NODE provides broad exposure to digital transformation companies and digital assets instruments. Active management rebalances the fund in line with crypto market cycle indicators, bringing dynamic volatility management to investing in the onchain economy.
NODE may invest most or all of its net assets in Digital Transformation Companies and/or Digital Asset Instruments, but does not invest directly in digital assets or commodities. Digital asset instruments may involve risks from investing in digital asset ETPs, including extreme market volatility and limited investor protections, as these ETPs are not registered under the Investment Company Act of 1940 or the Commodity Exchange Act and do not offer the investor protections provided under those Acts.
VanEck is announcing the launch of the VanEck Onchain Economy ETF (CBOE: NODE), an actively managed fund that provides exposure to companies at the forefront of digital asset adoption.
NODE offers diversified exposure to a wide range of companies powering the onchain economy. At launch, holdings include crypto-native companies like miners, exchanges and holding companies; energy and infrastructure providers; fintech and blockchain-integrated e-commerce platforms; and datacenter and compute infrastructure. The portfolio is adjusted dynamically as market conditions evolve, based on each company’s sensitivity to bitcoin.
The investment team manages overall exposure to maintain a lower volatility profile than many pure-play crypto strategies. This approach is designed to help investors stay allocated through market cycles, while preserving the flexibility to add exposure when valuations reset and dislocations create more attractive opportunities. NODE’s mandate also allows for investment in bitcoin and other crypto-linked exchange-traded products (ETPs) to supplement direct company exposures.
NODE holdings include companies already active in the onchain economy, whether by holding or mining bitcoin, providing infrastructure or energy to miners, or enabling digital asset adoption through fintech or traditional finance platforms. The investment team will also consider any company that has clearly communicated plans to engage in this space, as evidenced through public filings, earnings calls or investor materials.
“The portfolio will not be static. As new companies enter the universe through IPOs, spinouts or strategy shifts, we will continuously update our investable universe. We will also adjust beta and volatility to maintain responsible exposure to bitcoin and to businesses driving the growth of the onchain economy, avoiding over-allocation to high-beta names during frothy markets and preserving buying power for future opportunities. The goal is to offer a risk profile investors can stick with, alongside the liquidity and transparency of an ETF,” said Matthew Sigel, VanEck’s Head of Digital Assets Research and Portfolio Manager for NODE. “By taking a broader view of the onchain economy, NODE can deliver both diversification and liquidity. Categorizing assets by their bitcoin sensitivity lets us fine-tune the portfolio across market cycles, with a goal of ramping up volatility when risk is rewarded and dialing it back when caution is key.”
NODE joins a family of digital asset and digital asset-focused ETFs from VanEck that also includes the VanEck Digital Transformation ETF (Nasdaq: DAPP), an index-tracking fund designed to provide exposure to companies participating in digital assets economies.
“DAPP continues to deliver a key means of adding passive, market-tracking exposure to pureplay companies at the forefront of the digital assets transformation. Meanwhile, NODE provides a powerful tool for investors seeking bitcoin and crypto exposure with a more measured risk profile, offering potentially lower volatility than pure-play strategies, with the flexibility to add exposure during periods of market stress,” added Sigel.
VanEck’s X feed, @vaneck_us, is a go-to source for updates on the firm’s digital assets efforts, and the firm’s digital assets research team is a prolific producer of insights on this space.
About VanEck
VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends – including gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 – that subsequently shaped the investment management industry.
Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of 4/30/2025, VanEck managed approximately $116.6 billion in assets, including mutual funds, ETFs and institutional accounts. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategies.
Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.
Disclosures
This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.
Digital asset instruments may be subject to risks associated with investing in digital asset exchange-traded products (“ETPs”), which include the historical extreme volatility of the digital asset and cryptocurrency market, as well as less regulation and thus fewer investor protections, as these ETPs are not investment companies registered under the Investment Company Act of 1940 (“1940 Act”) or commodity pools for the purposes of the Commodity Exchange Act (“CEA”).
The technology relating to digital assets, including blockchain, is new and developing and the risks associated with digital assets may not fully emerge until the technology is widely used. Digital asset technologies are used by companies to optimize their business practices, whether by using the technology within their business or operating business lines involved in the operation of the technology. The cryptographic keys necessary to transact a digital asset may be subject to theft, loss, or destruction, which could adversely affect a company’s business or operations if it were dependent on the digital asset. There may be risks posed by the lack of regulation for digital assets and any future regulatory developments could affect the viability and expansion of the use of digital assets.
VanEck Onchain Economy ETF (NODE) Risk Disclosures:
The Fund may invest nearly all of its net assets in either Digital Transformation Companies and/or Digital Asset Instruments. The Fund does not invest in digital assets or commodities directly.
An investment in the Fund involves a substantial degree of risk and is not suitable for all investors. Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund’s Shares and the possibility of significant losses. An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Therefore, you should consider carefully various risks before investing in the Fund, each of which could significantly and adversely affect the value of an investment in the Fund.
An investment in the Fund may be subject to risks which include, among others, risks related to investing in digital transformation companies, digital asset instruments, commodities and commodity-linked instruments, subsidiary investment, commodity regulatory (with respect to investments in the subsidiary), tax (with respect to investments in the subsidiary), gap, liquidity, derivatives, new fund, regulatory, non-diversified, small- and medium-capitalization companies, foreign securities, emerging market issuers, market, operational, active management, authorized participant concentration, no guarantee of active trading market, trading issues, fund shares trading, premium/discount risk and liquidity of fund shares, industry concentration, cash transactions, underlying investment vehicle, and affiliated investment vehicle risks, all of which may adversely affect the fund. Emerging market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Small- and medium-capitalization companies may be subject to elevated risks.
Commodities and commodity-linked instruments may be subject to further risks, including tax and futures contracts risk. This risk may be adversely affected by “negative roll yields” in “contango” markets. The Fund will “roll” out of one futures contract as the expiration date approaches and into another futures contract with a later expiration date. The "rolling" feature creates the potential for a significant negative effect on the Fund's performance that is independent of the performance of the spot prices of the underlying commodity. The "spot price" of a commodity is the price of that commodity for immediate delivery, as opposed to a futures price, which represents the price for delivery on a specified date in the future. The Fund would be expected to experience negative roll yield if the futures prices tend to be greater than the spot price. A market where futures prices are generally greater than spot prices is referred to as a “contango” market. Therefore, if the futures market for a given commodity is in contango, then the value of a futures contract on that commodity would tend to decline over time (assuming the spot price remains unchanged), because the higher futures price would fall as it converges to the lower spot price by expiration. Extended period of contango may cause significant and sustained losses. Additionally, because of the frequency with which the Fund may roll futures contracts, the impact of contango on Fund performance may be greater than it would have been if the Fund rolled futures contracts less frequently.
VanEck Digital Transformation ETF (DAPP) Risk Disclosures:
The Fund will not invest in digital assets (including cryptocurrencies) (i) directly or (ii) indirectly through the use of digital asset derivatives. The Fund also will not invest in initial coin offerings. Therefore the Fund is not expected to track the price movement of any digital asset.
Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund’s Shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk. An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Therefore, you should consider carefully various risks before investing in the Fund, each of which could significantly and adversely affect the value of an investment in the Fund.
An investment in the Fund may be subject to risks which include, among others, risks related to investing in digital transformation companies, special risk considerations of investing in Canadian and Chinese issuers, equity securities, small- and medium-capitalization companies, information technology sector, financials sector, foreign securities, emerging market issuers, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares, non-diversified and index-related concentration risks, all of which may adversely affect the Fund. Emerging market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Small- and medium-capitalization companies may be subject to elevated risks.
Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.
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“By taking a broader view of the onchain economy, NODE can deliver both diversification and liquidity... ramping up volatility when risk is rewarded...," Matthew Sigel, VanEck’s Head of Digital Assets Research and Portfolio Manager for NODE.
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