NODE returned +24.8% in April, with NAV per share rising from $32.37 to $40.40 and AUM reaching approximately $63.8 million.
NODE outperformed Bitcoin by roughly 2.05x, with Bitcoin up +12.1% over the same period.
HUT 8 (+57.7%), TeraWulf (+50.6%), and Applied Digital (+44.3%) drove portfolio gains as institutional demand for AI data center capacity reaccelerated.
NODE’s beta to Bitcoin fell from 0.84 at March-end to 0.65 at April-end, the lowest since fund inception.
The shift reflects a deliberate tilt toward AI infrastructure and energy names whose return drivers are largely independent of crypto price action.
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VanEck Onchain Economy ETF (NODE) returned +24.8% in April 2026, the strongest month since launch, as AI compute and energy transition names drove broad-based outperformance.
VanEck Bitcoin ETF (“HODL,” or the “Trust”): An investment in HODL
