VanEck Prepares to Launch NODE ETF by Mid May

VanEck is expanding its crypto-linked offerings with a new exchange-traded fund that takes a different route than the typical spot Bitcoin or Ethereum ETF. The financial firm received SEC approval to move forward with its “Onchain Economy ETF,” aimed at companies shaping the digital asset landscape.

Good to know

• VanEck’s new ETF will trade under the ticker NODE and is expected to launch by May 14.
• NODE will invest in 30 to 60 stocks tied to the crypto ecosystem, plus crypto ETFs.
• The SEC has already approved Bitcoin and Ethereum spot ETFs, with more under review.

The fund, set to trade under the ticker NODE, is scheduled for launch by May 14. It will be actively managed by Matthew Sigel, VanEck’s head of digital assets research. He described NODE as a way for investors to gain exposure to real-world companies tied to the crypto economy.

Instead of holding cryptocurrencies directly, NODE will target 30 to 60 public stocks. These will span sectors such as mining, exchanges, hardware production, gaming, and infrastructure. Traditional financial firms that support crypto operations, along with energy and data center providers, are also in the mix.

On top of that, the ETF will have the flexibility to allocate up to 25% of its portfolio into other crypto-related ETFs.

“The global economy is shifting to a digital foundation,” Sigel said. “NODE offers active equity exposure to the real businesses building that future.”

VanEck already runs ETFs for Bitcoin and Ethereum, and it’s waiting for regulatory decisions on similar products tied to Solana (SOL) and Avalanche (AVAX).

In the broader ETF space, the SEC approved spot Bitcoin ETFs in January 2024, unlocking billions in inflows to the asset. Later that year, Ethereum ETFs also got the green light. Meanwhile, Franklin Templeton and Hashdex introduced a joint BTC-ETH fund, offering combined exposure to both top cryptocurrencies.