ETF to include crypto exchanges, miners, data centers and more

Asset manager VanEck has announced plans to launch a new crypto-adjacent equity ETF, dubbed NODE, on May 14. The actively managed fund will invest in 30 to 60 companies that are building the digital asset economy — from Bitcoin miners to data centers to blockchain infrastructure firms.

NODE represents a shift toward broader crypto market exposure, targeting “Digital Transformation Companies” and “Digital Asset Instruments”, according to its SEC filing. These include traditional stocks and derivatives such as futures, options, and swaps tied to crypto-related sectors.

An alternative to direct token exposure

For investors hesitant to buy crypto directly, NODE offers diversified exposure to the ecosystem’s growth. It complements VanEck’s existing spot Bitcoin ETF (HODL), which has amassed $1.2 billion in assets since launching in January 2024.

VanEck has been among the most aggressive firms in expanding its crypto offerings. It was the first to file for a Solana ETF and has also pitched a fund tied to BNB, the token behind Binance.

NODE arrives at a time when altcoin ETF proposals are growing in popularity but still face regulatory hurdles in the U.S. The fund is expected to attract both institutional and retail investors looking to capitalize on the infrastructure powering the next generation of finance.

Read the full article on theblock.