TechFlow News, March 12: According to a Cointelegraph report, asset management firm VanEck announced that select digital asset exchange-traded products (ETPs) will become available to U.S. 401(k) retirement account holders via the fintech platform Basic Capital—marking the formal entry of crypto assets into traditional employer-sponsored pension plans.
VanEck’s flagship crypto offerings include the spot Bitcoin ETF VanEck Bitcoin Trust (HODL), the spot Ethereum ETF VanEck Ethereum Trust (ETHV), and the VanEck Digital Transformation ETF (DAPP), which invests in companies involved in the digital asset ecosystem. Earlier this year, VanEck also launched a spot Avalanche ETF in the U.S. The specific list of products to be made available has not yet been disclosed by either party.
Founded in 2021, Basic Capital raised $25 million in its Series A funding round last year, led by Forerunner and Lux Capital. Its 401(k) platform supports alternative asset allocations beyond traditional stocks and bonds.
