On January 15, 2025, VanEck, an asset management company, submitted an application to the US Securities and Exchange Commission for their “Onchain Economy” exchange-traded fund.
Announced by Matthew Sigel, VanEck’s head of digital assets research in a now-deleted social media post, the company’s intentions to invest in the rapidly expanding digital transformation industry were revealed.
The proposed ETF’s primary focus is to allocate a minimum of 80% of its assets to various businesses and products within the digital asset ecosystem.
This includes ventures such as software developers, mining companies, cryptocurrency exchanges, infrastructure providers, payment firms, and other crypto-focused enterprises collectively referred to as “Digital Transformation Companies.”
