VanEck Launches Cryptocurrency Stock Tracking ETF NODE

VanEck has received approval from the U.S. Securities and Exchange Commission (SEC) to launch the Onchain Economy ETF (NODE), which tracks cryptocurrency stocks. This ETF will manage 30-60 stocks related to the digital asset sector. Its portfolio may include cryptocurrency exchanges, miners, data centers, semiconductors, and up to 25% of cryptocurrency ETPs. Trading will commence on May 14 and will indirectly invest in derivatives through an offshore subsidiary in the Cayman Islands.