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- Asset management giant VanEck has officially filed for a new exchange-traded fund (ETF) aimed at investing predominantly in the blockchain sector.
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This innovative fund, named the Onchain Economy ETF, intends to focus 80% of its portfolio on companies that advance digital asset infrastructures, while strategically avoiding direct cryptocurrency exposure.
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“Digital Transformation Companies are selected based on a combination of fundamental analysis, market trends, and valuation,” stated VanEck in their recent SEC filing.
VanEck’s Onchain Economy ETF targets blockchain firms for 80% of its investments, strategically avoiding direct cryptocurrency exposure while aiming for diversified growth.
VanEck Launches Onchain Economy ETF: A Focus on Blockchain Infrastructure
In a significant move for both VanEck and the cryptocurrency space, the asset management firm has sought approval for the Onchain Economy ETF. This fund is designed to invest at least 80% of its total assets in what VanEck categorizes as “Digital Transformation Companies.” These firms play a crucial role in shaping the digital asset landscape, including crypto exchanges, payment gateways, and infrastructure providers.
The ETF’s structure, focusing on traditional equities rather than direct digital currencies, underscores a cautious approach amidst regulatory uncertainties. As detailed in their SEC filing, VanEck clarified that the ETF aims to encapsulate major players within the blockchain ecosystem while intentionally steering clear of direct investments in stablecoins, a point which remains somewhat ambiguous according to their comments.
Investment Strategy: Engaging with Digital Assets
The strategic blueprint for the Onchain Economy ETF involves a diversified portfolio that spans both established and emerging companies contributing to the blockchain economy. By incorporating a combination of fundamental analysis and recognition of market trends, VanEck is positioning itself to capitalize on the ongoing evolution within the industry.
Among the sectors highlighted for investment are companies that provide the essential technology and data center capabilities necessary for effective digital asset operations. This strategy positions investors to potentially benefit from underlying trends in blockchain and digital assets without the volatility associated with direct cryptocurrency holdings.