VanEck plans to launch an actively managed trading platform trading fund (ETF), which will track digital asset stocks, after receiving approval from the U.S. Securities and Exchange Commission (SEC). Matthew Sigel, head of digital assets research at VanEck, said the VanEck Onchain Economy ETF (NODE) will target 30 to 60 stocks. The management fee is 0.69%. The fund's stock will cover areas such as cryptocurrency trading platforms, miners, data centers, energy infrastructure, semiconductors, hardware, traditional financial infrastructure, consumption/games, asset management companies and "balance sheet holders". NODE's maximum 25% exposure will be invested in cryptocurrency trading platform trading products (ETPs).
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