The US Securities and Exchange Commission (SEC) has Greenlit a new crypto-related exhibition-related fund (ETF) of the Financial Reus Vaneck.
Matthew Sigel, the head of Digital Assets Research van Vaneck, will manage the new “Onchain Economy ETF”, which he out Contains 30-60 shares bound by the crypto sector.
Those shares include miners, fairs, data centers, energy infrastructure providers, hardware companies, traditional financial rails, game companies and asset managers, in addition to other crypto-adjacent investments.
The ETF will also assign a maximum of 25% of its portfolio to crypto-assisted funds.
Sigel says that the ETF will use the Ticker node and wants it to be launched before 14 May.
“The world economy is shifting to a digital foundation. Node offers active exposure to equity to the real companies that build that future.”
The Sec Greenlit The first place market Bitcoin ETFs in January 2024, which results in billions of dollars at the top digital assets through market capitalization, and the regulator then approved ETFs for trade in July. Two financial companies, Franklin Templeton and Hashdex, also launched joint BTC ETFs earlier this year.
Vaneck currently offers ETH and BTC ETFS and has requested Solana (SOL) and Avalanche (Avax) Exchange-treated funds, which still have to be approved.
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