Overview
- The VanEck Wealth Builder ETF began trading on the NYSE under ticker WBMO, which launched Tuesday and is run by David Schassler as an actively managed multi-asset portfolio.
- The fund mixes global stocks, bonds and real assets with indirect Bitcoin exposure obtained by holding third‑party Bitcoin exchange‑traded products inside a wholly owned Cayman Islands subsidiary.
- The prospectus caps the subsidiary’s holdings generally at 25% of total assets at each fiscal quarter‑end and does not set a fixed Bitcoin allocation target for the fund.
- VanEck lists a 0.33% gross expense ratio and is waiving 0.07% to deliver a 0.26% net fee, with the fee waiver committed through at least Feb. 1, 2028.
- Investors gain a single‑ticker way to add measured crypto exposure without wallets or private keys but face extra layers of fees, potential regulatory differences for underlying ETPs, and active‑management risk as allocations can change with the manager’s judgment.