STOCK TITAN

VanEck Digital Assets Mining ETF - DAM STOCK NEWS

Welcome to our dedicated page for VanEck Digital Assets Mining ETF news (Ticker: DAM), a resource for investors and traders seeking the latest updates and insights on VanEck Digital Assets Mining ETF stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VanEck Digital Assets Mining ETF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VanEck Digital Assets Mining ETF's position in the market.

Rhea-AI Summary

VanEck has announced the liquidation of the VanEck Digital Assets Mining ETF (Ticker: DAM), following a decision by the Board of Trustees on April 11, 2023. The ETF's liquidation is based on an assessment of performance, liquidity, and investor interest. Shareholders can sell their shares on the Nasdaq until market close on April 24, 2023, after which they will no longer trade. The liquidation is expected to occur around May 1, 2023, with cash distributions to shareholders reflecting the ETF’s net asset value. A special distribution schedule has also been provided, with key dates spanning from April 14 to April 21, 2023. As of February 28, 2023, VanEck managed approximately $71.0B in assets across various investment strategies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.25%
Tags
none
-
Rhea-AI Summary

VanEck has launched the VanEck Digital Assets Mining ETF (DAM), targeting investors interested in digital asset mining companies that play a critical role in the blockchain ecosystem. This ETF aims to track the MVIS Digital Assets Mining Index (MVISDAM) and offers exposure to firms generating significant revenue from mining activities. With a net expense ratio of 0.50%, DAM joins VanEck's existing digital asset-focused offerings, including DAPP and XBTF. The firm highlights the growing demand for digital assets as a key factor for this launch.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.44%
Tags
none
VanEck Digital Assets Mining ETF

Nasdaq:DAM

DAM Rankings

DAM Stock Data