VanEck launches exchange-traded fund NODE that tracks cryptocurrency stocks

VanEck has received approval from the Securities Exchange Commission (SEC) to launch a cryptocurrency stock-tracking exchange-traded fund, the Onchain Economy ETF (NODE), which will manage 30-60 stocks related to the digital asset space. Its portfolio may include cryptocurrency exchanges, miners, data centers, semiconductors, and up to 25% of cryptocurrency ETPs. It will begin trading on May 14 and will indirectly invest in derivatives through its offshore subsidiary in the Cayman Islands.