VanEck has secured the green light from the U.S. Securities and Exchange Commission (SEC) to launch the Onchain Economy ETF (NODE). This actively-managed ETF will encompass 30 to 60 stocks associated with the digital asset sector, including crypto exchanges, miners, and related companies.

Key Highlights:

• The fund’s trading is slated to commence on May 14th, with a management fee set at 0.69%.
• Alongside stocks, NODE’s allocations may reach up to 25% in crypto exchange-traded products (ETPs).

Matthew Sigel, VanEck’s head of digital asset research, indicated that the fund aims to facilitate access to a digitizing economy, stating, “The global economy is shifting to a digital foundation. NODE offers active equity exposure to the real businesses building that future.”

As crypto-related equities gain traction in markets, the demand from investors for exposure to these assets continues to rise.