VanEck plans to launch a crypto-related investment ETF next month

VanEck plans to launch a new cryptocurrency-related exchange-traded fund (ETF) next month under the ticker symbol NODE, Golden Finance reported. The ETF aims to provide investment opportunities for the broader cryptocurrency economy by investing in financial instruments and stocks related to cryptocurrency exchanges, Bitcoin miners, and data centers. Matthew Sigel, Head of Digital Asset Research at VanEck, said: "NODE has an active management strategy with the goal of holding between 30 and 60 stocks out of more than 130 stocks related to the digital asset economy. The global economy is shifting to a digital foundation. NODE offers an active equity investment opportunity for brick-and-mortar businesses building this future. ”