VanEck Launches Digital Transformation ETF (DAPP) in Europe
May 7 2021 · 08:15 UTC by Steve Muchoki · 3 min read
Photo: Depositphotos
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The product dubbed VanEck Vectors Digital Assets Equity UCITS ETF will be publicly available on the London Stock Exchange and Deutsche Boerse.
VanEck, a global investment manager, announced the launch of an exchange-traded fund ETF in Europe to expose investors to companies that are steering the digital transformation for the global economy, particularly the blockchain and cryptocurrency industry. The product dubbed VanEck Vectors Digital Assets Equity UCITS ETF will be publicly available on the London Stock Exchange and Deutsche Boerse under the ticker DAPP with a total expense ratio (TER) of 0.65%.
MV Index Solutions GmbH: MVIS Licensed the MVIS Global Digital Assets Equity Index to VanEck Europe MV Index Solutions GmbH (MVIS
) today announced the licensing of the MVIS Global Digital Assets Equity Index (ticker: MVDAPP) to VanEck Europe for use in a new UCITS equity ETF to provide investors with pure-play exposure to innovative companies that are powering the digital transformation of the world s economy. After licensing the MVIS Global Digital Assets Equity Index to VanEck US, we are pleased to license the index now also to Europe. With the success of our Digital Assets Index suite, we provide investors access to this asset class via stocks. This may include holding companies as well as miners, exchanges and other companies active in the digital assets space, said Thomas Kettner, COO at MV Index Solutions.
VanEck lists digital assets ETF May 06, 2021 By Funds Europe
VanEck has launched an ETF on the London Stock Exchange targeting companies said to be driving forward the digital transformation of the economy with digital assets.
These digital assets are blockchain-based applications ranging from cryptocurrencies such as bitcoin to non-fungible tokens or decentralised programmes.
The firm’s CEO for Europe, Martijn Rozemuller, said: “This is not just short-term hype, but rather is a long-term, structural development. Blockchain applications are finding more areas of use that now extend way beyond cryptocurrencies. Consequently, investors are increasingly looking to digital assets for investment opportunities.”
April 27, 2021
Social distancing measures during the pandemic only accelerated growth in the financial technology (fintech) space. As such, the environment is rife for digital payments via the
One of DAPP’s holdings is payment processing company PayPal, which saw posted a monster 2020.
“The fintech giant had a record year as the pandemic drove shoppers from stores,” a Time article said. “Instead, they bought groceries, movies and underwear on their phones and computers. PayPal does business in more than 200 countries and deals in more than 100 currencies.”
“It did a staggering amount of business last year, processing transactions at a rate of 1,000 per second during the peak holiday shopping season,” the article added. “In total, PayPal processed 15.4 billion payments, with a value of $936 billion last year.”
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