VanEck Onchain Economy ETF is trading 5.7% up today as information technology and AI-related shares rally on easing geopolitical risk and falling oil prices.
- A tentative U.S.–Iran peace agreement and the reopening of the Strait of Hormuz have driven a broad risk-on move, particularly in growth and AI names.
- Given the fund's heavy tech and crypto-infrastructure tilt, it is moving higher in line with the surging technology sector due to its high correlation to growth assets.