VanEck to Issue a New ETF Focused on Crypto Companies

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Asset manager VanEck has submitted a request for approval to the US Securities and Exchange Commission (SEC) to launch the “On-chain Economy” exchange-traded fund (ETF). The primary focus of the fund is to invest in companies and instruments within the cryptocurrency sector, without investing directly in cryptocurrencies.

As stated in their filing on January 15, the ETF will invest at least 80% of its net assets in “Digital Transformation Companies” and “Digital Asset Instruments.”

These include companies involved in activities such as crypto exchanges, payment gateways, crypto mining, and related infrastructure. Digital transformation companies may also encompass those that hold a significant amount of crypto assets or generate revenue from digital asset projects.

Digital Asset Instruments refer to financial products such as commodity futures, options, and other exchange-traded products that provide exposure to cryptocurrencies.