VanEck is set to launch its new digital assets ETF, NODE, following approval from the U.S. Securities and Exchange Commission.
Matthew Sigel, the firm’s head of digital assets, confirmed the regulatory green light in an X post. Scheduled to debut on May 14, the NODE ETF will offer investors equity exposure to companies leading innovation across the blockchain and digital asset ecosystem.
Branded as the Onchain Economy ETF, NODE is designed to serve as an entry point for investors who want to participate in the digital asset revolution without directly holding cryptocurrencies. By targeting companies building blockchain-based infrastructure, the fund aims to provide diversified access to the technological backbone of the crypto economy.
The NODE ETF will be actively managed and will feature a select portfolio of 30 to 60 publicly traded companies from a pool of over 130 candidates. These companies are involved in critical areas of crypto infrastructure, such as asset management, data centres, cryptocurrency exchanges, mining, and hardware manufacturing. The fund may allocate up to 25% of its portfolio to crypto-linked exchange-traded products for indirect exposure to digital assets.
With a management fee of 0.69%, NODE aims to provide a cost-effective entry into the blockchain economy without investing directly in cryptocurrencies. It focuses on “Digital Transformation Companies,” defined by the SEC as firms generating revenue from blockchain, cryptocurrency, or distributed ledger technology. The ETF also includes foreign securities, mid-cap stocks, and commodities-linked instruments, enhancing its exposure to various segments of the digital asset market. To optimize compliance with U.S. tax laws and broaden its investment strategy, NODE will operate through a Cayman Islands subsidiary, allowing access to various financial instruments, including commodity futures and swaps.
This strategic launch aligns with VanEck’s ambition to capitalize on the fast-growing digital transformation sector. Notably, the firm’s application for the Onchain Economy ETF was initially revealed in a now-deleted social media post by Sigel, underlining the company’s early move to stake a claim in the evolving blockchain investment landscape.
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