VanEck’s NODE ETF to Focus on Broader Crypto Opportunities Beyond Mining
Financial advisers prefer equity ETFs for crypto exposure, as noted in a Bitwise/VettaFi survey. Dan Tapiero from 10T Holdings emphasized the appeal of investing in companies with traditional financial metrics.
The upcoming VanEck Onchain Economy ETF (NODE), launching on May 14, aims to diversify investments beyond just bitcoin miners, focusing on over 130 companies. Key points include:
- NODE will avoid the volatile mining sector, which has seen numerous bankruptcies.
- Potential investment in downstream and midstream energy firms connected to BTC mining.
- Interest in Web2 companies adopting stablecoins and digital assets, enhancing traditional cost structures.
- Over $10 billion in IPOs from crypto-related companies are anticipated, presenting new opportunities for investors.
Matthew Sigel, head of digital assets research at VanEck, manages NODE and expects it to attract long-term investors due to its diversified approach.