VanEck has obtained SEC approval to launch the Onchain Economy ETF, known as NODE, which is set to trade starting May 14th with a management fee of 0.69%. The ETF will actively manage a portfolio of 30-60 stocks linked to the digital asset sector, including organizations involved in crypto exchanges, mining, semiconductors, data centers, and energy infrastructure. Approximately 25% of the portfolio's exposure may include crypto exchange-traded products (ETPs). Matthew Sigel, VanEck’s head of digital asset research, emphasized that NODE is designed to offer equity exposure to companies shaping the digital economy's future. To navigate U.S. federal tax requirements, the ETF will utilize a Cayman Islands subsidiary for indirect exposure to derivatives and other investment products. As interest in crypto-related stocks grows, especially with many companies planning to go public, NODE aims to fulfill the increasing demand for such investments.

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