The U.S. Stock Exchange and the Securities Commission (SEC) have approved the application for Vaneck, a digital asset management company, and have launched a combined stock exchange (ETF) that allows investments in companies related to the economy of digital assets.
Matthew Sigel, director of digital asset research, explained through X’s personal account that the financial instruments will be called the Vaneck Ochain Economy ETF (node) and will be available from May 14th.
“With active management, nodes try to maintain a value of 30-60 in a universe of over 130 actions linked to the economy of digital assets,” he said.
Combined ETFs Includes stocks from cryptocurrency exchanges, bitcoin mining companies and companies that operate data centersso are companies that provide energy infrastructure, manufacture semiconductors, and develop hardware used in the industry.
This adds actors from the traditional financial system that support operations with video games that incorporate digital assets, mass consumer companies, cryptocurrency network technology, and asset managers.
Companies that maintain cryptocurrency in balance will also become part of the fund. Additionally, up to 25% of ETFs can directly invest in listed products (ETPs) that follow the prices of Bitcoin (BTC) and Ethher (ETH), the native currencies of the Ethereum ecosystem.
As explained by Cryptonoticia, Etf alCaé directly replicates and supports the price of the asset it represents. This allows investors to purchase stocks without acquiring individually.
In his post, Shigeru revealed that the ETF will be managed by himself. Responsible for making strategic decisions about companies in your portfoliohow to allocate assets and how to adjust investments to meet the fund’s objectives.
The fund’s management cost is 69 bps (basic point in Spanish), an annual rate estimated daily from ETF assets, covering active management.
It is worth noting that Vanek is one of the companies that has the most experience in creating and presenting financial products based on digital assets.
As cryptooticias reported, the company first presented it to the SEC Applications for launching Solana ETF (Sun) in the United States. This proposal is currently under evaluation of the regulatory body that Paul Atkins presents.
Additionally, it manages the management of the Vaneck Bitcoin ETF (HODL) and Vaneck Ethereum Trust (ETHV).
