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VanEck Submits ETF Application for Investment in Crypto Firms and ETPs

Source
JH Kim

Summary

  • The U.S. asset management firm VanEck has reportedly submitted an application to the SEC to launch an exchange-traded fund (ETF) that invests in digital innovation companies and crypto assets.
  • The VanEck Onchain Economy ETF is said to allocate at least 80% of the fund's assets to crypto firms and ETPs.
  • The ETF's ticker is NODE, and it reportedly includes companies such as crypto exchanges and mining firms.

On the 15th (local time), according to the crypto-specialized media Crypto Briefing, the U.S. asset management firm VanEck has submitted an application to the Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) that invests in digital innovation companies and crypto products. This is the VanEck Onchain Economy ETF, which allocates at least 80% of its net assets to crypto firms and ETPs. The ticker is NODE. Companies include crypto exchanges, payment gateway providers, mining companies, and providers of crypto software services or infrastructure.

#Policy
#ETF
#Analysis
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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