VanEck to Launch Actively Managed NODE ETF for Digital Asset Economy on May 14

VanEck plans to launch its Onchain Economy ETF, trading under the ticker symbol NODE, on May 14. The actively managed fund, filed on January 15, will focus on companies operating in the digital asset and blockchain sectors, rather than direct investments in cryptocurrencies.

NODE will invest in 30 to 60 stocks selected from a universe of over 130 publicly listed companies involved in the digital asset economy. These include exchanges, miners, data center operators, payment firms, hardware manufacturers, asset managers, and companies holding crypto on their balance sheets. The ETF excludes stablecoins and does not hold direct crypto positions.

At least 80% of the ETF's net assets will be allocated to securities defined as 'Digital Transformation Companies' or digital asset instruments. The fund may also allocate up to 25% of its assets to crypto-linked exchange-traded products and related instruments.

The ETF will charge a management fee of 0.69% and includes an offshore subsidiary in the Cayman Islands to allow indirect exposure to digital asset instruments while complying with U.S. federal tax regulations. Matthew Sigel, VanEck’s head of digital assets research, will serve as NODE's active portfolio manager. The fund has received regulatory effectiveness to begin offering shares to the public.

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