VanEck Onchain Economy ETF files filing with SEC
Asset manager VanEck filed an application with the US Securities and Exchange Commission on Jan. 15 for an “Onchain Economy” exchange-traded fund (ETF), according to a now-deleted social media comment from VanEck's head of digital assets research, Matthew Siegel.
According to the filing, the fund will invest in crypto companies across the industry, including software developers, mining companies, crypto exchanges, infrastructure builders, payment firms and other businesses in the crypto sector.
The asset manager describes these as “digital transformation companies”:
“Digital transformation companies are selected based on fundamental analysis, market trends, the company's strategic positioning in the digital asset ecosystem, and evaluation.”
The fund invests in digital asset instruments such as commodity futures contracts but does not invest in digital assets by directly holding crypto. VanEck's application is one of the latest ETF filings pending new leadership at the SEC.
VanEck App for Onchain Economy ETF. Source: SEC
Related: SEC postpones listing decision for Bitwise crypto index ETF
Financial institutions register crypto ETF applications.
Following the re-election of President-elect Donald Trump in the United States, and in anticipation of a friendlier regulatory environment, several asset managers and financial firms have filed or updated SEC filings for crypto ETFs.
Digital asset manager Bitwise has filed for 10 Crypto Index Fund ETFs in November 2024.
The index includes Bitcoin (BTC), Ether (ETH), SOL (SOL), XRP (XRP), Avalanche's AVAX (AVAX), Chainlink's LINK (LINK) token, Cardano's native ADA (ADA) currency, Bitcoin Cash (BCH), Uniswap. (UNI) and Polkadot (DOT).
ETF provider WisdomTree filed for XRP (XRP) ETF in December 2024, joining 21Shares, Canary Capital and Bitwise Ranks.
Digital asset management firm Greyscale also applied for the Solana ETF in December. The firm has applied to the SEC for approval to convert its existing Grayscale Solana Trust into an exchange-traded fund.
That same month, asset manager REX Financial launched the REX Crypto Equity Premium Income ETF, which relies on a covered call strategy on crypto stocks to generate income.
Recently, Bitwise filed a regulatory filing with the SEC proposing to list the Bitwise Bitcoin Standard Corporations ETF, which invests in companies with large Bitcoin holdings.
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