VanEck's crypto ETF has been integrated into the 401(k) plan, promoting diversification in American retirement savings

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Odaily Planet Daily reports that asset management giant VanEck has announced a partnership with fintech 401(k) service provider Basic Capital to introduce its selected crypto exchange-traded products (ETPs) into U.S. employer-sponsored retirement plans. Although the specific products have not been explicitly disclosed, VanEck owns core products such as Bitcoin spot ETF (HODL), Ethereum spot ETF (ETHV), and Avalanche spot ETF.

This collaboration is facilitated by a shift in U.S. policy. The SEC and related agencies have recently expanded access to alternative assets within 401(k) plans. Basic Capital, an emerging retirement management platform, raised $25 million in Series A funding last year led by Forerunner and Lux Capital. Currently, U.S. 401(k) plans hold approximately $10 trillion in assets. This move signifies that cryptocurrencies are accelerating their integration into mainstream traditional pension systems. (Cointelegraph)

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