The US Securities and Stock Exchange Commission (SEC) approved a new stock exchange investment fund focused on the crypto asset sector developed by the finance giant Vaneck. The new fund is called “Onchain Economy Etf, and is planned to have the share of the crypto asset company between 30-60 in its portfolio. Matthew Sigel will be responsible for the management of the fund and the launch is expected to be held on May 14, starting to be traded with the Fund and Node code.
Crypto stock investment
Among the stocks that are expected to be in the portfolio of the fund, there will be companies that operate close to the crypto sector. In this context, it is planned to have mining activities, crypto asset exchanges, data center operators, energy infrastructure providers, hardware manufacturers, traditional financial system health, game companies and asset managers as well as other relevant investment items. In addition, the portion of the portfolio up to 25 %is expected to be divided into other crypto asset themed other stock market investment funds.
Matthew Sigel, who will manage the ETF’s management, emphasized the transformation of the digital economy. In the context of existing market dynamics and digitalization of the global economy, Sigel stated that the fund is to support future investments. Sigel’s description is given below:
“The global economy is transitioning to the digital basis. Node offers the opportunity for the real enterprises that build the future for active self -capital investment.” – Matthew Sigel
Investment Strategy
After confirming the first Spot Bitcoin ETFs in January 2024, the SEC had allowed Ethereum -oriented ETFs to be traded in July. These developments have led to a significant flow of capital in the crypto asset market and prepared the ground for increasing competition in the sector.
Vaneck currently offers Bitcoin and Ethereum themed ETF products. The company also includes applications for other crypto assets such as Solana and Avalanche, but these applications are still at the approval stage. This point to efforts to increase the product range in the crypto asset sector.
Market actors closely follow the increasing interest and competitive environment in the field of crypto assets. The fact that the new ETF provides investors with diversified investment opportunities for different crypto sector shares supports hopes for the development of the sector.
The regulatory steps for the digital asset sector and the new products offered to the market are seen as an important development in terms of portfolio diversity and risk distribution. Investors can follow the industry -related developments and shape their long -term strategies and carefully approach the fluctuations in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
