VanEck Vdo Gaming and eSprts ETF Stock Price, News & Analysis

VanEck has launched the VanEck Digital Assets Mining ETF (DAM), targeting investors interested in digital asset mining companies that play a critical role in the blockchain ecosystem. This ETF aims to track the MVIS Digital Assets Mining Index (MVISDAM) and offers exposure to firms generating significant revenue from mining activities. With a net expense ratio of 0.50%, DAM joins VanEck's existing digital asset-focused offerings, including DAPP and XBTF. The firm highlights the growing demand for digital assets as a key factor for this launch.

VanEck has launched the Digital India ETF (DGIN), targeting exposure to leading companies driving India's digitization. As India rapidly shifts towards a digital economy, fueled by a large, tech-savvy population and favorable government policies, DGIN aims to capitalize on this growth. Currently, 622 million Indians are active internet users, projected to rise to 900 million by 2025. The ETF tracks the MVIS Digital India Index, focusing on firms generating at least 50% of revenue from sectors like software, IT services, and e-commerce. It features a net expense ratio of 0.75% and is listed on the NYSE Arca.

VanEck has announced the launch of the VanEck Bitcoin Strategy ETF (XBTF), set to debut on Cboe on November 16, 2021. The ETF aims for capital appreciation through investments in standardized, cash-settled bitcoin futures contracts.

Highlighting its cost efficiency, XBTF features a net expense ratio of 0.65%, 30 basis points lower than its closest competitor. This ETF is structured as a C-Corporation, potentially enhancing tax efficiency for long-term investors.

VanEck announced the closure and liquidation of two ETFs: the VanEck Vectors Emerging Markets Aggregate Bond ETF (EMAG) and the VanEck Vectors Unconventional Oil & Gas ETF (FRAK), effective October 15, 2021. This decision follows an analysis of the funds' performance and investor interest. Shareholders can sell their shares until October 15, with liquidating distributions expected around October 22, 2021. The funds will be delisted and will cease accepting creation orders on October 15. Shareholders should consult their brokers regarding potential transaction fees.

VanEck has launched the HIP Sustainable Muni ETF (CBOE: SMI), focusing on investment-grade municipal debt aimed at sustainability and positive social outcomes. This ETF targets projects like affordable housing and green spaces, utilizing data from HIP Investor to evaluate bonds based on climate resilience and ESG ratings. With over $7 billion in AUM across its municipal bond ETFs, VanEck continues to lead in sustainable investing. CEO R. Paul Herman emphasizes the ETF's role in fostering meaningful climate action.