🚀 VanEck's ETF Acquires Significant Stake in Strategy's Preferred Shares
#VanEck #ETF #PreferredShares #PFXF #StretchSTRC #DigitalCredit #AssetsUnderManagement #Investment #Acquisition
VanEck's Preferred Securities ex Financials ETF (PFXF), with assets under management totaling $199 billion, has disclosed the purchase of 1.27 million perpetual preferred shares of Strategy's Stretch STRC. According to Odaily, this acquisition is valued at $127 million and represents 6% of the ETF's net digital credit assets.#VanEck #ETF #PreferredShares #PFXF #StretchSTRC #DigitalCredit #AssetsUnderManagement #Investment #Acquisition