US-based asset manager VanEck has set its sights on becoming a top-10 ETF provider in Europe — a feat that will require tripling its assets in the region.

The New York-headquartered group, which is among several asset managers that have filed applications with the US Securities and Exchange Commission to launch a spot bitcoin ETF, is currently Europe’s 18th largest provider, with $7.1bn of assets, according to ETFGI.