VanEck Launches Diversified ETF with Targeted Bitcoin Allocation

Asset manager VanEck has launched an actively managed exchange-traded fund that combines stocks, bonds, and real assets with a targeted allocation to Bitcoin.

The VanEck Wealth Builder ETF (WBMO), which began trading on the NYSE, aims for a 2% Bitcoin allocation with a permitted range of 1% to 5%. The fund gains its Bitcoin exposure indirectly through a spot Bitcoin exchange-traded product (ETP).

David Schassler, VanEck’s head of multi-asset solutions, stated that the traditional 60/40 portfolio was built for a different investment landscape. He argued that adding real assets like Bitcoin alongside stocks and bonds could help investors navigate a wider range of economic conditions.

The ETF builds on VanEck’s existing Wealth Builder model portfolios and invests in a mix of VanEck and third-party ETFs. As of September 30, VanEck managed approximately $244.1 billion in assets.