The VanEck Onchain Economy ETF, trading under the ticker NODE, has hit an all-time high net asset value of $46.97. That puts the fund’s year-to-date return at approximately 35.5%, a number that should make anyone who dismissed blockchain equity plays as a lesser alternative to holding crypto directly feel a little uncomfortable.
Total net assets in the fund now sit at roughly $81 million. For a product that only launched in May 2025, that trajectory tells a clear story about where institutional and retail appetite is heading.
From launch to record highs in just over a year
NODE debuted on the Cboe exchange on May 13, 2025, with a straightforward thesis: invest in companies building the infrastructure of the on-chain economy rather than buying tokens directly. The fund commits at least 80% of its assets to what VanEck calls “Digital Transformation Companies,” firms focused on blockchain infrastructure and digital asset services.
The holdings read like a who’s-who of the crypto mining and infrastructure sector. TeraWulf, Cipher Mining, and Hut 8 are among the names in the portfolio.
