On January 15, 2025, asset management firm VanEck filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the "Onchain Economy" exchange-traded fund (ETF). This proposed ETF aims to invest at least 80% of its assets in companies integral to the digital asset ecosystem, referred to as "Digital Transformation Companies." These include cryptocurrency exchanges, payment gateways, mining operations, and infrastructure providers. Cryptocurrency Onchain Economy ETF VanEck's investment strategy emphasizes fundamental analysis, market trends, and each company's role within the digital asset ecosystem. While the fund will not directly hold cryptocurrencies, it plans to invest in digital asset instruments, such as commodity futures contracts, excluding stablecoins. To manage certain digital asset investments, VanEck intends to establish a subsidiary in the Cayman Islands, capping exposure to these investments at 25% of total assets e...