ETF/fund advantageWhatever arrangement vaneck made (warrants, options, open market purchases), at the end of the day another big block of shares is being held aside. Not for day to day trading, so thisthisshould should make for less liquidity. The reason NVO can move about 20% in a day with some 300k shares is due to this. So even less liquidity will make for even bigger crypto-like moves. I for one foresee a nice future for NVO, so an important NR shall be greeted by huge gains. So even if we're not seeing huge swings as vaneck is purchasing, be aware of this fact and its implications for the future.