VanEck to Launch Onchain Economy ETF (NODE) on May 14th with 0.69% Fee

VanEck is set to launch its VanEck Onchain Economy ETF (NODE), an actively managed fund designed to track the performance of digital asset-related stocks. The ETF has received approval from the U.S. Securities and Exchange Commission (SEC) and is scheduled to begin trading on May 14th. The fund will carry a management fee of 0.69%.

The NODE ETF will consist of 30 to 60 stocks from a variety of industries, including cryptocurrency exchanges, mining companies, data centers, energy infrastructure, semiconductor manufacturers, hardware providers, traditional financial systems, gaming, and asset management firms. Additionally, up to 25% of the ETF’s exposure will be allocated to crypto exchange-traded products (ETPs).

Matthew Sigel, head of digital asset research at VanEck, commented, “As the global economy increasingly relies on digital technology, NODE gives investors targeted exposure to companies shaping that future.”

The fund will be structured through an offshore subsidiary in the Cayman Islands, allowing it to indirectly invest in commodities, futures, swaps, and pooled investment vehicles, while adhering to U.S. tax regulations.

As more crypto-related stocks become publicly traded, investor interest in crypto-focused equity ETFs is growing. A survey conducted during an ETF conference in March found that financial advisors are particularly focused on crypto equity ETFs as a key area for investment.