Ethereum 22,000 VanEck, a major fund manager overseeing over $118 billion in assets, has filed a registration statement with the Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) focused on the burgeoning digital asset economy. The proposed “Onchain Economy ETF,” is seeking to trade under the ticker symbol NODE, and will not invest directly in cryptocurrencies but instead will provide exposure through companies and investment vehicles linked to the digital asset ecosystem . Digital Transformation Companies According to the preliminary prospectus filed with the SEC on January 15, 2025 , the ETF will allocate at least 80% of its net assets to “Digital Transformation Companies” and “Digital Asset Instruments.” This includes companies that operate crypto exchanges, payment gateways that authorize direct payment processing, and those involved in or assisting with digital asset mining. The ETF will also invest in companies providing software services, equipment, and technology, as well as energy and data infrastructure for digital asset operations, as well as companies that facilitate commerce with the use of digital assets. VanEck defines “Digital Transformation Companies” as those that operate or assist with “digital asset projects” or those that own a “material amount” of digital assets. The […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
