VanEck's Preferred Securities ex Financials ETF (PFXF) has acquired 1.27 million shares of Strategy's perpetual preferred stock, Stretch STRC, valued at $127 million. This purchase accounts for 6% of the ETF's digital credit net assets. VanEck, which manages $199 billion in assets, disclosed this significant investment, highlighting its strategic interest in expanding its holdings in digital credit instruments.