VanEck plans to launch a crypto stock tracking ETF

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According to ChainCatcher, citing CoinDesk, VanEck plans to launch an actively managed exchange-traded fund (ETF) tracking digital asset stocks after receiving approval from the U.S. Securities and Exchange Commission (SEC).

Matthew Sigel, VanEck's Head of Digital Assets Research, stated that the VanEck Onchain Economy ETF (NODE) aims to hold 30 to 60 stocks, with a management fee of 0.69%.

The fund's stocks will cover areas such as cryptocurrency trading platforms, miners, data centers, energy infrastructure, semiconductors, hardware, traditional financial infrastructure, consumer/gaming, asset management companies, and "balance sheet holders". Up to 25% of NODE's exposure will be invested in cryptocurrency exchange-traded products (ETPs).

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