VanEck Launches New Crypto Stock ETF Called NODE

VanEck is launching a new exchange-traded fund (ETF) focused on companies operating within the cryptocurrency ecosystem. The VanEck Onchain Economy ETF, trading under the ticker symbol NODE, is set to begin trading on May 14, 2025, following approval from the U.S. Securities and Exchange Commission (SEC).

NODE will not directly invest in cryptocurrencies such as Bitcoin or Ethereum. Instead, it will invest in a portfolio of 30 to 60 companies involved in various aspects of the digital asset landscape. This includes companies operating in crypto exchanges, mining, data centers, energy provision, chip manufacturing, gaming, and other sectors contributing to the development of digital finance.

VanEck's Head of Digital Asset Research, Matthew Sigel, announced on X (formerly Twitter): "The global economy is shifting to a digital foundation. NODE offers active equity exposure to the real businesses building that future."

The actively managed ETF will be overseen by Sigel, who will select stocks from a universe of over 130 companies within the digital asset space. The fund intends to allocate at least 80% of its assets to what VanEck defines as "Digital Transformation Companies"—businesses leveraging blockchain technology or digital tools significantly. Up to 25% may be invested in exchange-traded crypto products, futures, or other digital asset-linked investment instruments.

To comply with U.S. tax regulations, VanEck utilizes a Cayman Islands subsidiary, enabling investment in certain products otherwise restricted for U.S.-based ETFs.

NODE will have a management fee of 0.69% and is classified as a non-diversified fund, allowing for concentrated investments in fewer companies.

Initially filed in January 2025, the SEC's approval paves the way for NODE's market launch, addressing growing investor demand for exposure to crypto-related companies without direct cryptocurrency ownership. VanEck already manages other crypto-focused funds, including a spot Bitcoin ETF application, and has submitted applications for ETFs linked to Solana and Binance Coin.