VanEck has introduced a new exchange-traded fund (ETF) aimed at giving investors access to the evolving digital asset market without directly holding cryptocurrency. Called the Van Eck Onchain Economy ETF, or NODE, this actively managed fund provides exposure to companies active within the blockchain space, including miners, exchanges, data centers, and fintech firms utilizing crypto technology. 20-60 companies will be held in the portfolio, chosen from a wider pool of over 130, based on market trends and each firm’s connection to Bitcoin (BTC). NODE won’t directly hold cryptocurrencies but may invest up to 25% of assets into crypto-linked exchange-traded products like Bitcoin ETFs. These investments will be made through a Cayman Islands subsidiary, allowing the fund to comply with U.S. tax laws while indirectly gaining exposure to cryptocurrency-related products such as swaps and futures. NODE won’t hold stablecoins and will restrict subsidiary exposure to 25% of assets every quarter.