VanEck has gained approval from the U.S. Securities and Exchange Commission to launch its Onchain Economy ETF, with a planned debut on May 14. This exchange-traded fund, designated as $NODE, will focus on assets tied to the blockchain economy, holding between 30 to 60 assets. Matthew Sigel, VanEck's Head of Digital Assets Research, highlighted that this fund will provide exposure to real businesses participating in the digital economy, which includes exchanges, miners, data centers, consumer companies, asset managers, and firms that hold cryptocurrencies. The structure allows for potentially 25% of its holdings to include digital asset exchange-traded products. Additionally, at least 80% of the fund's assets may consist of digital transformation companies and related digital asset instruments. The ETF's launch aligns with a growing trend of investment firms seeking regulatory approval for crypto-focused funds amid a shift towards a digital economy, especially in light of a recent pro-crypto political environment in the U.S.

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