VanEck has received regulatory approval for its new Onchain Economy ETF, which is an actively managed fund designed to provide investors with broad exposure to companies in the digital asset ecosystem. The Securities and Exchange Commission has approved the fund’s registration, allowing it to start offering shares to the public. The ETF is set to launch on May 14 under the ticker symbol NODE and will focus on equities linked to the crypto industry, with the possibility of allocating up to 25% of its assets to crypto-linked exchange-traded products.
The actively managed fund will target 30 to 60 companies from over 130 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 companies holding crypto on their balance sheets. NODE will charge a management fee of 0.69% and will not hold direct crypto positions but will concentrate on public companies with strategic exposure to digital assets or blockchain infrastructure.
VanEck’s Onchain Economy ETF was initially filed with the SEC on Jan. 15 and builds on the structure of existing crypto equity products with a focus on a broader investment scope and revised branding strategy. The fund intends to allocate at least 80% of its net assets to securities defined as “Digital Transformation Companies” or digital asset instruments. These companies generate revenue from activities involving crypto, blockchain, or other distributed ledger technologies, and may include small- and mid-cap issuers, foreign entities, and emerging market stocks.
The ETF also allows investments in securities denominated in foreign currencies, American and global depositary receipts, and select commodity-linked instruments. It includes an offshore subsidiary in the Cayman Islands, providing indirect exposure to digital asset instruments while complying with US federal tax regulations. The fund will not invest in stablecoins and will prioritize companies actively participating in blockchain-based business models.
VanEck’s head of digital assets research and NODE’s active portfolio manager, Matthew Sigel, highlighted the development of the Onchain Economy ETF in a post on April 16. The fund’s active approach aims to track the transition of traditional financial and industrial operations towards blockchain-enabled models. It distinguishes itself from spot crypto ETFs by not holding direct crypto positions but targeting public companies with strategic exposure to digital assets or blockchain infrastructure.
In conclusion, VanEck’s new Onchain Economy ETF has received regulatory approval and is set to launch on May 14 under the ticker symbol NODE. The actively managed fund will provide investors with exposure to companies in the digital asset ecosystem, with a focus on equities tied to the crypto industry. The fund will not hold direct crypto positions but will target public companies with strategic exposure to digital assets or blockchain infrastructure. VanEck’s innovative approach aims to track the transition of traditional financial and industrial operations towards blockchain-enabled models, offering investors a unique opportunity to participate in the growing digital asset space.
