Asset manager VanEck has unveiled a new investment product aimed at tapping into the expanding onchain economy.
Announced on May 14, the VanEck Onchain Economy ETF (trading under the ticker NODE) is now listed on the Cboe exchange and will target publicly traded companies actively involved in blockchain and crypto infrastructure.
NODE is designed as an actively managed fund with a broad mandate. It will include firms across various segments of the digital asset space—ranging from mining operations and trading platforms to fintech companies exploring blockchain-based products.
Companies expressing clear plans to enter the space through investor disclosures or public statements will also qualify for inclusion.
While the fund will steer clear of holding cryptocurrencies directly, it may allocate to financial instruments tied to crypto markets. According to Matthew Sigel, who heads VanEck’s digital asset research and manages NODE, the strategy will be dynamic.
The fund will adjust its risk profile in response to market conditions, aiming to manage volatility and avoid excessive exposure to speculative assets during overheated cycles.
The launch reflects a growing appetite among investors for vehicles offering diversified access to blockchain innovation without direct crypto exposure.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/vaneck-debuts-etf-targeting-blockchain-powered-firms/