Asset manager VanEck filed an application for an "on-chain economy" exchange-traded fund (ETF) with the SEC on January 15, and comments made on social media by Matthew Sigel, head of digital asset research at VanEk, have now been removed.

According to the application, the fund will invest in crypto companies across the industry, including software developers, mining companies, cryptocurrency exchanges, infrastructure builders, payment companies, and other businesses in the crypto space.

Defining these as "digital transformation companies," the asset manager writes:

"The selection of digital transformation companies is based on a combination of fundamental analysis, market trends, the company's strategic positioning in the digital asset ecosystem, and valuation."

The fund will also invest in digital asset instruments such as commodity futures contracts, but will not invest directly in digital assets through cryptocurrency holdings. VanEck's application is one of the latest ETF filings to be made by the SEC's new leadership.

Asset manager VanEck filed an application for an "on-chain economy" exchange-traded fund (ETF) with the SEC on January 15, and comments made on social media by Matthew Sigel, head of digital asset research at VanEk, have now been removed.

According to the application, the fund will invest in crypto companies across the industry, including software developers, mining companies, cryptocurrency exchanges, infrastructure builders, payment companies, and other businesses in the crypto space.

Defining these as "digital transformation companies," the asset manager writes:

"The selection of digital transformation companies is based on a combination of fundamental analysis, market trends, the company's strategic positioning in the digital asset ecosystem, and valuation."

The fund will also invest in digital asset instruments such as commodity futures contracts, but will not invest directly in digital assets through cryptocurrency holdings. VanEck's application is one of the latest ETF filings to be made by the SEC's new leadership.