VanEck launches new crypto stock ETF
VanEck launched the VanEck Onchain Economy ETF (NODE) on May 14, listed on the Cboe exchange. The ETF targets investments in stocks and financial instruments related to the digital economy, focusing on companies in the blockchain ecosystem, including crypto miners, exchanges, and fintech platforms. NODE will consider companies with plans to engage in the blockchain space, as indicated through public disclosures. The actively managed fund may invest in crypto-related financial instruments but will not hold cryptocurrencies directly. Adjustments to beta and volatility will be made to maintain responsible exposure to bitcoin and related businesses. In April, VanEck also launched the VanEck Digital Transformation ETF (DAPP), which passively tracks companies in the digital asset sector. The DAPP ETF has $185 million in net assets as of May 14. Asset managers are seeking SEC approval for numerous crypto ETFs following a shift in regulatory stance under President Trump.
