Crypto Prime VanEck’s Matthew Sigel: Investing in the Digital Assets Economy
May 15, 2025
Matthew Sigel, Head of Digital Assets Research at VanEck, discusses the launch of the innovative VanEck Onchain Economy ETF (NODE) designed to mitigate investment risk in digital assets. He highlights the intriguing intersection of energy companies and Bitcoin mining, especially in Texas, and what this means for market dynamics. Sigel also examines the evolving regulatory landscape for stablecoins and the potential for sovereign adoption of cryptocurrencies in various nations, showcasing possibilities for future growth in the digital asset economy.
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Balancing Growth And Volatility
- VanEck created NODE to reduce downside volatility while keeping exposure to crypto growth drivers.
- The ETF mixes spot crypto holdings with lower-volatility sectors tied to the on-chain economy.
Target Lower Volatility With Core ETF Holdings
- Position the fund to target lower volatility than pure crypto equities, closer to Bitcoin's volatility.
- Use regulated spot crypto ETFs as a core holding to reduce overall portfolio beta.
Core-And-Satellite Construction
- NODE holds a few mid-weight core names and many small positions to diversify across emerging on-chain stories.
- The portfolio keeps ballast names to sell and redeploy into washouts when opportunities arise.