Global investment manager, VanEck has launched Digital Assets Mining ETF under the ticker signal “DAM.” The latest exchange-traded fund is tailored to provide investors exposure to firms involved in the digital assets mining ecosystem.
Digital Assets Mining ETF (DAM)
According to the official document, DAM will invest at least 80% of its total assets in stocks of crypto-asset miners who earn a minimum of 50% of their revenue from mining activities or related technology or have the capacity to do so. The fund has a net expense ratio of 0.5%.
DAM aims to track “as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Digital Assets Mining Index (MVDAMTR).” For the uninitiated, the MVIS index seeks to help investors track the overall performance of the companies involved in the digital assets mining ecosystem.
The investment manager clarified that the fund will not invest in digital assets (including cryptocurrencies) directly or indirec
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