VanEck to Debut Onchain Economy ETF (NODE) on May 14th with 0.69% Fee
VanEck is launching the VanEck Onchain Economy ETF (NODE), an actively-managed fund designed to track stocks connected to the digital asset ecosystem. After securing approval from the U.S. Securities and Exchange Commission (SEC), the fund is set to begin trading on May 14th, with a management fee of 0.69%.
The NODE ETF will focus on 30-60 stocks across multiple sectors, including cryptocurrency exchanges, mining companies, data centers, energy infrastructure, semiconductors, hardware, traditional financial rails, gaming, and asset managers. It will also allocate up to 25% of its portfolio to crypto exchange-traded products (ETPs).
Matthew Sigel, VanEck’s head of digital asset research, commented, “The shift to a digital economy is accelerating, and NODE provides investors with targeted exposure to the businesses powering that transformation.”
To comply with U.S. tax regulations, the ETF will use an offshore subsidiary based in the Cayman Islands, which will allow the fund to gain indirect exposure to commodities, futures, swaps, and pooled investment vehicles.
The launch of NODE comes as demand for crypto-related equities grows, with more digital asset companies expected to go public. According to a recent survey of financial advisors at an ETF conference, crypto equity ETFs are gaining popularity, with many advisors focusing on them as a key investment area.
