VanEck submits application for on-chain economy ETF to the US SEC

Odaily Planet Daily News Asset management company VanEck submitted an application for the "Onchain Economy" exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission on January 15. According to the document, the fund will invest in cryptocurrency companies across the industry, including software developers, mining companies, cryptocurrency exchanges, infrastructure builders, payment companies, and other businesses in the cryptocurrency field. The asset manager defines these companies as "digital transformation companies" and writes: "The selection of digital transformation companies is based on fundamental analysis, market trends, the company's strategic positioning in the digital asset ecosystem, and valuation." The fund will also invest in digital asset instruments such as commodity futures contracts, but will not invest directly in digital assets by holding cryptocurrencies.