VanEck Reduces NODE Holdings to 58, Adds INNIO and SoFi

Published on Β· Source: finance.yahoo.com

VanEck Reduces NODE Holdings to 58, Adds INNIO and SoFi

AI Summary

Summarized by AI from the source below

VanEck has reduced its NODE ETF holdings from 64 to 58, incorporating INNIO (INIO) and SoFi (SOFI), while removing certain smaller miners and industrials. The firm noted that the June digital-asset selloff affected NODE, but its resilience came from mining and infrastructure holdings. INNIO began trading on Nasdaq on June 4 at $27.00 per share, offering solutions in energy for AI workloads. This restructuring reflects VanEck's focus on power and compute infrastructure, suggesting a strategic pivot that may influence investor perception in crypto-related equities.

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