VanEck Continues Aggressive Expansion of Its Global Digital Assets-Focused ETF Lineup With Launch by Investo of Fund "BLOK11" in Brazil
The Investo VanEck ETF MVIS Crypto Compare Smart Contract Leaders Brazil Fundo de Índice - Investimento no Exterior (ticker: BLOK11), which focuses on smart contract exposure, begins trading on [Date TBD].
BLOK11 seeks to track the performance of the MVIS CryptoCompare Smart Contract Leaders Brazil Index (MVSCBR), providing exposure to the largest and most liquid smart contract1 assets globally, which are open-source blockchain software protocols that enable instant, permissionless 365/24/7 global value transfer. This index considers Brazilian trading parameters.
This fund marks the latest expansion of VanEck's product lineup in Brazil, closely following the mid-March launch of four ETF BDRs. "We're very pleased that these new funds are available to the Brazilian marketplace, providing compelling solutions for those investors looking for ways to add targeted, differentiated exposures to the digital assets universe," said Jan van Eck, CEO of VanEck.
"We are living in an age of rapid technology development that demands us to be up-to-date at all times on the new applications leveraging cutting-edge technology around the world. Therefore, Investo is proud to accompany this evolution with the launch of BLOK11. With this ETF, we bring to life a simple and intelligent way to invest in the smart contracts sector in a diversified manner," says Cauê Mançanares, CEO of Investo.
This fund is also part of an ongoing effort by VanEck to deliver exposure to digital assets to investors in major markets around the globe. For example, in January, VanEck's European arm launched an Exchange Traded Note (ETN) on the Deutsche Borse Xetra and SIX Swiss Exchange that allows investors to invest in a selected basket of the largest cryptocurrencies with the greatest liquidity, including bitcoin, Ethereum, and Solana. The firm also now ofers ETNs to European investors that provide exposure to the spot prices of crypto assets such as Bitcoin, Ethereum, Solana, Avalanche, and more.
Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of May 31, 2022, VanEck managed approximately $78.3 billion in assets, including mutual funds, ETFs and institutional accounts. The firm's capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck's passive strategies.
Since our founding in 1955, putting our clients' interests first, in all market environments, has been at the heart of the firm's mission.
Investing in cryptocurrencies comes with a number of risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing. There is no assurance that a person who accepts a cryptocurrency as payment today will continue to do so in the future.
Investors should conduct extensive research into the legitimacy of each individual cryptocurrency, including its platform, before investing. The features, functions, characteristics, operation, use and other properties of the specific cryptocurrency may be complex, technical, or difficult to understand or evaluate. The cryptocurrency may be vulnerable to attacks on the security, integrity or operation, including attacks using computing power sufficient to overwhelm the normal operation of the cryptocurrency's blockchain or other underlying technology. Some cryptocurrency transactions will be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that a transaction may have been initiated.
There may be risks posed by the lack of regulation for cryptocurrencies and any future regulatory developments could affect the viability and expansion of the use of cryptocurrencies. Investors should conduct extensive research before investing in cryptocurrencies.
Information provided by Van Eck is not intended to be, nor should it be construed as financial, tax or legal advice. It is not a recommendation to buy or sell an interest in cryptocurrencies.
All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.
The products mentioned in this press release are not registered in the U.S. and not available for purchase by U.S. investors.
1 A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. The code controls the execution, and transactions are trackable and irreversible.