Binance and the Rise of Crypto Stock ETFs: VanEck’s NODE ETF Gains SEC Approval

VanEck has secured SEC approval for its actively-managed Onchain Economy ETF (NODE), which will track a diverse range of crypto-related stocks, including exchanges like Binance, miners, and infrastructure providers. This marks a significant step in bridging traditional finance with the digital asset economy.

VanEck to Launch Crypto Stock Tracking ETF

VanEck has received approval from the U.S. Securities and Exchange Commission (SEC) to bring an actively-managed exchange-traded fund (ETF) tracking digital asset stocks to the market. The VanEck Onchain Economy ETF (NODE) will aim to hold 30-60 stocks, including those of crypto exchanges, miners, data centers, energy infrastructure, semiconductors, hardware, TradFi rails, consumer/gaming, asset managers, and balance sheet HOLDERS. Up to 25% of NODE’s exposure will be in crypto exchange-traded-products (ETPs). The management fee will be 0.69%. The fund is expected to start trading on May 1.

Binance Tightens Rules for South African Users

Binance has announced new compliance rules for its South African users starting April 30. The changes require both sender and receiver information for all crypto deposits and withdrawals, aligning with local regulatory demands. This update is part of Binance’s ongoing efforts to strengthen transparency and meet government guidelines.