NODE
VanEck Onchain Economy ETF
📎 Investment Objective
The VanEck Onchain Economy ETF (NODE) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MVIS Global Onchain Economy Index, which is designed to track the performance of companies involved in the onchain economy.
Overview
ETF tracking VanEck Onchain Economy ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The VanEck Onchain Economy ETF (NODE) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MVIS Global Onchain Economy Index, which is designed to track the performance of companies involved in the onchain economy.
🎯 Investment Strategy
The ETF invests in a portfolio of companies that are engaged in activities related to the onchain economy, such as blockchain technology, cryptocurrency, and decentralized finance (DeFi). The fund seeks to replicate the performance of the underlying index by holding the same securities in similar weightings.
✨ Key Features
- Exposure to companies involved in the onchain economy, including blockchain, cryptocurrency, and DeFi
- Passively managed fund that seeks to track the performance of the MVIS Global Onchain Economy Index
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Volatility risk: The onchain economy is a rapidly evolving and volatile sector, which may lead to significant price fluctuations in the underlying securities
- Concentration risk: The fund is concentrated in the onchain economy sector, which may be more susceptible to market conditions affecting that industry
- Regulatory risk: Changes in government regulations or policies related to cryptocurrencies and blockchain technology could adversely impact the fund's performance
- Liquidity risk: Some of the underlying securities may have limited trading volume, which could affect the fund's ability to buy or sell positions
👤 Best For
The VanEck Onchain Economy ETF may be suitable for investors with a high-risk tolerance who are seeking exposure to the emerging onchain economy sector as part of a diversified portfolio. Investors should be prepared for potentially significant volatility and be willing to hold the investment for the long term.