VanEck has announced the launch of a new actively managed ETF focused on crypto assets after securing SEC approval.
What is the VanEck Onchain Economy ETF?
The fund, named the VanEck Onchain Economy ETF (NODE), plans to feature a range of 30 to 60 stocks. Its core mission is to facilitate investment in companies engaged in the cryptocurrency sector.
How Will NODE Diversify Investments?
NODE's portfolio will be designed to include a variety of businesses, from crypto exchanges and mining operations to data centers and traditional financial institutions. About 25% of its holdings will focus on indirect investments in crypto asset trading products, ensuring a diversified approach.
Fund's Prospects and Strategies
The anticipated launch date is May 14. The fund will also utilize a subsidiary established in the Cayman Islands to navigate U.S. federal tax regulations, allowing it to benefit indirectly from products like futures and swaps. The fund aims to bolster businesses involved in the digital economy's infrastructure while strategically diversifying its stock selections.
VanEck's initiative to launch the ETF highlights the growing interest among investors in the cryptocurrency space and the importance of portfolio diversification.
