VanEck Launches Cryptocurrency Stock Tracking ETF NODE
VanEck has received approval from the U.S. Securities and Exchange Commission (SEC) to launch the Onchain Economy ETF (NODE), which tracks cryptocurrency stocks. This ETF will manage 30-60 stocks related to the digital asset sector. Its portfolio may include cryptocurrency exchanges, miners, data centers, semiconductors, and up to 25% of cryptocurrency ETPs. Trading will commence on May 14 and will indirectly invest in derivatives through an offshore subsidiary in the Cayman Islands.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed's Collins: Changes in inflation outlook prompt support for rate cuts
US-listed company Marygold Companies launches oil bitcoin strategy fund WTIB
BitMine increased its holdings by 102,000 ETH last week, bringing its total holdings to approximately 3.97 million ETH.
Trending news
MoreCrypto prices
More
