Thomas Daniels
VanEck has introduced the Onchain Economy ETF (NODE), an actively managed fund listed on the Cboe exchange, aimed at providing diversified exposure to companies driving the growth of blockchain and the digital economy.
Commencing trading on May 14, 2025, NODE is structured to invest across a broad array of firms in the blockchain ecosystem. This includes cryptocurrency miners, digital asset exchanges, infrastructure providers, and financial technology platforms focused on crypto integration. The ETF may also consider companies that have publicly communicated intentions to enter the digital asset space, as evidenced by filings, earnings reports, or strategic disclosures.
The fund is managed by Matthew Sigel, VanEck’s Head of Digital Assets Research, who emphasized its adaptive investment strategy. “As new companies enter the universe through IPOs, spinouts or strategy shifts, we will continuously update our investable universe. We will also adjust beta and volatility to maintain responsible exposure to bitcoin and to businesses driving the growth of the onchain economy, avoiding over-allocation to high-beta names during frothy markets and preserving buying power for future opportunities,” Sigel stated.
While the fund will not hold cryptocurrencies directly, it may allocate up to 25% of assets to crypto-related financial instruments, including exchange-traded products, via a subsidiary based in the Cayman Islands. This structure allows indirect crypto exposure while maintaining regulatory compliance within the U.S. investment framework.
NODE complements VanEck’s existing offerings in the digital asset space. The VanEck Digital Transformation ETF (DAPP), launched earlier, passively tracks companies engaged in digital asset development and currently holds $185 million in net assets.
The rollout of NODE comes as asset managers, including VanEck, continue to pursue approval from the U.S. Securities and Exchange Commission for more than 70 crypto-related ETFs. This wave of applications reflects increasing institutional interest and evolving regulatory sentiment under the current U.S. administration.
VanEck’s expansion in digital asset investment solutions underscores its commitment to providing innovative financial instruments aligned with the accelerating adoption of blockchain technology.
