VanEck, a fund manager with over $118 billion in assets, has applied for SEC approval to launch a new ETF called the "Onchain Economy ETF." The proposed fund would invest primarily in digital asset transformation companies and digital asset instruments like crypto ETPs. These companies would include those involved in various aspects of the digital asset ecosystem, such as crypto exchanges, payment gateways, mining operations, and software service providers. The ETF will not directly invest in digital assets but rather gain exposure through these companies and instruments. More details about the ETF are expected to be released soon.



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