Summary
- VanEck announced plans to launch a new cryptocurrency-related exchange-traded fund (ETF).
- The ETF with the ticker 'NODE' is said to invest in cryptocurrency exchanges, Bitcoin mining companies, and data centers.
- It emphasized that the core strategy is to provide broad investment exposure across the industry by selecting about 30 to 60 stocks.
Global asset manager VanEck announced plans to launch a new cryptocurrency-related exchange-traded fund (ETF) next month.
According to The Block, a cryptocurrency-focused media outlet, the ticker for this product is 'NODE', and it is structured to invest in cryptocurrency exchanges, Bitcoin (BTC) mining companies, financial products related to data centers, and related stocks.
This ETF aims to hold between 30 to 60 stocks out of more than 130 related to the crypto economy, with the core strategy being to provide broader investment exposure across the industry.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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