VanEck Onchain Economy ETF Reports Mixed Performance in September 2026
VanEck's September 2026 commentary for its Onchain Economy ETF (NODE) highlights a mixed performance period. The fund's Net Asset Value (NAV) saw a year-to-date increase of 12.78%, though it declined by 3.00% over the past year. Since its inception on May 14, 2025, NODE has delivered a robust 33.48% return. The fund's market price mirrored this trend, with a year-to-date gain of 12.47% and a 1-year dip of 3.36%. Comparatively, the MVIS Global Digital Assets Equity Index (MVDAPP) showed a year-to-date increase of 15.17%, but a sharper 1-year decline of 12.21%.
The fund's portfolio as of September 30, 2026, is diversified across various digital asset-related holdings. Notable allocations include a 16.8% weight in spot Bitcoin ETPs and smaller allocations in spot Ether ETPs (1.6%) and spot Solana ETPs (0.9%). The fund also holds positions in companies like Hut 8 (5.2%), IREN (5.3%), and Solaris Energy Infrastructure (1.6%), among others. The total expense ratio for NODE stands at 0.67%, with Van Eck covering certain expenses until at least May 1, 2027.
VanEck emphasizes that the commentary reflects the author's opinions as of the date and is not a prediction of future performance. The fund's holdings are subject to change, and past performance is not indicative of future results. The commentary includes disclosures regarding the risks associated with investing in the fund, noting that it involves a high degree of volatility and the possibility of significant losses.