VanEck has announced the launch of its new ETF, Onchain Economy (NODE), which will be available to investors starting May 14. This fund offers an opportunity to invest in the stocks of companies involved in blockchain technology.
ETF Launch Information
The NODE ETF from VanEck aims for active management of a portfolio consisting of 30-60 stocks selected from over 130 companies, focusing on blockchain-oriented businesses.
Investment Portfolio Strategy
The fund will allow up to a 25% allocation to cryptocurrency ETP. The fund is managed by Matthew Sigel, who emphasizes that "the global economy is shifting to a digital foundation. NODE offers active equity exposure to the real businesses building that future."
Impact on Financial Markets
The launch of the NODE ETF may attract institutional investors and impact stocks related to cryptocurrencies and blockchain infrastructure. One advantage is the ability to maintain US tax compliance through a Cayman Islands subsidiary.
The launch of VanEck's ETF marks a significant increase in institutional interest in blockchain companies. This move may positively influence the perception of blockchain assets in the financial world.
