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Asset Management Firm Files for New ETF Focusing on Digital Asset Infrastructure
Introduction
VanEck, a leading asset management firm, has filed for a new exchange-traded fund (ETF) that targets companies building infrastructure for digital assets. The Onchain Economy ETF seeks to allocate at least 80% of its assets to "Digital Transformation Companies" and digital asset instruments.
ETF Structure and Investment Strategy
The Onchain Economy ETF’s structure avoids direct crypto exposure, unlike other ETFs, but maintains exposure to the digital asset markets it compiles. The fund’s investment strategy is based on a combination of fundamental analysis, market trends, a company’s strategic positioning within the digital asset ecosystem, and valuation.
Investment Universe
The ETF will invest in companies that provide infrastructure services, such as:
- Crypto exchanges
- Payment gateways
- Mining operations
- Firms providing infrastructure services
It will also invest in firms providing core technology, infrastructure, and data center capacities that support digital asset operations.
Digital Asset Instruments
The fund will target investments that offer exposure to the largest digital assets by market capitalization. However, it will exclude stablecoins.
Filing Details
The Onchain Economy ETF plans to establish a Cayman Islands subsidiary to manage certain digital asset investments, with exposure capped at 25% of total assets each quarter. The fund’s filing follows a wave of new crypto ETF filings, including Bitwise’s 10 Crypto Index Fund ETF and Grayscale’s request to convert its Solana Trust into an ETF.
Conclusion
The Onchain Economy ETF is an innovative new product that aims to provide exposure to the digital asset market without direct crypto exposure. The fund’s focus on infrastructure companies and digital asset instruments could offer investors a new way to gain exposure to the digital asset market.
FAQs
Q: What is the Onchain Economy ETF’s investment strategy?
A: The fund’s investment strategy is based on a combination of fundamental analysis, market trends, a company’s strategic positioning within the digital asset ecosystem, and valuation.
Q: What is the fund’s exposure to digital asset instruments?
A: The fund will target investments that offer exposure to the largest digital assets by market capitalization, excluding stablecoins.
Q: How will the fund manage its digital asset investments?
A: The Onchain Economy ETF plans to establish a Cayman Islands subsidiary to manage certain digital asset investments, with exposure capped at 25% of total assets each quarter.
Q: What is the fund’s investment universe?
A: The fund will invest in companies that provide infrastructure services, such as crypto exchanges, payment gateways, mining operations, and firms providing infrastructure services. It will also invest in firms providing core technology, infrastructure, and data center capacities that support digital asset operations.
