NODE ETF Tumbles 13.5% as AI Stocks Fall Amid Rising Interest Rates

The VanEck Onchain Economy ETF (NODE) saw its value drop by 13.5% in July 2026, largely due to a decline in AI-infrastructure equities and bitcoin mining stocks.

This downturn diverged from the gains seen in the broader cryptocurrency market, with bitcoin and ethereum rising by 7.3% and 18.2%, respectively, during the same period.

NODE's performance was particularly affected by its exposure to high-beta sectors, including data-center operators and bitcoin miners, which are sensitive to interest rates and speculative growth narratives.

The AI-infrastructure buildout remains a structural trend, with major tech firms projected to spend over $745 billion in 2026 alone. However, the sector's short-term prospects are uncertain due to financing and operational challenges.