VanEck to launch ‘NODE’ ETF targetting crypto-related stocks
Vaneck is expected to start his new granted fund on the Ticker’s node on May 14, expanding its range of investment products related to the crypto.
Vaneck’s digital asset manager Matthew Sigel announced in a position on April 16 on X that the American Commission Securities and Exchange had approved his next ETF, Node. The company plans to launch the FNB on May 14, offering an exhibition to actions to companies shaping digital assets and the blockchain economy.
Nicknamed the FNB of Onchain Economy, the node is positioned as a bridge so that investors to access the economy of growing digital assets without directly holding the crypto. It will offer a diverse exhibition to public companies building an infrastructure based on blockchain.
30 to 60 listed companies in a pool of more than 130 will be included in the FNB managed actively. These companies operate in a wide range of industries related to cryptographic infrastructure, such as asset managers, data centers, exchanges, bitcoin minors and equipment manufacturers.
The fund can also allocate up to 25% of its assets with negotiated stock markets linked to the crypto. The FNB will charge 0.69% management fees and will not invest directly in cryptocurrencies.
Instead, he targets “digital transformation companies”, described in dry deposits as companies generating income from Blockchain, Crypto or the big distributed book. It also includes foreign titles, mid-cap actions and instruments related to basic products.
To increase its exposure, Node will invest through a subsidiary of the Cayman Islands which allows indirect access to term contracts on raw materials, exchanges and other vehicles while joining the US tax regulations. The fund will exclude stablescoins and will limit investments in the subsidiary to 25% of its total assets per quarter.
Vaneck aims to continue to develop its selection of cryptocurrency FNB with this launch. He has applied For other ETF focused on cryptocurrency, such as those who follow the avalanche (Avax) and Binance’s play (Bnb). His Bitcoin spot (BTC) ETF, Hodl, currently manages more than $ 1.2 billion in assets.
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