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What is VanEck’s Onchain Economy ETF ($NODE) and how does it work?

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What is ​VanEck’s Onchain Economy ETF ($NODE)

VanEck’s Onchain Economy ETF ($NODE) exposes investors to companies driving blockchain adoption across multiple industries. The fund is scheduled to begin trading on May 14, 2025, following its inception on May 13, 2025.

As the global economy shifts to a digital core, NODE offers active equity investment in real-world companies shaping that future. This ETF is actively managed, meaning a portfolio manager and not just an algorithm, selects the included stocks.

The ETF may allocate up to 25% of its assets to crypto-linked exchange-traded products (ETPs) via a Cayman Islands subsidiary, providing indirect exposure to digital assets while adhering to US tax regulations. With a management fee of 0.69%, $NODE offers a diversified approach to participating in the evolving digital asset economy without direct cryptocurrency investments.

How VanEck’s $NODE ETF builds its portfolio

VanEck’s $NODE ETF is designed to expose investors to companies at the forefront of blockchain and digital asset innovation. The ETF plans to hold between 30 and 60 stocks selected from over 130 publicly traded enterprises integral to the digital asset ecosystem.

These stocks may span across the following sectors:

Data centers: Infrastructure hubs that deliver the computational power necessary for blockchain networks. Cryptocurrency exchanges: These platforms, like Coinbase, facilitate the trading and exchange of digital assets.Miners: Organizations that verify Bitcoin (BTC) transactions. Crypto-holding companies: Publicly listed businesses that include Bitcoin or other cryptocurrencies as part of their treasury.Traditional financial institutions: Established banks and financial service providers incorporating blockchain solutions into their offerings.Consumer and gaming enterprises: Enterprises adopting blockchain technology in consumer applications and gaming platforms.Asset managers: Professionals and firms developing and overseeing investment vehicles tied to digital asset markets.Energy infrastructure providers: Businesses offering energy solutions tailored to support blockchain and crypto mining operations.Semiconductor and hardware firms: Companies such as Nvidia that design and manufacture chips and specialized mining equipment.

To further diversify its portfolio, $NODE may allocate up to 25% of its assets to cryptocurrency ETPs, providing indirect exposure to digital assets. This allocation is managed through a Cayman Islands subsidiary, allowing the ETF to navigate US tax regulations effectively. VanEck employs a rigorous selection process for its holdings, combining fundamental analysis, market trend assessment, strategic positioning and valuation metrics to identify companies leading the digital transformation. 

According to a Jan. 15 filing with US regulators regarding the proposed ETF, at least 80% of its investments could be allocated to “digital transformation companies” and digital asset instruments.

Did you know? Crypto ETFs let you invest in digital assets like Bitcoin or blockchain stocks without setting up a crypto wallet. They are traded on traditional exchanges and offer regulated exposure to crypto markets, making them accessible to mainstream investors and institutions.

How VanEck’s $NODE ETF uses blockchain and Bitcoin cycle metrics to optimize investment

VanEck’s Onchain Economy ETF ($NODE) offers a unique approach to blockchain investment. It focuses on companies leveraging blockchain for real-world applications, rather than tracking the price of cryptocurrencies like Bitcoin (BTC) or Ether (ETH). 

Each company in the $NODE portfolio has either blockchain central to its business model or future strategy. VanEck evaluates firms based on their tangible progress and innovation. Companies in the ETF’s portfolio may include sectors like fintech, supply chain, gaming and digital identity.

To manage market volatility, VanEck utilizes Bitcoin cycle indicators — metrics based on historical BTC price patterns — to adjust the ETF’s risk exposure dynamically. This approach helps optimize performance by aligning the portfolio with broader market sentiment and crypto-economic cycles.

By investing in $NODE, investors gain exposure to the expanding influence of blockchain beyond speculative assets. This helps investors capture the long-term growth potential of real-world blockchain integration across industries. The ETF reflects a forward-looking strategy reflecting how blockchain transforms the global economy.

Did you know? Canada launched the world’s first spot Bitcoin ETF – Purpose Bitcoin ETF (BTCC) – in February 2021. It beat the US to market and sparked a wave of regulated crypto investment products globally.

Difference between $NODE and general equity ETFs

VanEck’s $NODE ETF stands apart from general equity ETFs in strategy and focus. Unlike broad-market funds that track indexes like the S&P 500 or FTSE 100, $NODE invests exclusively in companies adopting and building blockchain technology.

While general equity ETFs typically use passive strategies, $NODE is actively managed. VanEck’s fund managers handpick portfolio companies based on their real-world contributions to the blockchain economy. A management fee supports this hands-on approach, allowing the ETF to stay aligned with the fast-changing blockchain landscape.

$NODE does not hold Bitcoin or Ether. Instead, it uses Bitcoin cycle signals — like regular “halving” events that cut new supply and long-term price trends — to decide when to take more or less risk in its investments. This helps VanEck adjust the fund as the crypto market changes, which can affect how much money flows into blockchain projects, how many people start using them and overall market sentiment.

By focusing on blockchain’s real-world business use rather than cryptocurrency speculation, $NODE offers investors a way to participate in the digital transformation of industries worldwide. It’s a future-facing alternative to general equity ETF models.

The following table illustrates the difference between $NODE and general equity ETFs:

How to buy $NODE

To buy VanEck’s Onchain Economy ETF ($NODE), investors need a brokerage account that provides them access to the Cboe BZX Exchange, where the ETF is listed. 

Once you have set up and funded the account, search for the ticker symbol “NODE.” Review the ETF’s details, including its management fee and investment strategy, before placing a buy order. 

$NODE trades during regular market hours like any standard stock or ETF. As with any investment, you should understand the fund’s objectives, holdings and risks beforehand to ensure it aligns with your financial goals and risk tolerance.

Did you know? In January 2024, the US SEC approved multiple spot Bitcoin ETFs, including those from BlackRock and Fidelity. This marked a significant regulatory milestone and fueled billions in inflows within weeks.

$NODE: Institutional interest and key risks amid regulatory shifts

VanEck’s launch of the $NODE ETF comes amid rising institutional interest in crypto-linked investments and a more supportive regulatory backdrop. Still, the fund carries unique risks tied to the volatile crypto ecosystem.

The launch aligns with positive regulatory developments, such as the proposed US Strategic Bitcoin Reserve and potential stablecoin legislation, signaling stronger institutional engagement. $NODE aims to capture surging demand for crypto-equity exposure. A March 2025 survey showed that 68% of financial advisers now seek such options for their clients.

Macro trends are also favorable: Bitcoin’s market dominance rose to 62.2% in Q1 2025, driven by institutional preference for regulated vehicles. Public companies collectively added 100,000 BTC to their treasuries, underscoring corporate confidence in Bitcoin. VanEck’s bullish outlook targets – $180,000 BTC and $520 Solana (SOL) by year-end — further reflect sector momentum.

However, $NODE is not immune to crypto-sector risks. While it doesn’t hold cryptocurrencies directly, its portfolio is still exposed to market volatility, Bitcoin price swings and potential tech stock corrections. Regulatory setbacks may also affect the broader blockchain industry. Additionally, its derivatives strategy, managed through a Cayman subsidiary, introduces counterparty and liquidity risks.

Investors should weigh these factors carefully, balancing the fund’s compliance-driven structure and VanEck’s asset management reputation against these sector-specific vulnerabilities.

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Coin Market

Google search volume for Bitcoin flat as BTC nears new highs — Where are retail investors?

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23 minutes ago

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May 15, 2025

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Key takeaways:

Google search data and app rankings show retail Bitcoin investor demand near 6-month lows.

Retail investor interest typically peaks 1 week after BTC breaks all-time highs.

Bitcoin (BTC) retail traders are known for entering the market during periods of euphoria, typically after strong monthly gains or a new all-time high. This time is no different, with Bitcoin approaching $104,000 on May 14 while general public interest and retail activity continue to lag.

Analysts estimate that in 2025, retail investors were the largest net sellers of BTC, while institutions were the main buyers. But if historical patterns hold, a surge in retail appetite is likely to occur about one week after Bitcoin surpasses the $109,350 mark.

Source: X/River

According to River’s estimates, individual investors sold a total of 247,000 BTC throughout 2025, equivalent to $23 billion based on the average price during the period. Meanwhile, Michael Saylor’s Strategy accounted for 77% of the 157,000 BTC acquired by businesses that year.

Retail interest for Bitcoin nears 6-month lows

Current search trends for the term “Bitcoin” match levels last seen in June 2024, when BTC was trading around $66,000 after three months of failing to break above $73,000.

Search trends for Bitcoin. Source: Google

Likewise, the Coinbase app now ranks 15th in the US App Store within the finance category—comparable to its 20th-place ranking in June 2024, based on data from The Block.

Coinbase app ranking in US App Store – Finances. Source: TheBlock

If mobile app rankings and Google search trends for “Bitcoin” can serve as proxies for retail interest, demand last peaked on Nov. 15, 2024, when the Coinbase app jumped from the 40th to the 5th position in under two weeks. At the same time, search activity spiked to its highest level in over two years.

Bitcoin/USD performance in November 2024. Source: TradingView / Cointelegraph

The retail excitement coincided with Bitcoin breaking its previous all-time high of $73,757 on Nov. 6, 2024, with excitement peaking nine days later. Although retail traders missed most of the gains from the $67,000 level a month earlier, the bullish trend persisted as Bitcoin surged to $107,000 by mid-December 2024.

Related: Bitcoin bulls aim for new all-time highs by next week as capital inflows soar

Buying Bitcoin near an all-time high is a sub-optimal strategy

A comparable spike in retail demand occurred on March 9, 2024, when the Coinbase app rose to the fourth most downloaded in the US finance category, up from 35th place just two weeks earlier. At the same time, Google search interest for “Bitcoin” hit its highest level in 20 months, roughly six days after Bitcoin surpassed its prior record daily close of $68,000 from November 2021.

The retail interest jump in March 2024 followed a 56% price increase in just 30 days, with BTC climbing from $43,100 to $68,100. In contrast to the November 2024 breakout, the following seven months saw erratic price movements, with Bitcoin struggling to maintain levels above $70,000. Retail traders tend to react to previous all-time highs, but this often means they miss out on most of the upside.

The net outflows from retail investors while Bitcoin trades 5.5% below all-time high reinforce the “Bitcoin” search trends and Coinbase app rankings, supporting the idea that retail demand emerges roughly one week after a previous all-time high is surpassed.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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Coin Market

Dogecoin active addresses surge by 528% — Will DOGE price follow?

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1 hour ago

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May 14, 2025

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Key Takeaways:

Dogecoin’s active addresses surged 528% to 469,477.

DOGE’s futures open interest rose 70% to $1.65 billion, indicating strong speculative interest.

On May 13, Dogecoin (DOGE) witnessed a staggering 528% increase in active addresses, soaring from 74,640 to 469,477, signaling robust network activity and growing investor interest. This surge followed an update to 21Shares’ filing for a spot Dogecoin ETF, receiving acknowledgement from the US Securities and Exchange Commission (SEC). The financial services firm confirmed the development on X on May 14.

Dogecoin active addresses. Source: Glassnode

The filing, which aims to track DOGE’s price, aligns with similar efforts by Bitwise and Grayscale, hinting at potential mainstream adoption. This news fueled market optimism, leading to a rise in the memecoin’s network activity. 

Adding to the momentum, Glassnode reported that DOGE futures open interest rose 70% over the past week, climbing from $989 million to $1.65 billion, despite a price pullback from recent highs. This decoupling of open interest and price suggests persistent speculative positioning, a trend Glassnode noted as “worth monitoring” for potential volatility.

Dogecoin futures open interest. Source: Glassnode

DOGE has also seen strong spot-buyer demand, and Cointelegraph reported that DOGE’s spot taker 90-day cumulative volume delta (CVD) is currently “taker buyer dominant,” reflecting more aggressive buying than selling since early March.

This pattern preceded a 385% rally to $0.48 in Q4 2024. Additionally, the long-term holder net unrealized profit/loss (NUPL) for DOGE holders (holding at least 155 days) recently surpassed 0.5, indicating an optimistic “belief” sentiment.

With the network’s activity booming, speculative interest rising, and spot buyers dominating, Dogecoin’s market dynamics are setting the stage for a potential price run to its range highs.

Related: Price predictions 5/14: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

Dogecoin price targets $0.40

Crypto analyst Trader Tardigrade noted that DOGE has hit a key resistance level around $0.24, with a brief consolidation expected over the next few days. A breakout above this resistance could propel DOGE to $0.40, signaling healthy upward momentum. 

Dogecoin analysis by Trader Tardigrade. Source: X.com

Meanwhile, Dogecoin proponent Kriss Pax highlighted an inverse head-and-shoulders pattern on the 1-day chart, suggesting a potential surge to $0.42 with the pattern reflecting a bullish breakout. The trader said, 

“Stuck between $0.22 and $0.25. Opportunities for buying dips will come. Some will swing trade. But when $DOGE decides to take off, you will want to be on board.”

Related: Bitcoin bulls aim for new all-time highs by next week as capital inflows soar

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Coin Market

Ethereum Foundation unveils security initiative to supplant legacy systems

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2 hours ago

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May 14, 2025

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The Ethereum Foundation has launched a security initiative aimed at supporting the broader adoption of onchain technologies, according to a May 14 announcement. The effort is part of an ongoing push to strengthen Ethereum’s role in programmable digital assets.

Fredrik Svantes, a protocol security research lead, and Josh Stark from the Ethereum Foundation management team will be the initial co-chairs of the initiative. Three contributors to the Ethereum ecosystem — samczsun, Medhi Zerouali, and Zach Obront — will help guide the project.

Called the Trillion Dollar Security Initiative, the effort seeks to analyze, improve, and communicate to Ethereum developers areas where security can be improved, including user experience, wallet security, smart contract security and infrastructure.

According to DefiLlama, Ethereum still is the leading ecosystem for decentralized finance (DeFi), having held between 50-60% of the total value locked across all blockchains since May 2022. The network’s TVL stands at nearly $80 billion as of May 14.

Blockchains by total-value-locked. Source: DefiLlama

“Achieving Trillion Dollar Security is only possible with the support of the broad Ethereum ecosystem,” the Foundation said in a statement. “Billions of individuals are each comfortable storing more than $1,000 onchain, collectively amounting to trillions of dollars secured on Ethereum,” it added.

Related: Vitalik Buterin outlines vision as Ethereum ecosystem addresses hit new high

Ethereum rebounds with Pectra upgrade

Ethereum’s struggles during this bull market have been well-documented. It has suffered from low traffic and a lack of attention-grabbing use cases, and its layer-2 chains that make Ethereum faster have been plagued by bad UX. But then came the Pectra upgrade.

Pectra, Ethereum’s most significant upgrade since The Merge, has delivered three key improvements, including external accounts as smart contracts, increased staking limits and data blobs per block.

Ethereum’s native token (ETH) price has risen significantly since the upgrade, jumping over 43% since May 7.

Magazine: Comeback 2025 — Is Ethereum poised to catch up with Bitcoin and Solana?

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