VanEck has introduced the VanEck Onchain Economy ETF (NODE), an actively managed exchange-traded fund aimed at providing investors exposure to stocks and financial instruments linked to the digital economy. Launched on May 14, the NODE ETF is listed on the Cboe exchange and targets companies within the blockchain ecosystem, including crypto miners, exchanges, and related financial technology platforms. The fund will also consider firms with plans to engage in the blockchain space as indicated in public filings or earnings calls. Although NODE will invest in crypto-related financial instruments, it will not hold cryptocurrencies directly. VanEck’s head of digital asset research, Matthew Sigel, noted that the investment universe would be continuously updated as new companies emerge in the market. This launch follows a previous ETF, the VanEck Digital Transformation ETF (DAPP), which passively tracks crypto companies and has accumulated $185 million in net assets by the same publication date. The increasing interest in ETFs from asset managers corresponds with a shift in the US Securities and Exchange Commission's regulatory stance towards cryptocurrencies.

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