VanEck Launches NODE ETF: A New Era for Digital Asset Stocks

On April 17th, COINOTAG reported that VanEck has received the green light from the U.S. Securities and Exchange Commission (SEC) to introduce an actively managed Exchange-Traded Fund (ETF) focused on digital asset equities. The VanEck Onchain Economy ETF (NODE), as confirmed by Matthew Sigel, Director of Digital Asset Research at VanEck, is set to encompass between 30 and 60 stocks with a competitive management fee of 0.69%. This ETF will strategically invest in sectors ranging from cryptocurrency exchanges and miners to data centers and energy infrastructure. Moreover, NODE plans to allocate up to 25% of its funds into cryptocurrency exchange-traded products (ETPs), allowing investors to gain diversified exposure to the burgeoning digital economy. This initiative underscores a growing acceptance of cryptocurrency within mainstream financial frameworks.