VanEck submits Onchain Economy ETF application to the SEC
According to the filing, the fund will invest 80% or more of its assets in digital transformation companies and digital asset instruments.
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According to the filing, the fund will invest 80% or more of its assets in digital transformation companies and digital asset instruments.
The exchange-traded fund is designed to earn income from writing options against cryptocurrency stocks.
Bitwise’s 10 Crypto Index Fund was launched in November 2017, with the bulk of the index fund comprised of Bitcoin and Ether.
The asset manager is extending its fee waiver until January 2026 for up to $2.5 billion in assets under management.
Another amended filing signals continued progress toward bringing a diversified cryptocurrency index fund to US exchanges.
The United States has only approved ETFs for Bitcoin and Ether, versus some 30 digital asset types in Europe, according to the Financial Times.
It adds to Bitwise’s roster of European staking ETPs. Staking is still prohibited in ETPs listed in the United States.
Some analysts expect Bitcoin’s price to surge following Donald Trump’s Nov. 5 election win.
The ETN will trade on Euronext Amsterdam and Euronext Paris and will be available in 15 countries.
Grayscale Digital Large Cap Fund could be the first US ETF to hold altcoins such as Solana and AVAX if approved.
