VanEck submits Onchain Economy ETF application to the SEC
VanEck applied to the US Securities and Exchange Commission for the “Onchain Economy” ETF, focusing on investments in crypto firms, including software developers, mining companies, and exchanges. The fund categorizes these firms as “Digital Transformation Companies,” selected based on fundamental analysis and market trends. It will invest in digital asset instruments like commodity futures but will not hold crypto directly. Following the reelection of President-elect Donald Trump, several financial firms have filed or updated applications for crypto ETFs, anticipating a more favorable regulatory environment. Notable applications include Bitwise's 10 Crypto Index Fund ETF and Grayscale's Solana ETF conversion. WisdomTree also filed for an XRP ETF, while REX Financial launched the REX Crypto Equity Premium Income ETF.
