VanEck Onchain Economy ETF Receives SEC Nod, Eyes May 14 Debut
Summary
VanEck has received SEC approval to launch the Onchain Economy ETF, set to debut on May 14 under the ticker $NODE. The ETF will track 30 to 60 assets related to blockchain infrastructure, including exchanges, miners, data centers, and companies holding cryptocurrencies. Up to 25% of the fund may consist of digital asset exchange-traded products. A proposal indicates that "Digital Transformation Companies" and digital asset instruments could make up at least 80% of the holdings. The launch aligns with a trend of increasing applications for digital asset-based funds as investment firms respond to regulatory changes under the Trump administration. Over a dozen ETF applications have been filed, targeting various cryptocurrencies and NFTs.
