Asset Management Company VanEck recently submitted an application for the "Onchain Economy ETF" to the SEC, planning to invest in digital transformation companies and digital asset tools, and is expected not to directly hold cryptocurrencies. A review of several financial institutions competing to submit crypto ETFs may drive crypto assets further into the mainstream market.

(2024 is the harvest year for ETFs, and 2025 will see more crypto ETFs launched)

VanEck's "Onchain Economy ETF" focuses on digital transformation companies

In the early hours of today, VanEck's head of digital asset research, Matthew Sigel, revealed information about the company's new ETF application related to the crypto field in a tweet.

According to the application document from the U.S. Securities and Exchange Commission (SEC), VanEck submitted an application for a fund called "Onchain Economy Exchange Traded Fund," which reportedly will invest at least 80% of its assets in digital transformation companies and digital asset-related tools.

VanEck stated that the fund will invest in a variety of companies covering the crypto industry, including software developers, mining companies, cryptocurrency exchanges, infrastructure providers, and payment processors:

We define these companies as "Digital Transformation Companies," and the selection criteria will be evaluated based on fundamental analysis, market trends, valuations, and the company's strategic positioning in the digital asset ecosystem.

At the same time, the document also mentioned that the fund will not directly hold cryptocurrencies, but will invest in digital asset tools such as commodity futures contracts, indicating that the company intends to indirectly engage in the crypto industry through ETFs and reduce the risks of directly holding cryptocurrencies.

(VanEck 2025 forecast: Crypto moves toward reality, RWA, stablecoins, and AI agents will see significant growth)

Issuers are playing with crypto ETFs, offering diversified investment options

With U.S. President Trump about to take office, the market is expecting a more favorable regulatory environment in the future, and more financial institutions have submitted applications for crypto-related ETFs to the SEC or updated their applications.

(J.P. Morgan: If XRP and Solana ETFs are approved, they may attract $13.6 billion in investments in the first year)

Asset management companies and ETF issuers like VanEck, 21Shares, Bitwise, and WisdomTree have all planned to launch more ETFs based on non-mainstream cryptocurrencies this year, including Solana, XRP, and LTC.

Additionally, in response to increased demand, Franklin's "Crypto Index ETF" and Bitwise's "Bitcoin Standard Corporations ETF" are also good options for investors; the former can indirectly hold Bitcoin and Ethereum at the same time, while the latter can focus on holding companies with large amounts of Bitcoin.

As more companies and investors adopt crypto assets, the advancement and approval of ETFs may become an important catalyst for the growth of the crypto industry, and this also depends on the future attitude and policy direction of regulatory agencies.

This article VanEck submits "Onchain Economy ETF" application, focusing on crypto industry investment first appeared in Chain News ABMedia.