VanEck plans to launch cryptocurrency-related investment ETF next month
Internet reports that VanEck plans to launch a new cryptocurrency-related exchange-traded fund (ETF) next month with the ticker symbol NODE. 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, director of digital asset research at VanEck, said: "NODE adopts a proactive management strategy with the goal of holding 30 to 60 stocks out of more than 130 stocks related to the digital asset economy. The global economy is shifting to a digital foundation. NODE provides positive equity investment opportunities for building this future entity."
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