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VanEck launches NODE, an exchange-traded fund that tracks cryptocurrency stocks
VanEck has received approval from the U.S. Securities and Exchange Commission (SEC) to launch the Onchain Economy ETF (NODE), an exchange-traded fund that tracks crypto stocks, which will manage 30-60 stocks related to the digital asset space, and its portfolio may include cryptocurrency exchanges, miners, data centers, semiconductors, and up to 25% of crypto ETPs, and will begin trading on May 14 and will invest indirectly in derivatives through a Cayman Islands offshore subsidiary.