VanEck has launched the Wealth Builder ETF, an actively managed fund that trades on the New York Stock Exchange under the ticker WBMO. The product packages the firm's Wealth Builder model portfolios, which advisers have previously accessed through third-party platforms, into a single vehicle that any investor with a brokerage account can buy.

VanEck, which oversees roughly $244 billion in assets, selects the holdings, sets the weights and rebalances the portfolio. The firm describes the product as a way to "gain exposure to a broad mix of investments across stocks, bonds, gold, and bitcoin with a single ETF purchase." The fund holds global stocks, bonds, gold and other real assets.

The bitcoin exposure is indirect. WBMO owns no bitcoin outright. Instead, a wholly owned Cayman Islands subsidiary holds certain investments and gains digital asset exposure through exchange-traded products — funds that hold bitcoin or track its price. The subsidiary is generally capped at 25% of total assets at each quarter-end, although that limit covers several asset categories, and the prospectus sets no specific bitcoin target. Investors do not need a wallet, seed phrase or exchange account to hold the bitcoin slice, but they also cannot control the bitcoin position directly. How large that slice ultimately becomes is a detail that will only surface in the fund's periodic portfolio disclosures.

JUST IN: $200 billion VanEck includes Bitcoin exposure in their new Wealth Builder ETF "This fund brings Bitcoin to investors who want one simple diversified holding" pic.twitter.com/dLhGu8VrWy
— Bitcoin Magazine (@BitcoinMagazine) October 27, 2026
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Fund Details

The fund's gross expense ratio is 0.33%. A 0.07% fee waiver brings the net expense ratio to 0.26%, while the underlying bitcoin products charge their own fees.

The diversified allocation also moderates the swings. If bitcoin rises sharply, WBMO captures only part of the gain; if it falls, bonds and gold should cushion some of the loss, though not prevent it. VanEck cautioned in its announcement that digital asset ETPs can be extremely volatile and that some are not registered under the Investment Company Act of 1940, meaning they lack certain investor protections. That trade-off — diluted bitcoin exposure in exchange for a diversified wrapper and no self-custody requirements — sits at the core of how the product is built.

The launch extends the firm's broader use of crypto across its portfolios. VanEck's other crypto-linked fund, NODE, raised its bitcoin ETP exposure from about 7% at the end of June to 16.8% at the end of September. NODE holds blockchain companies rather than WBMO's asset mix, but it illustrates how VanEck is incorporating crypto into its lineup.

Quantum Risk Context

Earlier this fall, VanEck's Head of Digital Assets Research, Matthew Sigel, said the Bitcoin community recognized the risks quantum computing posed to Bitcoin's cryptography.

"It's a risk," Sigel said at the time. "But the community has recognized the scope of the issue. There's a lot of talent that's now come together with a framework of how to upgrade the system…The upgrades don't happen as fast because there's no CEO who can tell the devs, 'hey, do it now.' There's a governance process — it takes more time, it's a little bit messier, but there are technological paths for quantum resistance, and I think you'll see more of that over the next couple of years."

Major companies, including Coinbase and Blockstream, had begun developing quantum-resistant security measures to prepare for future threats. A Bitcoin Security Consortium, including BlackRock, Fidelity Digital Assets and Block, had also been formed to fund open-source security initiatives, including proposals such as BIP-360. That work concerns the same bitcoin that the ETPs used by funds like WBMO hold or track.

This article, written by Micah Zimmerman, first appeared on Bitcoin Magazine.