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Will the SEC approve VanEck’s entry into the growing digital asset investing space?
On January 15, 2025, asset management firm VanEck filed an application with the US Securities and Exchange Commission for the Onchain Economy exchange-traded fund. Matthew Siegel, head of digital asset research at VanEck, revealed the filing in a now-deleted social media post, revealing the company’s ambitious plans to invest in the fast-growing digital transformation sector.
the Proposed ETF It aims to allocate at least 80% of its assets to companies and products within the digital assets ecosystem. This includes software developers, mining companies, cryptocurrency exchanges, infrastructure providers, payment companies, and other cryptocurrency-focused companies that are collectively referred to as “digital transformation companies.”
VanEck has outlined the strategic selection process for these investments, focusing on fundamental research, market trends, valuation, and each company’s role in the broader digital asset ecosystem. While the fund will not hold cryptocurrencies directly, it plans to invest in digital asset products such as commodity futures.
VanEck’s application is part of a broader wave of activity in… European Training Foundation The market, driven by speculation that the regulatory environment may become more favorable for cryptocurrencies under the administration of President Donald Trump. Bitwise Asset Management It was implemented in November 2024 for the No. 10 Cryptocurrency Index ETF, which tracks leading cryptocurrencies such as Bitcoin (Bitcoin), Ethereum (Ethereum), and Solana (Sol).
In December of last year, Tree of wisdom It joins 21Shares, Canary Capital and Bitwise in filing for ETFs focused on specific digital assets such as XRP (XRP). Grayscale investments It also petitioned the Securities and Exchange Commission to convert the existing Solana Trust into an ETF, while REX Financial launched the REX Crypto Equity Premium Income ETF, which uses a covered call strategy to generate income from cryptocurrency-related stocks.
These developments reflect the financial sector’s growing interest in digital assets and expectation of regulatory clarity. As the SEC evaluates these applications, the industry is bracing for a potential shift that could reshape institutional and retail access to cryptocurrency investments.
