a new ETF on crypto investments

VanEck is ready for the launch of its new ETF NODE, which aims to hold 30-60 names from over 130 titles linked to the crypto world. With a launch date scheduled for May 14, investors will be able to gain active equity exposure to real digital companies. 

VanEck: on May 14 will launch the new ETF NODE based on crypto investments

On the upcoming May 14, VanEck will launch its new ETF based on crypto investments: the VanEck Onchain Economy ETF (NODE). 

Sharing the news was Matthew Sigel, head of digital asset research at VanEck, who emphasized that the ETF will include crypto-exchanges, Bitcoin miners, and data centers, in addition to other types of stocks.

Here is Sigel’s post on X:

“Now in effect: VanEck Onchain Economy ETF ($NODE) Actively managed, $NODE will aim to hold 30-60 names from over 130 titles linked to the universe of the digital asset economy: >exchanges, miners, data centers, >Energy, semiconductors/hardware, TradFi rails, >Consumers/gambling and asset managers, >Balance sheet holders, >Up to 25% in cryptocurrency ETPs. Managed by the undersigned for 69bps+. Launch target: May 14. The global economy is shifting to a digital base. NODE offers active equity exposure to real companies that are building this future.”

VanEck and the ETF NODE composed of 30-60 investments linked to crypto

In practice, the new ETF by VanEck will be composed of 30-60 names from over 130 stocks related to the digital asset economy. 

NODE was designed to offer exposure to the broader crypto economy by investing in financial instruments and equity securities related to crypto-exchanges, Bitcoin miners, and data centers. 

Just like for all other Bitcoin and altcoin ETFs, NODE will also offer the possibility for investors to “bet” on the crypto sector without having to purchase the individual assets. 

While NODE will be launched on May 14, for other ETF issuance requests, VanEck is still awaiting approval from the United States Securities and Exchange Commission (SEC). 

Among others, at the beginning of this month, the news emerged that VanEck has registered for the listing of a BNB spot ETF in the USA.

The same thing happened in mid-March, with the registration of the VanEck Avalanche ETF also on the official website of the state of Delaware.

The US SEC that postpones its decisions

Recently, the US SEC decided to postpone some of its decisions regarding crypto ETFs.

In the case of VanEck, in fact, the SEC has decided to take another 45 days for the request for modifications to its Bitcoin Trust and Ethereum Trust, proposed by the Cboe BZX. 

Here the idea is to allow “in-kind creations e redemptions” (creations and redemptions in kind) to these ETFs. 

If approved, the amendment provides that an investor uses the underlying asset, instead of cash, to create or redeem shares of a trust. Here, the underlying asset would be bitcoin and ethereum of VanEck’s ETFs. 

Despite the first request for rule changes being made on February 19 with a deadline of April 19, the SEC has now decided that it will give its final verdict on June 3.