VanEck launches NODE, an exchange-traded fund that tracks cryptocurrency stocks

VanEck has received approval from the U.S. Securities and Exchange Commission (SEC) to launch a cryptocurrency stock tracking exchange-traded fund Onchain Economy ETF (NODE). The ETF will manage 30-60 stocks related to the digital assets field, with the portfolio potentially including cryptocurrency exchanges, miners, data centers, semiconductors, and up to 25% of cryptocurrency ETPs. It will start trading on May 14 and will indirectly invest in derivatives through an offshore subsidiary in the Cayman Islands.