NODE ETF: Question & Answer>

NODE is built on a simple thesis: the onchain economy is real, accelerating, and increasingly investable. What began as a fringe financial experiment has become a catalyst for transformation across energy, computing, finance, and consumer tech.

As digital assets go mainstream — from ETF approvals to enterprise adoption and sovereign integration — NODE aims to offer investors a smart, risk-aware way to participate in this long-term shift.

What is the VanEck Onchain Economy ETF (NODE)?

The VanEck Onchain Economy ETF (NODE) is an actively managed equity ETF that seeks to capture the transformative growth of blockchain and digital assets. NODE invests in companies across a broad set of categories — from crypto infrastructure to adjacent enablers like semiconductors and data centers — all of which contribute to or benefit from the onchain economy.

What is the “onchain economy”?

The onchain economy refers to the expanding network of businesses, technologies, and infrastructure tied to public blockchains like Bitcoin and Ethereum. It includes crypto-native firms like miners and exchanges and companies in traditional finance, energy, semiconductors, and software actively integrating blockchain into their operations.

These businesses are helping build a new era of value transfer, decentralized computing, and financial infrastructure — and NODE aims to provide investors with diversified, equity-based access to that shift.

What types of companies does NODE invest in?

NODE ’s portfolio spans 10 categories within the onchain economy:

Crypto ETPs
Mining
Exchanges
Asset Managers
Corporate Bitcoin Holders (companies with large bitcoin (BTC) holdings)
Data Centers
Energy Infrastructure
Traditional finance (TradFi) Enablers
Semiconductors/Hardware
Consumer/Gaming

Each category represents a different stage of blockchain adoption or enablement. The Fund dynamically adjusts exposure based on category beta, market conditions, and where we believe we are in the Bitcoin cycle (based on historical data).

What is NODE’s investment approach?

NODE is an actively managed ETF designed to adapt to one of the fastest-evolving areas of the global economy. Rather than track an index, NODE ’s portfolio management team:

Chooses 30–40 high-conviction names from a universe of ~100 global stocks
Monitors fundamental, macro, and crypto-native signals
Allocates dynamically across categories based on opportunity and risk

NODE avoids direct cryptocurrency exposure. Instead, it uses equities and regulated instruments (such as crypto ETPs and futures) to gain targeted digital asset exposure via a Cayman subsidiary structure.

How does the Bitcoin cycle influence NODE’s positioning?

The historical patterns of the Bitcoin halving cycle has tended to drive changes in crypto sentiment and price behavior. The Fund optimizes exposure by overweighting higher-beta categories during periods of positive sentiment and focusing on more defensive categories when volatility rises or risk appetite declines.

Beta (BTC Beta): A measure of how an asset moves in relation to Bitcoin’s price fluctuations. Higher beta (>1.0) means the asset moves more than BTC, while lower beta (<1.0) means it moves less.

Why active management in this space?

The onchain economy moves fast — driven by innovation, policy shifts, and crypto market volatility. Passive or index-based strategies may lag behind major developments or overexpose investors to stale themes.

Active management gives NODE the flexibility to:

Respond to emerging narratives or market disruptions
Adjust allocations as categories evolve or correlations change
Manage risk proactively during periods of volatility or drawdowns

This agility is particularly important in a space with asymmetric upside and cyclical behavior.

Is NODE just about crypto or something broader?

NODE is crypto-forward, but not crypto-only. While many of the Fund’s holdings have exposure to bitcoin or digital assets, NODE also includes companies enabling the broader digital transformation — from AI-powered data centers and power-hungry GPU manufacturers to payment platforms exporting blockchain-based services to emerging markets.

The goal is to capture value across the entire digital asset stack: infrastructure, applications, and adjacencies.

How concentrated is NODE’s portfolio?

NODE targets 30–40 securities selected from a broader universe of ~100 names. This allows:

Diversification across categories, regions, and risk profiles
Flexibility to express high-conviction views
Tactical rotation when opportunities or risks emerge

The Fund’s portfolio construction is designed to balance upside participation with risk awareness — particularly during volatile crypto phases.

What role could NODE play in a portfolio?

NODE may fit within the following allocation sleeves:

Thematic Growth: For investors seeking exposure to disruptive trends
Alternative Equity: As a differentiated equity sleeve with potential crypto correlation
Core-Satellite: As a satellite position complementing core index exposure

Because it spans multiple categories with distinct risk/return profiles, NODE can act as a flexible tool for expressing a long-term view of blockchain’s impact on the global economy.

How can investors buy VanEck ETFs?

Learn more here: VanEck Onchain Economy ETF

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