VanEck, a major American investment direction firm, is making another attempt to launch a digital asset-related substitution-traded fund, or ETF.

Co-ordinate to a January. 21 filing with the U.s. Securities and Exchange Commission, VanEck's new ETF is called the Digital Assets ETF. The new fund would rails the price and performance of the Global Digital Assets Equity Alphabetize run by its subsidiary MV Alphabetize Solutions.

According to the document, the new Digital Assets ETF "ordinarily invests" at least eighty% of its total avails in securities that comprise the Fund's benchmark index. The index tracks the performance of the digital avails segment.

VanEck elaborated that digital asset companies refer to companies that operate digital asset exchanges, payment gateways, mining operations, software, equipment and technology or services to the digital asset industry, and others.

In guild to be initially eligible for inclusion in the index, a company must generate at least 50% of its revenues from digital avails projects or projects having the potential to generate such revenues, the filing reads.

"Companies with less than fifty% of their revenues from the global digital assets segment, including semiconductor and online money transfer companies, may exist added to the Index to reach a minimum component number," VanEck noted.

VanEck is famous for being the first company to file for a Bitcoin (BTC) ETF in the United States. Later several failed attempts, VanEck filed a new Bitcoin ETF application on Dec. 31, 2020. As reported by Cointelegraph, VanEck is facing a lawsuit from blockchain house and former-partner SolidX over its latest BTC ETF for alleged plagiarism.