Investment giant VanEck is planning to launch a new exchange-traded fund (ETF) related to crypto as early as next month.
The ETF aims to target equities and financial instruments that relate to digital assets. They encompass firms that operate crypto exchanges, the miners of bitcoins, and data centers.
NODE will offer an active investment strategy. According to VanEck’s Head of Digital Assets Research, Matthew Sigel, the fund will hold 30 to 60 stocks drawn from a pool of over 130 companies involved in the digital economy.
In a post on X, Sigel said, “The global economy is shifting to a digital foundation. NODE offers active equity exposure to the real businesses building that future.”
VanEck submitted an application for this ETF in January. It is the latest move by the firm into the world of increasing crypto investment products.
NODE, in contrast to spot Bitcoin ETFs, does not make direct investments in tokens. Instead, the ETF provides access to companies that are promoting blockchain adoption.
This launch aligns with a larger industry trend. Investment firms are racing to roll out products that let investors benefit from crypto markets without owning actual coins.
BlackRock, Fidelity, and VanEck itself have already launched spot Bitcoin ETFs. Spot Ethereum ETFs are also live, while others based on altcoins such as XRP and Solana are still in the pipeline.
VanEck expands crypto-aligned financial products
However, the NODE ETF seeks to maintain at least 80% of its assets in companies and instruments related to digital transformation. These include commodity futures, options, swaps, and investment vehicles that pool assets.
The performance of VanEck in digital asset ETFs is one of early leadership. Its spot Bitcoin ETF, listed under symbol HODL, presently has $1.2 billion in assets, as per The Block Data Dashboard.
Since January 2024, when they first launched, spot Bitcoin ETFs started attracting widespread interest from both advisors and retail clients.
VanEck additionally led the way in filing for a Solana ETF. At the beginning of the month, it developed a plan for a BNB-based fund.
Nonetheless, NODE further cements the company’s status as a leading firm in crypto-aligned finance. The action reflects increasing interest in diversified means of investment in the economy powered by blockchain.
