VanEck’s Onchain Economy ETF ‘NODE’ cleared for May 14 launch
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VanEck received regulatory effectiveness for its new Onchain Economy ETF, an actively managed fund designed to give investors broad exposure to companies powering the digital asset ecosystem. Regulatory effectiveness means the SEC has approved the fund’s registration, allowing it to begin offering shares to the public. Matthew Sigel, VanEck’s head of digital assets research and NODE’s active portfolio manager, shared the development in an April 16 post. According to the filing, the firm intends to launch the ETF on May 14 under the ticker NODE. NODE The actively managed fund will seek exposure to equities tied to the crypto industry and may allocate up to 25% of its assets to crypto-linked exchange-traded products (ETP). Sigel said that NODE will select 30 to 60 names from over 130 companies operating in the on-chain and digital infrastructure sectors. These include publicly listed exchanges, miners, data center operators, payment firms, hardware manufacturers, asset managers, and firms holding crypto on their balance sheets. The ETF will charge a management fee of 0.69%. The fund’s active approach aims to track the transition of traditional financial and industrial operations toward blockchain-enabled models. In contrast to spot crypto ETFs, NODE will not hold direct crypto positions and instead target public companies with strategic exposure to digital assets or blockchain infrastructure. VanEck initially filed for the Onchain Economy ETF with the US Securities and Exchange Commission on Jan. 15. The ETF builds on the structure of existing crypto equity products while adopting a broader investment scope and revised branding strategy. Filing and investment scope According to the filing, the fund intends to allocate at least 80% of its net assets to securities defined as “Digital Transformation Companies” or digital asset instruments. The filing describes Digital Transformation Companies as firms that generate revenue from activities involving crypto, blockchain, or…
Filed under: News - @ April 16, 2025 11:26 pm