VanEck's Onchain Economy ETF (NODE), launching on May 14, 2025, aims to differ from existing offerings like its Digital Transformation ETF (DAPP). While DAPP has a concentrated portfolio focused primarily on Bitcoin miners and a limited number of stocks, NODE plans to diversify its holdings across a broader spectrum of over 130 companies. VanEck’s head of digital assets research, Matthew Sigel, believes this strategy may appeal to long-term investors due to lower volatility than pure-play mining operations, which have faced significant instability and bankruptcies. NODE will explore opportunities within midstream and downstream energy firms connected to Bitcoin mining, as well as innovative Web2 companies that are adopting stablecoins and digital assets. Sigel highlighted a noteworthy pipeline for IPOs exceeding $10 billion, presenting potential investment opportunities in the coming year, indicating a shift towards more stable structures in the crypto equity space.

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