VanEck’s new cryptocurrency index fund, tracking the VanEck Onchain Economy ETF, is set to launch on May 14th with a management fee of 0.69%, providing investors with exposure to the growing crypto-related stock market.
The VanEck Onchain Economy ETF (NODE) is expected to start trading on May 14th with a management fee of 0.69%. The fund will actively manage ’30-60 stocks tied to the digital asset sector, providing investors with exposure to the growing crypto-related stock market.’
” tern=”VanEck Onchain Economy ETF” ]
Key Features and Strategy
The NODE’s portfolio may include a range of companies such as crypto exchanges, miners, data centers, semiconductors, and up to 25% in crypto exchange-traded-products (ETPs). According to ‘Matthew Sigel,’ VanEck’s head of digital asset research, the fund aims to hold 30-60 stocks that are part of the ‘real businesses building’ the future of the global economy. The management fee will be 0.69%, and the fund is expected to use a Cayman Islands subsidiary for indirect exposure to derivatives.
VanEck is a global investment manager known for its innovative exchange-traded funds (ETFs).
Founded in 1955, the company has been at the forefront of developing unique investment products that cater to various market needs.
With over $50 billion in assets under management, VanEck offers a wide range of ETFs covering commodities, precious metals, and emerging markets.
The firm's commitment to research-driven investing and its focus on providing investors with access to hard-to-reach asset classes have made it a leader in the ETF industry.
Indirect Exposure and Regulatory Compliance
The VanEck Onchain Economy ETF will utilize an offshore subsidiary in the Cayman Islands to gain indirect exposure to products such as commodity futures, swaps, and pooled investment vehicles while complying with U.S. federal tax regulations. This allows the fund to expand its investment opportunities while maintaining regulatory compliance.
Market Demand for Crypto Equity ETFs
The launch of the VanEck Onchain Economy ETF comes at a time when investors are increasingly seeking exposure to crypto-related stocks. A recent survey among financial advisors found that crypto equity ETFs are at the forefront of what advisors are interested in investing, highlighting the growing demand for such products.
Crypto equity exchange-traded funds (ETFs) are investment vehicles that allow individuals to gain exposure to the cryptocurrency market through traditional financial instruments.
These ETFs typically hold a basket of stocks related to the crypto industry, such as mining companies or digital payment processors.
They offer a way for investors to diversify their portfolios and potentially benefit from the growth of the crypto sector without directly investing in cryptocurrencies.
Some popular examples include Grayscale Bitcoin Trust and VanEck Vectors Crypto Industry ETF.
Conclusion
As the global economy continues to shift towards a digital foundation, actively managed exchange-traded funds (ETFs) like the VanEck Onchain Economy ETF offer investors a way to tap into this growth. With its management fee and strategy, the NODE is poised to provide exposure to the real businesses driving the future of the digital asset sector.
- coindesk.com | Crypto Stock Tracking ETF Coming Soon From VanEck
