Asset-manager VanEck has listed the actively managed NODE ETF on Cboe, pledging dynamic exposure to crypto-focused equities and related instruments.
Unlike previous passive crypto-stock trackers, NODE may rotate holdings to “maintain responsible exposure to bitcoin” while avoiding over-concentration in frothy periods, portfolio manager Matthew Sigel said.
Inclusion criteria broaden the universe
Eligible companies range from miners and exchanges to fintechs with explicit blockchain plans revealed in filings or earnings calls.
Sigel added, “As new companies enter the universe through IPOs, spinouts or strategy shifts, we will continuously update our investable universe.”
Risk management philosophy
VanEck intends to dial beta up or down as volatility shifts, preserving “buying power for future opportunities” rather than riding momentum blindly.
The strategy also allows limited use of crypto-linked notes and futures, though the fund will not hold digital assets directly.
Context of booming ETF pipeline
NODE arrives amid a flurry of more than 70 pending U.S. crypto-ETF applications following a regulatory thaw under President Trump.
VanEck itself already runs the passive DAPP crypto-equity ETF and is seeking approval for a BNB-backed spot product.
Investor outlook
With bitcoin near record highs and miners flush with cash, proponents see demand for diversified, publicly traded crypto exposure that sidesteps wallet custody concerns.
Critics counter that the sector’s correlation risk remains high and question whether active management can consistently outpace benchmarks after fees.
Still, VanEck’s move underscores Wall Street’s conviction that the “on-chain economy” is becoming too large for mainstream portfolios to ignore.