Will the SEC approve VanEck’s entry into the growing digital asset investment space?

On Jan. 15, 2025, asset management company VanEck filed an application with the U.S. Securities and Exchange Commission for the “Onchain Economy” exchange-traded fund. Matthew Sigel, VanEck’s head of digital assets research, disclosed the filing in a now-deleted social media post, revealing the company’s ambitious plans to invest in the rapidly growing digital transformation sector.

The proposed ETF aims to allocate at least 80% of its assets to businesses and products within the digital asset ecosystem. These include software developers, mining firms, cryptocurrency exchanges, infrastructure providers, payment firms, and other crypto-focused companies collectively referred to as “Digital Transformation Companies.”

VanEck outlined a strategic selection process for these investments, emphasizing fundamental research, market trends, valuation, and each company’s role in the broader digital asset ecosystem. While the fund will not directly hold cryptocurrencies, it plans to invest in digital asset products such as commodity futures contracts.

VanEck’s application is part of a broader wave of activity in the ETF market, driven by speculation that the regulatory environment may become more favorable for cryptocurrencies under President Donald Trump’s administration. Bitwise Asset Management applied in November 2024 for its 10 Crypto Index Fund ETF, which tracks leading cryptocur

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Author: Hassan Shafiq