VanEck filed for the “Onchain Economy” ETF with the SEC on Jan. 15, per a now-deleted post by its digital assets head, Matthew Sigel.
VanEck, an asset manager, submitted an application to the US Securities and Exchange Commission for the “Onchain Economy” exchange-traded fund (ETF) on January 15.
This information was disclosed in a social media comment from Matthew Sigel, VanEck’s head of digital assets research, which has since been removed.
Software developers, mining companies, crypto exchanges, infrastructure builders, payment firms, and other businesses in the crypto sector are among the crypto firms in which the fund will invest, according to the filing.
The asset manager referred to these as “Digital Transformation Companies,” as stated in the following:
“Digital Transformation Companies are selected based on a combination of fundamental analysis, market trends, the company’s strategic positioning within the digital asset ecosystem, and valuation.”
The fund will also invest in digital asset instruments, such as commodity futures contracts, but it will not directly invest in digital assets by holding crypto.
VanEck’s application is one of the most recent ETF filings in anticipation of the SEC’s new leadership.
Financial Institutions Submit Numerous Applications For Crypto ETFs
Several asset managers and financial firms have filed or updated SEC applications for crypto ETFs in anticipation of a friendlier regulatory climate following the reelection of President-elect Donald Trump in the United States.
In November 2024, Bitwise, a digital asset manager, applied for the 10 Crypto Index Fund ETF.
The index comprises the following cryptocurrencies: Bitcoin, Ether, SOL, XRP, Avalanche’s AVAX, Chainlink’s LINK token, Cardano’s native ADA currency, Bitcoin Cash, Uniswap, and Polkadot.
XRP ETF provider WisdomTree filed for an XRP ETF in December 2024, joining the ranks of 21Shares, Canary Capital, and Bitwise.
Grayscale, a digital asset management firm, also applied for a Solana ETF in December.
The company requested approval from the Securities and Exchange Commission (SEC) to convert its current Grayscale Solana Trust into an exchange-traded fund.
In the same month, REX Financial, an asset manager, introduced the REX Crypto Equity Premium Income ETF.
This ETF employs a covered-call strategy to generate income by writing options against crypto stocks.
Bitwise recently submitted a regulatory filing to the SEC, proposing the listing of the Bitwise Bitcoin Standard Corporations ETF.
This ETF would invest in companies with substantial Bitcoin holdings.