NODE
Onchain Economy ETF
VanEck Funds
ETF
Expense ratio1
0.69%
Net assets2
$52.82M
Holdings2
61
Category
US Equity
Return

Investment objective & strategy

As of April 16, 2025 · prospectus

Objective. The Onchain Economy ETF (the Fund) seeks long-term capital appreciation.

Strategy. The Fund seeks to achieve its investment objective by investing at least 80% of its net assets in Digital Transformation Companies and/or Digital Asset Instruments. Digital Transformation Companies include companies (i) that operate digital asset exchanges, operate payment gateways (i.e., a merchant service that authorizes direct payments processing for businesses), engage in and/or assist with the digital asset mining operations, provide software services, equipment and technology, energy or energy infrastructure, data center capacity or other services to digital asset operations, operate digital asset infrastructure businesses, or facilitate commerce with the use of digital assets (these items are collectively referred to herein as digital asset projects) and/or (ii) that own a material amount of digital assets or otherwise generate revenues related … The Fund seeks to achieve its investment objective by investing at least 80% of its net assets in Digital Transformation Companies and/or Digital Asset Instruments. Digital Transformation Companies include companies (i) that operate digital asset exchanges, operate payment gateways (i.e., a merchant service that authorizes direct payments processing for businesses), engage in and/or assist with the digital asset mining operations, provide software services, equipment and technology, energy or energy infrastructure, data center capacity or other services to digital asset operations, operate digital asset infrastructure businesses, or facilitate commerce with the use of digital assets (these items are collectively referred to herein as digital asset projects) and/or (ii) that own a material amount of digital assets or otherwise generate revenues related to digital asset projects. Digital Asset Instruments include commodity futures contracts, exchange-traded commodity linked instruments (including options and options on futures contracts), swaps and exchange-traded pooled investment vehicles that provide exposure to one or more digital assets (and options thereon). The Fund may invest nearly all of its net assets in either Digital Transformation Companies and/or Digital Asset Instruments. The Fund does not invest in digital assets or commodities directly. Digital assets are assets issued and transferred using distributed ledger or blockchain technology. As used herein, digital assets refers to all digital assets, including both digital asset securities (i.e., digital assets that are securities under U.S. securities laws) and crypto assets. Many digital assets and, consequently, many Digital Transformation Companies, rely on blockchain technologies. A blockchain is a peer-to-peer shared, distributed ledger that facilitates the process of recording transactions and tracking assets in a business network. A blockchain stores transaction data in blocks that are linked together to form a chain. As the number of transactions grow, so does the blockchain. Blocks record and confirm the time and sequence of transactions, which are then logged into the blockchain, within a discrete network governed by rules agreed on by the network participants. Although initially associated with digital commodities, it can be used to track tangible, intangible and digital assets and companies in all business sectors. Digital Transformation Companies may include small- and medium-capitalization companies and foreign and emerging market issuers, and the Fund may invest in depositary receipts and securities denominated in foreign currencies. The Adviser employs a fundamental, instrument-specific analysis to assess Digital Transformation Companies and Digital Asset Instruments, to seek to ensure that the Fund maintains its focus on the on-chain economy (also known as the digital asset economy). The Adviser seeks to invest in Digital Transformation Companies that play a critical role in supporting the on-chain economy or that have invested significant capital or effort to profit from increased adoption of digital assets, whether through technology development, financial services, mining, or energy or other infrastructure. Digital Transformation Companies are selected based on a combination of fundamental analysis, market trends, the company's strategic positioning within the digital asset ecosystem, and valuation. For Digital Asset Instruments, the Adviser seeks to target investments that offer exposure to the largest digital assets by market capitalization, excluding stablecoins. The Adviser evaluates instruments such as, but not limited to, exchange-traded products, commodity futures, and structured instruments that provide exposure to the most widely adopted digital assets that are tied to the on-chain economy. Exchange traded products that provide exposure to digital assets tend to do so by investing in the underlying digital currency. The Fund may invest in certain Digital Asset Instruments through a subsidiary (the Subsidiary), an exempted limited company organized under the laws of the Cayman Islands. The Subsidiary is wholly owned and controlled by the Fund and is advised by the Adviser. The Funds investment in the Subsidiary will generally not exceed 25% of the value of the Funds total assets at each quarter-end of the Fund's fiscal year. The Fund's investment in the Subsidiary generally provides the Fund with exposure to Digital Asset Instruments within the limits of the federal tax laws, which limit the ability of investment companies like the Fund to invest directly in such instruments. The Subsidiary has the same investment objective as the Fund and will follow the same general investment policies and restrictions. It may also invest without limit in Digital Asset Instruments. Except as noted, for purposes of this Prospectus, references to the Funds investment strategies and risks include those of its Subsidiary. The Fund complies with the provisions of the Investment Company Act of 1940, as amended (the 1940 Act), governing investment policies (Section 8) and capital structure and leverage (Section 18) on an aggregate basis with the Subsidiary. The Subsidiary will comply with the 1940 Act provisions governing affiliated transactions and custody of assets. The Fund is classified as a non-diversified fund under the 1940 Act, and, therefore, may invest a greater percentage of its assets in a particular issuer. The Fund may engage in active and frequent trading of portfolio holdings.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
VanEck Bitcoin ETF/US HODL $5.88M 11.14%
TERAWULF INC $2.79M 5.29%
FIGURE TECHNOLOGY SOLUTIONS INC A $2.39M 4.52%
CIPHER MINING INC $2.38M 4.51%
IREN LTD IREN $2.32M 4.39%
State Street Navigator Securities Lending Government Money Market Portfolio $2.31M 4.37%
HUT 8 CORP $1.79M 3.39%
APPLIED DIGITAL CORP $1.73M 3.27%
CORE SCIENTIFIC INC $1.70M 3.22%
MARATHON DIGITAL HOLDINGS INC $1.34M 2.55%
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Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
10
Exited
12
Increased
41
Decreased
10
Unchanged
0

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

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Advisers

As of December 31, 2025 · N-CEN
FirmRole
Van Eck Absolute Return Advisers Corporation Adviser

Footnotes

  1. Expense ratio as of July 10, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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