Key Takeaways:
- NODE ETF targets 30–60 crypto-focused public companies
- Avoids direct crypto holding to align with SEC regulations
- Leverages a Cayman-based subsidiary to gain crypto-linked exposure
VanEck’s New Crypto-Focused ETF Goes Live Mid-May
VanEck has confirmed that its NODE ETF, branded as the Onchain Economy ETF, will officially launch on May 14. The fund provides equity exposure to firms building the backbone of the blockchain ecosystem — without investing in tokens directly.
The approval was highlighted by Matthew Sigel, VanEck’s Head of Digital Asset Research, via social media. The original SEC filing for NODE was submitted on January 15, 2025.
NODE’s Strategy: Invest in Builders of the Digital Economy
According to VanEck’s filing, NODE will hold 30–60 equities selected from a group of over 130 public companies involved in digital assets. These include firms in mining, custody, infrastructure, and crypto trading. At least 80% of the fund will target “Digital Transformation Companies” — selected via a framework combining fundamental analysis, valuation models, and market position.
The ETF carries a 0.69% annual fee and is actively managed to adapt to the fast-changing crypto sector.
Stablecoins Left Out, but Global Securities In
NODE intentionally avoids exposure to stablecoins, although it’s not yet clear whether the exclusion extends to the issuers themselves. Meanwhile, the ETF allows for international diversification, including ADRs and commodity-linked instruments.
To legally access digital asset-linked derivatives, VanEck has set up a Cayman Islands subsidiary, which can hold up to 25% of the fund’s assets. This structure mirrors other commodity ETFs and ensures regulatory compliance under U.S. tax codes.
More Crypto ETFs in Pipeline as VanEck Expands
The NODE ETF marks another step in VanEck’s growing crypto portfolio. The firm has also filed for spot ETFs tied to BNB and Avalanche (AVAX). These are currently awaiting SEC decisions amid broader delays in the approval process for digital asset vehicles.
Despite those regulatory hurdles, VanEck remains optimistic about the sector. Matthew Sigel has previously said Bitcoin is just getting started — predicting a $180,000 price by 2025. The firm has also published bullish projections for Solana, forecasting a future $250 billion valuation and a $520 token price.
