VanEck, a leading asset management company, has filed a proposal with the SEC to launch the Onchain Economy ETF, aimed at investing in the digital economy.
VanEck's New ETF
The ETF will trade under the ticker NODE and plans to invest at least 80% of its net assets in companies and assets supporting the digital asset economy. Proposed on January 15, it will have two main investment streams: 'Digital Transformation Companies' and 'Digital Asset Instruments'.
Investment Strategy
Digital Transformation Companies include those that are crucial to the digital asset industry, such as crypto exchanges, payment service providers, mining companies, and software or infrastructure providers. The ETF's strategy includes exposure to energy infrastructure and data centers as well.
Increased Interest in Crypto ETFs
VanEck's application is one among many crypto-related ETFs proposed to the SEC. Financial firms are anticipating regulatory changes. Bitwise Asset Management also applied for its 10 Crypto Index Fund ETF in late 2024. Proposals from WisdomTree and Grayscale are also underway.
VanEck's planned ETF launch highlights the growing interest in the digital economy and investors' desire to access this rapidly evolving market.
