VanEck’s Crypto Stock Tracking ETF Nears Launch

VanEck’s Onchain Economy ETF (NODE) Launches May 14th with a 0.69% Management Fee

VanEck is preparing to launch its VanEck Onchain Economy ETF (NODE), an actively-managed fund that will track stocks related to the digital asset sector. After receiving approval from the U.S. Securities and Exchange Commission (SEC), the ETF is set to begin trading on May 14th with a management fee of 0.69%.

The NODE ETF will include between 30 and 60 stocks across a wide array of industries, such as cryptocurrency exchanges, mining firms, data centers, energy infrastructure, semiconductor companies, hardware, traditional finance, gaming, and asset managers. Up to 25% of the fund’s portfolio will be dedicated to crypto exchange-traded products (ETPs).

Matthew Sigel, VanEck’s head of digital asset research, stated, “As the world moves toward a digital economy, NODE offers investors access to the companies that are at the forefront of this shift.”

To comply with U.S. tax regulations, the fund will utilize an offshore subsidiary in the Cayman Islands, which will enable indirect exposure to products such as commodity futures, swaps, and pooled investment vehicles.

The launch comes amid increasing demand for crypto equity exposure, as more digital asset companies list publicly. A recent ETF conference survey highlighted strong interest from financial advisors in crypto equity ETFs, with many seeing them as a key investment opportunity.