Catenaa, Friday, January 17, 2025-Investment manager VanEck has filed a prospectus with the US Securities and Exchange Commission for its new “Onchain Economy” ETF, aiming to invest in companies shaping the digital asset ecosystem.
The proposed fund would allocate at least 80% of its net assets to firms in the digital transformation space, including cryptocurrency exchanges, payment platforms, mining firms, and vehicles such as commodity futures contracts.
However, the ETF itself will not directly invest in digital assets or commodities.
The move follows VanEck’s liquidation of its Ethereum Strategy ETF (EFUT) in September 2024, which invested in Ethereum futures rather than the cryptocurrency itself. The closure occurred shortly after the SEC approved spot ether ETFs.
The filing signals VanEck’s pivot towards broader opportunities in digital assets, even as its existing spot Ethereum fund, ETHV, recorded $1.64 million in daily volume on Tuesday.
Similarly, its spot Bitcoin ETF, HODL, saw $15.87 million in volume, according to The Block’s Data Dashboard.
VanEck’s Onchain Economy ETF reflects growing institutional interest in digital transformation and blockchain technology as the financial sector increasingly integrates crypto-focused innovation.
The SEC has yet to comment on the filing or indicate when a decision on the ETF might be made.
