VanEck Crypto ETPs Reach 401(k) Investors via Basic Capital
VanEck's digital asset ETPs are now available to US 401(k) investors through the Basic Capital fintech platform.Summary
Fund issuer VanEck has partnered with fintech platform Basic Capital to offer a selection of its digital asset Exchange-Traded Products (ETPs) to investors holding employer-sponsored 401(k) plans in the United States. While the specific ETPs were not detailed, VanEck is known for products like the VanEck Bitcoin Trust (HODL) and the VanEck Ethereum Trust (ETHV). This move aligns with a growing regulatory shift encouraging the integration of digital assets into retirement accounts, following a May backtracking by the US Department of Labor on previous guidance discouraging crypto in 401(k)s, and a directive from President Trump in August to expand alternative asset access in these plans. Basic Capital's platform already provides access to alternative assets beyond traditional stocks and bonds for retirement savers.
(Source：Cointelegraph)