State Street Extends ETF Servicing Relationship with VanEck
State Street (NYSE: STT) has announced an extension of its exchange traded fund (ETF) and mutual fund servicing relationship with VanEck, a leading global asset management firm. The extended agreement includes comprehensive support for VanEck's expanding range of ETF funds, reflecting State Street's commitment to providing innovative solutions for the global ETF marketplace.
The partnership builds on a long-standing relationship, with State Street serving as a full-service provider for VanEck's global ETF and mutual fund servicing needs, including digital asset ETFs. State Street was previously appointed as Administrator and Transfer Agent for VanEck's Bitcoin ETF (HODL) and more recently as Administrator, Transfer Agent, and Cash Custodian for the VanEck Ethereum ETF (ETHV).
State Street is currently the largest ETF administrator globally, servicing over 2,800 ETFs across 13 countries in a $13.5 trillion ETF marketplace. The company's ETF servicing business offers integrated global capabilities and proprietary technology to support clients in the growing ETF market.
State Street (NYSE: STT) ha annunciato un'estensione della sua relazione di servizio per fondi negoziati in borsa (ETF) e fondi comuni con VanEck, un'importante società di gestione patrimoniale globale. L'accordo esteso include un supporto completo per l'espansione della gamma di fondi ETF di VanEck, riflettendo l'impegno di State Street nel fornire soluzioni innovative per il mercato globale degli ETF.
La partnership si basa su una lunga collaborazione, con State Street che funge da fornitore di servizi completi per le esigenze globali di ETF e fondi comuni di VanEck, inclusi gli ETF di beni digitali. State Street è stata precedentemente nominata come Amministratore e Agente di Trasferimento per l'ETF Bitcoin di VanEck (HODL) e più recentemente come Amministratore, Agente di Trasferimento e Custode per Liquidità per l'ETF Ethereum di VanEck (ETHV).
Attualmente, State Street è il maggiore amministratore di ETF a livello globale, fornendo servizi per oltre 2.800 ETF in 13 paesi in un mercato degli ETF di 13,5 trilioni di dollari. L'attività di servizio ETF della società offre capacità globali integrate e tecnologia proprietaria per supportare i clienti nel crescente mercato degli ETF.
State Street (NYSE: STT) ha anunciado una extensión de su relación de servicio para fondos cotizados en bolsa (ETF) y fondos mutuos con VanEck, una destacada firma global de gestión de activos. El acuerdo extendido incluye un soporte integral para la creciente gama de fondos ETF de VanEck, lo que refleja el compromiso de State Street de proporcionar soluciones innovadoras para el mercado global de ETF.
La asociación se basa en una relación de larga data, con State Street actuando como proveedor de servicios completos para las necesidades globales de ETF y fondos mutuos de VanEck, incluidos los ETF de activos digitales. State Street fue nombrada previamente como Administrador y Agente de Transferencia para el ETF de Bitcoin de VanEck (HODL) y más recientemente como Administrador, Agente de Transferencia y Custodio de Efectivo para el ETF de Ethereum de VanEck (ETHV).
Actualmente, State Street es el mayor administrador de ETF a nivel mundial, brindando servicios para más de 2,800 ETF en 13 países en un mercado de ETF de 13.5 billones de dólares. El negocio de servicios de ETF de la empresa ofrece capacidades globales integradas y tecnología propietaria para apoyar a los clientes en el creciente mercado de ETF.
State Street (NYSE: STT)는 세계적인 자산 관리 회사인 VanEck와의 상장지수펀드(ETF) 및 뮤추얼펀드 서비스 관계의 연장을 발표했습니다. 연장된 계약은 VanEck의 확장하는 ETF 펀드 범위를 지원하기 위한 포괄적인 지원을 포함하며, 이는 State Street가 글로벌 ETF 시장에 혁신적인 솔루션을 제공할 것에 대한 의지를 반영합니다.
이번 파트너십은 장기적인 관계에 기반하고 있으며, State Street는 VanEck의 글로벌 ETF와 뮤추얼 펀드 서비스 요구사항을 충족하기 위해 종합 서비스 제공자로 활동하고 있습니다. State Street는 이전에 VanEck의 비트코인 ETF (HODL) 관리자 및 이전 에이전트로 임명되었고, 최근에는 VanEck 이더리움 ETF (ETHV)의 관리자, 이전 에이전트 및 현금 관리자로 지정되었습니다.
현재 State Street는 전 세계에서 가장 큰 ETF 관리자로, 13개국에서 2,800개 이상의 ETF를 서비스하고 있는 13.5조 달러 규모의 ETF 시장에서 활동하고 있습니다. 이 회사의 ETF 서비스 비즈니스는 성장하는 ETF 시장에서 고객을 지원하기 위해 통합 글로벌 기능과 독점 기술을 제공합니다.
State Street (NYSE: STT) a annoncé une extension de sa relation de services pour les fonds négociés en bourse (ETF) et les fonds communs avec VanEck, une société de gestion d'actifs mondiale de premier plan. L'accord prolongé comprend un soutien complet pour la gamme croissante de fonds ETF de VanEck, reflétant l'engagement de State Street à fournir des solutions innovantes pour le marché mondial des ETF.
Le partenariat repose sur une relation de longue date, State Street agissant en tant que fournisseur de services complet pour les besoins mondiaux de VanEck en matière d'ETF et de fonds communs, y compris les ETF d'actifs numériques. State Street a été précédemment nommée Administrateur et Agent de Transfert pour l'ETF Bitcoin de VanEck (HODL) et plus récemment Administrateur, Agent de Transfert et Gardien de Liquidités pour l'ETF Ethereum de VanEck (ETHV).
Actuellement, State Street est le plus grand administrateur d'ETF au monde, fournissant des services pour plus de 2 800 ETF dans 13 pays, sur un marché des ETF de 13,5 billions de dollars. Les services ETF de l'entreprise offrent des capacités mondiales intégrées et une technologie propriétaire pour soutenir les clients dans le marché en croissance des ETF.
State Street (NYSE: STT) hat eine Verlängerung seiner Dienstleistungsbeziehung zu Exchange Traded Funds (ETFs) und Investmentfonds mit VanEck, einer führenden globalen Vermögensverwaltungsgesellschaft, bekannt gegeben. Die verlängerte Vereinbarung umfasst umfassende Unterstützung für die wachsende Palette von VanEck's ETF-Fonds und spiegelt State Streets Engagement wider, innovative Lösungen für den globalen ETF-Markt bereitzustellen.
Die Partnerschaft baut auf einer langjährigen Beziehung auf, in der State Street als Full-Service-Anbieter für die globalen ETF- und Investmentfondsbedürfnisse von VanEck fungiert, einschließlich digitaler Vermögens-ETFs. State Street wurde zuvor als Administrator und Übertragungsagent für VanEcks Bitcoin-ETF (HODL) und kürzlich als Administrator, Übertragungsagent und Bargeldverwalter für den VanEck Ethereum ETF (ETHV) ernannt.
Aktuell ist State Street der größte ETF-Verwalter weltweit und betreut über 2.800 ETFs in 13 Ländern in einem ETF-Markt von 13,5 Billionen Dollar. Das ETF-Servicegeschäft des Unternehmens bietet integrierte globale Fähigkeiten und proprietäre Technologie, um Kunden im wachsenden ETF-Markt zu unterstützen.
- Extended servicing agreement with VanEck, a leading global asset management firm
- Comprehensive support for VanEck's expanding range of ETF funds
- State Street is the largest ETF administrator globally, servicing over 2,800 ETFs in 13 countries
- Appointment as Administrator, Transfer Agent, and Cash Custodian for VanEck's digital asset ETFs
- None.
Insights
The extension of State Street's ETF servicing relationship with VanEck is a positive development for both companies. This agreement strengthens State Street's position as a leading ETF administrator and showcases its ability to retain and expand relationships with major asset managers. The deal encompasses support for VanEck's growing range of ETF funds, including digital asset ETFs, which is a rapidly expanding sector.
For investors, this partnership indicates stability and potential growth in State Street's ETF servicing business. The company's ability to service complex products like Bitcoin and Ethereum ETFs demonstrates its adaptability to evolving market demands. With the global ETF market now at
While the financial terms of the agreement aren't disclosed, the extended relationship likely contributes to State Street's recurring revenue stream. This could potentially have a positive impact on the company's future earnings, although the exact magnitude is uncertain without specific financial details.
The renewal of this servicing agreement between State Street and VanEck is indicative of broader trends in the ETF industry. VanEck's focus on expanding its product range and asset classes, particularly in digital assets, aligns with the growing investor demand for diverse and innovative ETF offerings. This partnership allows VanEck to leverage State Street's global infrastructure and expertise, potentially accelerating their product development and market reach.
For State Street, securing this relationship reinforces its competitive advantage in the ETF servicing space. The company's ability to support ETFs across 13 countries and its experience with over 2,800 ETFs globally demonstrates significant scale and expertise. This extensive network and knowledge base can be a significant barrier to entry for potential competitors.
Investors should note that as the ETF market continues to grow and evolve, companies like State Street that have established themselves as key infrastructure providers are well-positioned to benefit. The expansion into servicing digital asset ETFs also opens up new revenue streams as these products gain regulatory approval and investor acceptance in various markets.
- New agreement reflects a collaborative effort to meet VanEck’s expanding product and asset class goals, ensuring comprehensive support across all key global jurisdictions
“We’re thrilled to further deepen our longstanding partnership with VanEck, a respected leader in the ETF space,” said Joerg Ambrosius, president of Investment Services for State Street. “The renewal underscores our firm’s commitment to delivering industry leading ETF servicing solutions, and we look forward to continuing to demonstrate our flexibility and commitment to assist them in achieving their product and asset class expansion goals.”
The relationship builds on a foundation that began several years ago and has evolved into State Street being a full service provider for VanEck’s global ETF and mutual fund servicing needs, including digital asset ETFs. In 2021, State Street announced it had been appointed as Administrator and Transfer Agent of the VanEck Bitcoin ETF (HODL), and more recently, the firm was appointed as Administrator, Transfer Agent and Cash Custodian for the VanEck Ethereum ETF (ETHV).
“This strengthened partnership highlights the shared commitment to providing superior solutions and maintaining the high standards clients expect,” said John Crimmins, chief financial officer for ETFs and mutual funds at VanEck. “Extending our relationship with State Street is key as we continue to focus on innovating and growing our ETF offerings.”
For over 30 years, State Street has continuously innovated to support what has become a
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With
*Assets under management as of June 30, 2024 includes approximately
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© 2024 State Street Corporation
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1 ETFGI Global ETF Insights as of August 2024
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Media Contact:
Brendan Paul
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Source: State Street Corporation
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