VanEck launches 'Onchain Economy' ETF

VanEck has launched a new actively managed exchange-traded fund (ETF) designed to invest in stocks and financial instruments offering exposure to the digital economy, the asset manager said on May 14. The VanEck Onchain Economy ETF (NODE) is listed on the Cboe exchange and aims to provide investors with broad exposure to companies operating in the blockchain ecosystem, including crypto miners, exchanges, infrastructure providers, and crypto-oriented financial technology platforms, VanEck said in a press release.  The NODE ETF will also “consider any company that has clearly communicated plans to engage in this space, as evidenced through public filings, earnings calls or investor materials,” VanEck said. Additionally, the fund, which will be actively managed, may also invest in crypto-related financial instruments but will not hold any cryptocurrencies directly, according to the press release source: https://cointelegraph.com/news/vaneck-launches-onchain-economy-etf?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound