VanEck’s New ETF Is Here – Meet the Onchain Economy! 🚀

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Mon Dieu! What have we here? A new marvel, a financial wizardry! VanEck, that illustrious purveyor of financial wisdom, has unveiled a most audacious creation: an actively managed exchange-traded fund (ETF), designed not to just peek into the digital economy, but to gallop right into it with unbridled enthusiasm! And they’ve called it… brace yourselves… the VanEck Onchain Economy ETF (NODE). Now, what could possibly go wrong? 😏

With the grace of a ballet dancer, this ETF pirouettes its way onto the Cboe exchange. And what, pray tell, does it offer to investors? Why, a splendid buffet of companies entrenched in the blockchain ecosystem. Think crypto miners, exchanges, infrastructure providers, and the like. VanEck, in their infinite wisdom, assures us that this is the way of the future – as if they’re the grand prophets of this onchain economy. 🙄

But wait, there’s more! This remarkable ETF also takes under consideration any company which so much as whispers about engaging with the digital economy. Yes, if a company makes vague proclamations in their public filings or earnings calls, it might just be worthy of VanEck’s attentions. A very modern take on investment, don’t you think? If I didn’t know better, I’d say it’s a bit like investing in a fog – promising, but hard to hold on to.

The NODE ETF will, of course, be managed actively – because who doesn’t love a little action? But fear not, dear investor, for the fund shall not indulge in the wild pleasures of directly holding cryptocurrencies. Instead, it shall focus on crypto-related financial instruments – as if it’s all the fun without the mess. A true testament to responsible investing. 💸

Matthew Sigel, the head of digital asset research at VanEck, offers us a reassuring thought, speaking in riddles about “beta” and “volatility” – that mysterious creature of the financial world. Yes, we shall avoid over-allocation to high-beta names in frothy markets, ensuring that our buying power remains strong for future opportunities. Sounds like a jolly good plan, doesn’t it? Let’s all just hope the froth doesn’t get too high. 🧐

Other ETF filings

Ah, but the story does not end here! In April, VanEck had the brilliant idea to launch yet another ETF – the VanEck Digital Transformation ETF (DAPP). This one, you see, invests in a passive index of crypto companies. Because, surely, in this fast-paced world, we need more passive things to invest in. Passive, yet highly lucrative! A paradox for the ages. 🧐

As of May 14, the DAPP ETF holds a modest $185 million in net assets. But, as we all know, numbers are but fleeting shadows in the world of ETFs. Who can predict the future? Only those with the grandest of visions – or perhaps the most well-timed filings with the SEC!

Speaking of which, VanEck is not the only one itching to create ETFs for crypto. Oh no, dear friends, VanEck is merely one of many seeking the SEC’s blessing to list over 70 crypto-related ETFs. The rush is palpable, the frenzy even more so, as these asset managers scramble to get their piece of the blockchain pie.

And, what is the reason for this sudden rush, you ask? Why, it is none other than the sweet, sweet relaxation of SEC regulations under President Donald Trump. His office, ever the friend of crypto, has loosened the reins, making it easier for such financial marvels to appear. How very convenient. 🤔

On May 5, VanEck submitted a request to the SEC, seeking permission to list an ETF holding the BNB Chain’s native token. Truly, this is an age of wonders! And let us all hold our breath as we await the next great ETF revelation!

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2025-05-14 22:26