiatives, or projects possessing the ability to come up with that amount of revenues, per the filing. 

“Companies with less than 50% of their revenues from the global digital assets segment, including semiconductor and online money transfer companies, may be added to the Index to reach a minimum component number,” VanEck reportedly claimed.