VanEck's ETF Acquires Significant Stake in Strategy's Preferred Shares

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.