VANECK SUBMITS ONCHAIN ECONOMY ETF APPLICATION TO THE SEC

Summary from the TLDR Crypto newsletter

VanEck has filed for an "Onchain Economy" ETF with the SEC, aiming to invest 80% of its assets in companies and instruments tied to digital transformation, such as crypto software developers, exchanges, and infrastructure builders. The ETF won't hold cryptocurrencies directly but reflects a growing wave of financial firms seeking SEC approval for crypto-linked ETFs.