VanEck's Onchain Economy ETF Dips into Opportunity

The VanEck Onchain Economy ETF (NODE) has taken advantage of recent market pullbacks, using dips to increase its positions without triggering any margin calls. Unlike many leveraged crypto products that have faced spectacular implosions in the past few years, NODE operates without leverage.

This deliberate strategy is not new for NODE, which was launched on May 13, 2025. As an actively managed ETF, a team of humans decides when to buy, sell, and rebalance its portfolio. The fund currently holds between 59 and 64 positions, with VanEck's own Bitcoin ETF (HODL) accounting for roughly 10.5% of the portfolio.

NODE has been building positions in crypto mining and AI infrastructure companies, including TeraWulf (WULF), Cipher Mining (CIFR), HUT 8 (HUT), and Applied Digital (APLD). The fund's monthly commentaries reveal a focus on increasing exposure during market pullbacks, which may have set it up nicely for subsequent recoveries.