VanEck to launch ‘NODE’ ETF targetting crypto-related stocks on May 14
VanEck is set to debut its new exchange-traded fund under the ticker NODE, on May 14, expanding its lineup of crypto-related investment products.
VanEck’s head of digital assets, Matthew Sigel, announced in an Apr. 16 post on X that the U.S. Securities and Exchange Commission has approved its upcoming ETF, NODE. The firm plans to launch the ETF on May 14, offering equity exposure to companies shaping the digital asset and blockchain economy.
Dubbed the Onchain Economy ETF, NODE positions itself as a bridge for investors to access the growing digital asset economy without directly holding crypto. It will offer diversified exposure to public companies building blockchain-based infrastructure.
30 to 60 publicly traded companies out of a pool of more than 130 will be included in the actively managed ETF. These businesses operate across a broad spectrum of industries linked to crypto infrastructure, such as asset managers, data centers, exchanges, Bitcoin miners, and hardware manufacturers.
The fund may also allocate up to 25% of its holdings to crypto-linked exchange-traded products. The ETF will charge a management fee of 0.69% and will not invest in cryptocurrencies directly.
Instead, it targets “Digital Transformation Companies,” described in SEC filings as firms generating revenue from blockchain, crypto, or distributed ledger technology. It also includes foreign securities, mid-cap stocks, and commodities-linked instruments.
To increase its exposure, NODE will invest through a Cayman Islands subsidiary that permits indirect access to commodity futures, swaps, and other vehicles while adhering to U.S. tax regulations. The fund will exclude stablecoins and limit investments in the subsidiary to 25% of its total assets per quarter.
VanEck aims to continue growing its selection of cryptocurrency ETFs with this launch. It has applied for other cryptocurrency-focused ETFs, such as those that track Avalanche (AVAX) and Binance Coin (BNB). Its spot Bitcoin (BTC) ETF, HODL, currently manages more than $1.2 billion in assets.
