VanEck’s NODE to Monitor a Wide Array of Digital Asset Equities
VanEck is set to launch an actively-managed exchange-traded fund (ETF) that tracks digital asset stocks, having received approval from the U.S. Securities and Exchange Commission (SEC). The VanEck Onchain Economy ETF (NODE) is designed to include 30-60 stocks, as noted by VanEck’s head of digital asset research, Matthew Sigel, in a recent post on X. The management fee for this ETF will be 0.69%. The stocks selected will comprise a variety of sectors, including crypto exchanges, miners, data centers, energy infrastructure, semiconductors, hardware, traditional finance pathways, consumer/gaming, asset managers, and “balance sheet HOLDers.” Up to 25% of NODE’s exposure will be allocated to crypto exchange-traded products (ETPs).
“The global economy is shifting to a digital foundation,” Sigel stated. “NODE offers active equity exposure to the real businesses building that future.” The fund is projected to commence trading on May 14th and plans to utilize an offshore subsidiary in the Cayman Islands to gain indirect exposure to products such as commodity futures, swaps, and pooled investment vehicles, all while adhering to U.S. federal tax regulations.
As an increasing number of crypto-related stocks enter the market, with several companies looking to go public this year, there is a growing interest among investors for exposure to these stocks. A survey conducted among financial advisors at an ETF conference in March showed that crypto equity ETFs are a primary focus of interest for advisors considering investment opportunities.
