According to Cointelegraph, VanEck has unveiled an actively managed exchange-traded fund (ETF) aimed at investing in stocks and financial instruments that provide exposure to the digital economy. Announced on May 14, the VanEck Onchain Economy ETF (NODE) is now listed on the Cboe exchange. This fund seeks to offer investors comprehensive access to companies within the blockchain ecosystem, including crypto miners, exchanges, infrastructure providers, and financial technology platforms oriented towards cryptocurrency.
The NODE ETF will consider investing in any company that has clearly communicated its intentions to engage in the blockchain space, as demonstrated through public filings, earnings calls, or investor materials. While the fund will be actively managed, it will not hold cryptocurrencies directly but may invest in crypto-related financial instruments. Matthew Sigel, VanEck’s head of digital asset research and the portfolio manager for the NODE ETF, emphasized the fund's strategy to continuously update its investable universe as new companies emerge through IPOs, spinouts, or strategic shifts. Sigel also highlighted the importance of adjusting beta and volatility to maintain responsible exposure to bitcoin and businesses driving the growth of the onchain economy, ensuring that the fund avoids over-allocation to high-beta names during volatile markets and preserves buying power for future opportunities.
In April, VanEck launched another ETF, the VanEck Digital Transformation ETF (DAPP), which tracks a passive index of companies operating in the digital asset space. As of May 14, the DAPP ETF holds $185 million in net assets. Asset managers like VanEck are actively seeking approval from the U.S. Securities and Exchange Commission (SEC) to list approximately 70 crypto ETFs. This surge in ETF filings follows U.S. President Donald Trump’s decision to soften the SEC’s regulatory stance on cryptocurrencies after assuming office in January. On May 5, VanEck submitted a request to the SEC for approval to list an ETF that includes the BNB Chain’s native token.