Crypto Stock Tracking ETF Coming Soon From VanEck

VanEck has obtained SEC approval to launch an actively managed ETF named VanEck Onchain Economy ETF (NODE) that will monitor digital asset stocks. The ETF will include 30-60 stocks from various sectors related to cryptocurrencies and will charge a management fee of 0.69%. NODE is expected to begin trading on May 14th and will offer exposure to companies leading the digital economy’s future. To indirectly access commodities futures and comply with U.S. tax regulations, the fund will utilize an offshore subsidiary in the Cayman Islands. The launch of NODE reflects the increasing demand from investors for exposure to the crypto sector as interest in crypto-related stocks continues to grow.