VanEck Onchain Economy ETF is trading 1.3% up today as information technology names rebound after a Fed-driven risk-off move pressured growth stocks in the previous session.
- The Federal Reserve maintained interest rates at 3.50%-3.75% but signaled a higher-for-longer stance and ended forward guidance, which weighed on tech valuations yesterday.
- Positive momentum in Nasdaq futures and strength in semiconductor stocks like Intel are supporting the recovery of the ETF’s tech-heavy portfolio in early trading.