Crypto’s Newest Star: The ETF That Will Make You Rich (Or Not) 💸

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What to know:

  • In a twist of fate, VanEck has charmed the SEC into approving the Onchain Economy ETF (NODE), a daring venture that will juggle 30-60 stocks from the digital asset circus.
  • NODE’s treasure chest may include crypto exchanges, miners, data centers, semiconductors, and a cheeky 25% in crypto ETPs. Who knew finance could be so spicy? 🌶️
  • Mark your calendars! This fund is set to strut its stuff on May 14, using a Cayman Islands subsidiary to dance around derivatives like a pro. 🕺

VanEck is rolling out the red carpet for an actively-managed exchange-traded fund (ETF) that tracks the wild world of digital asset stocks, all thanks to a nod from the U.S. Securities and Exchange Commission (SEC). Talk about a VIP pass!

According to VanEck’s head of digital asset research, Matthew Sigel, the VanEck Onchain Economy ETF (NODE) will aim to hold 30-60 stocks. The management fee? A modest 0.69%. Because who doesn’t love a good deal? 😏

Expect a colorful mix of stocks, from crypto exchanges and miners to data centers and energy infrastructure. And let’s not forget the “balance sheet HOLDers” – because holding is the new bold! Up to 25% of NODE’s exposure will be in crypto exchange-traded-products (ETPs). 🎢

“The global economy is shifting to a digital foundation,” Sigel proclaimed, as if he were announcing the arrival of a new messiah. “NODE offers active equity exposure to the real businesses building that future.” Sounds like a plan, right?

As the crypto stock market grows, with companies lining up to go public this year, investors are clamoring for a taste of the crypto pie. A recent survey at an ETF conference revealed that crypto equity ETFs are the hottest topic among financial advisors. Who knew finance could be this thrilling? 🍰

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2025-04-17 17:53