Ah, mesdames et messieurs! The illustrious U.S. Securities and Exchange Commission, in a fit of benevolence, has bestowed its approval upon a new crypto-related exchange-traded fund (ETF) from the esteemed financial titan, VanEck! ๐
Enter Matthew Sigel, the grand maestro of digital assets research at VanEck, who shall orchestrate this new โOnchain Economy ETF.โ He proclaims it shall hold a veritable cornucopia of 30 to 60 stocks, all tied to the whimsical world of crypto! ๐ค
These stocks, dear audience, will include miners, exchanges, data centers, energy infrastructure providers, hardware firms, traditional finance rails, gaming firms, and asset managersโtruly a motley crew of crypto-adjacent investments! ๐ญ
But wait! The ETF shall also allocate a generous 25% of its portfolio to crypto asset exchange-traded funds. A splendid strategy, n’est-ce pas? ๐ผ
Sigel, with the flair of a true showman, announces that this ETF shall bear the ticker NODE and aims to make its grand debut by May 14th. Mark your calendars, for the spectacle awaits! ๐
โThe global economy is shifting to a digital foundation. NODE offers active equity exposure to the real businesses building that future.โ A statement so profound, it could make even the most stoic philosopher chuckle! ๐
Let us not forget, the SEC has already greenlit the first spot market Bitcoin ETFs in January 2024, ushering in a flood of billions into the top digital asset by market cap. And lo! Ethereum ETFs followed suit last July, as if in a grand ballet of finance! ๐
Two financial firms, Franklin Templeton and Hashdex, have also joined the fray, launching joint BTC–ETH ETFs earlier this year. The stage is set, and the players are many! ๐ญ
VanEck, ever the ambitious player, currently offers ETH and BTC ETFs and has filed for Solana (SOL) and Avalanche (AVAX) exchange-traded funds, which remain in the limbo of approval. Will they join the ranks of the illustrious? Only time will tell! โณ
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2025-04-18 23:04