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Vaneck made the presentation of authorization before the US SEC.
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It will be an active management fund, whose investments can vary.
The United States Stock Exchange and Securities Commission (SEC) approved Vaneck’s application, a digital asset management firm, to launch a combined stock exchange (ETF) that will allow investing in companies linked to the economy of digital assets.
Matthew Sigel, director of Digital Assets Research of the firm, explained through his personal account of X that the financial product will be called Vaneck Ochain Economy ETF (Node) and will be available from May 14.
«With active management, Node will seek to maintain between 30 and 60 values of a universe of more than 130 actions linked to the economy of digital assets,» he said.
The combined ETF Includes shares of companies that operate cryptocurrency exchanges, Bitcoin mining companies and data centersas well as firms that provide energy infrastructure and manufacture semiconductors or develop hardware used in the industry.
To this are added actors of the traditional financial system that provide support to operations with digital assets, mass consumption companies and video games that incorporate cryptocurrency network technology, and asset managers.
Those companies that maintain cryptocurrencies in their balance will also be part of the fund. In addition, up to 25% of ETF may be invested directly in listed products (ETP) that follow the price of Bitcoin (BTC) and Ethher (ETH), the native currency of the Ethereum ecosystem.
As Cryptonoticia explained, an ETF al Caé directly replicates the price of the asset that it represents and that supports it. This allows investors to buy shares without acquiring them individually.
In his post, Sigel revealed that the ETF will be administered by himself, which means that will be in charge of making strategic decisions about which companies in the portfoliohow to assign assets and how to adjust investments to meet the objective of the fund.
The fund will have an administration cost of 69 BPS (basic points, in Spanish), an annual rate that covers active management and that is deduced daily from the ETF assets.
It is worth noting that Vaneck is one of the firms with the most experience in the creation and presentation of financial products based on digital assets.
As cryptooticias has reported, the firm was the first to present to the SEC An application to launch a Solana ETF (Sun) in the United States. The proposal is still under evaluation of the regulatory entity that Paul Atkins currently presides.
In addition, it has under its control the management of the Vaneck Bitcoin ETF (Hodl) and Vaneck Ethereum Trust (ETHV).