VanEck to launch cryptocurrency stock tracking ETF 'NODE'

Odaily News VanEck has obtained approval from the U.S. Securities and Exchange Commission (SEC) to launch the Onchain Economy ETF (NODE), a cryptocurrency stock tracking exchange-traded fund. The ETF will manage 30-60 stocks related to the digital asset field. Its investment portfolio may include 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 a Cayman Islands subsidiary. (CoinDesk)