VanEck Wealth Builder ETF Holds 2% Bitcoin: What Miners Get
The VanEck Wealth Builder ETF holds bitcoin, but only a little. VanEck launched the fund, ticker WBMO, on Tuesday, October 27, according to Cointelegraph. The bitcoin target is 2%, and the fund may move it between 1% and 5%.
What the VanEck Wealth Builder ETF holds
WBMO is a fund of funds. It spans global stocks, fixed income, gold and other real assets, per Cointelegraph. VanEck and third-party ETFs fill the portfolio, and VanEck manages and rebalances the mix. It builds on VanEck’s Wealth Builder model portfolios, which advisers used through other platforms before.
Bitcoin comes in through a spot bitcoin exchange-traded product. The fund does not hold coins itself. A VanEck spokesperson said: “Gold has long played that role, and we believe Bitcoin can play a complementary one.”
What we could not confirm
Cointelegraph does not give the expense ratio or the exact holdings. Some outlets list a 0.26% fee, but we could not check it against VanEck, so we leave it out. We also note that this story is a week old. The ETF market has moved since, with big outflows from bitcoin funds after the Binance hack.
Why the VanEck Wealth Builder ETF bitcoin slice matters
Two percent is small. Yet it is a default, because an adviser who buys WBMO for a client now owns bitcoin without choosing it. Also, that kind of slow, automatic demand is different from the speculative flows that left bitcoin ETFs last week. It also never arrives all at once. For a size check, a billion-dollar fund would hold about $20 million of bitcoin at the target weight.
Our Bitcoin price prediction page shows the ranges we expect from here, and we do not count on any one fund.
Miner math: what slow ETF demand does for your S19
Here is the live maths on November 3. Bitcoin is $77,535 and the network is 1024 EH/s, so hashprice is about $34.27 per petahash per day. That is what one PH/s of hashing earns before power.
| Machine | 5c/kWh | 8c/kWh | 12c/kWh | Break-even |
|---|---|---|---|---|
| Antminer S19 (95 TH/s, 3250 W) | -$0.64 | -$2.98 | -$6.10 | 4.2c |
| Antminer S19k Pro (115 TH/s, 2645 W) | $0.77 | -$1.14 | -$3.68 | 6.2c |
| Antminer S19 XP (141 TH/s, 3010 W) | $1.22 | -$0.95 | -$3.84 | 6.7c |
| Antminer S21 Pro (234 TH/s, 3510 W) | $3.81 | $1.28 | -$2.09 | 9.5c |
Numbers are profit per day after electricity, at the three power prices shown. Break-even is the most you can pay per kilowatt-hour before the machine loses money. Specs are the manufacturer ratings; network data comes from mempool.space. Try your own power price in our free bitcoin mining profit calculator. See what these machines really sold for in our used ASIC miner price index. Want to run the same numbers on a machine you can buy today? See our used ASIC miners, or buy several at once through bulk lots.
If steady allocation demand lifts bitcoin 5%: the break-even power price on an S19k Pro rises from 6.2 to 6.5 cents per kilowatt-hour. At 8 cents, daily profit goes from -$1.14 to -$0.94.
Price is the only channel from an ETF to your margin. Check the table above at your power rate first. If you want to sell, see our we buy used miners page. If you want to buy, browse every miner in stock.
-Nick
ING Mining
This is general information, not financial advice. Crypto is volatile, and exchanges can fail. Please do your own research.
How this story was made: drafted with the help of AI tools from public sources, then edited by Nick Squires. See our editorial policy. Spot an error? Email ns@ingmining.com.