VanEck has introduced the Wealth Builder ETF (NYSE Arca: WBMO), which integrates global stocks, bonds, real assets, and Bitcoin exposure into a single investment vehicle.
This actively managed ETF operates by utilizing various underlying exchange-traded funds, with VanEck responsible for managing portfolio allocations and periodic rebalancing.
The fund aims for a 2% allocation to Bitcoin, allowing flexibility within a range of 1% to 5%.
VanEck has established a gross expense ratio of 0.33% for the ETF, and a temporary fee waiver reduces the net expense ratio to 0.26%.
Bitcoin exposure is achieved via a spot Bitcoin exchange-traded product rather than through direct ownership of the cryptocurrency itself.
Additionally, the fund seeks a 7.5% allocation to real assets like gold, natural resources, and infrastructure, with a permissible range of 4% to 12%.
The portfolio encompasses both US and international equities, fixed-income assets, and real assets, providing investors access to a diverse range of asset classes through a single product.
WBMO presents investors with a unified fund that blends traditional asset classes alongside a specified allocation to Bitcoin.