VanEck Files Application to Issue an Onchain Economy ETF

VanEck has applied to launch a new exchange-traded fund (ETF) focused on companies that build infrastructure for digital assets, rather than direct crypto exposure.

The proposed Onchain Economy ETF will primarily invest in “Digital Transformation Companies” and digital asset instruments, with at least 80% of its assets being allocated to these businesses.

This includes companies like crypto exchanges, payment processors, mining companies, and other organizations that provide essential infrastructure services for the digital asset industry.

In addition, the fund will also support firms that offer technology, infrastructure, and data center services for digital asset operations. VanEck stated that their selection process for these companies would include factors like fundamental analysis, market trends, strategic positioning within the digital asset ecosystem, and valuation.

The fund will also prioritize investing in the largest digital assets by market capitalization, excluding stablecoins.