VanEck to Launch Crypto ETF ‘NODE’ in May—Here’s What’s Inside

Asset manager VanEck is preparing to launch a new crypto-focused exchange-traded fund (ETF) on May 14, 2025. Named NODE, the ETF will invest in a wide group of companies that are involved in blockchain and digital asset operations, offering investors broad access to the growing crypto industry through traditional equities.

The fund will trade on U.S. markets under the ticker symbol NODE. It will be actively managed and include between 30 and 60 holdings selected from a wider pool of over 130 publicly traded firms with links to blockchain, mining, and other crypto-related services.

Portfolio Will Target Crypto Infrastructure and Services

NODE will invest in companies that operate in areas connected to blockchain and crypto services. These will include public exchanges that support digital asset trading, companies that mine cryptocurrencies, data center providers, payment processors, and hardware firms that support blockchain networks. The ETF may also include firms that hold crypto assets on their balance sheets.

VanEck’s head of digital assets research, Matthew Sigel, who will manage the fund, explained the reasoning behind NODE in a recent post: “Our goal with NODE is to focus on businesses actively building digital infrastructure across global markets.”

🚨Now Effective: VanEck Onchain Economy ETF ($NODE)

Actively managed, $NODE will aim to hold 30–60 names from a 130+ stock universe tied to the digital asset economy:

>Exchanges, miners, data centers
>Energy infra, semis/hardware, TradFi rails
>Consumer/gaming & asset managers… https://t.co/zokQwHKpGY pic.twitter.com/3ijf5rEQB2

— matthew sigel, recovering CFA (@matthew_sigel) April 16, 2025

The ETF will not directly hold cryptocurrencies. Instead, it will focus on traditional equities that are linked to blockchain and crypto innovation. This gives investors access to the digital economy without needing to buy individual crypto assets.

Fund Rules and Investment Limits

According to the official filing, NODE will invest at least 80% of its total assets in either digital asset-related companies or financial instruments that are linked to digital technologies. These may include futures, options, exchange-traded products (ETPs), and other securities tied to the sector.

To manage exposure to derivatives, the fund includes an offshore subsidiary registered in the Cayman Islands. This setup allows indirect investment in certain crypto-linked contracts while following U.S. tax rules. The investment in this subsidiary will be limited to no more than 25% of the fund’s total assets per quarter.

The ETF will not invest in stablecoins and will focus on firms showing material involvement in digital asset operations. This includes companies across different regions and industries, including small- and mid-sized businesses and emerging market equities.

NODE Expands VanEck’s Role in Crypto-Equity Space

VanEck has previously launched and filed for several digital asset-related products. Its spot Bitcoin ETF, HODL, currently manages over $1.2 billion in assets. In addition, the firm was among the first to file for Solana and BNB-related ETFs, further expanding its crypto product offerings.

NODE is part of VanEck’s wider effort to build investment tools that follow the transition of industries into blockchain-based models. Unlike spot ETFs, which track crypto prices directly, NODE is designed to follow the performance of companies building and operating within the blockchain economy.

The SEC approved NODE’s registration earlier this month, allowing VanEck to move forward with the public launch in May.