Important Disclosures

Fund holdings may vary. Visit vaneck.com/node for complete holdings information.

As of 6/30/2026, the Fund’s weightings in the securities discussed in this commentary were: spot bitcoin ETP 7.21%, Cipher Mining (CIFR) 6.24%, IREN (IREN) 3.99%, Figure Technology Solutions (FIGR) 3.95%, Applied Digital (APLD) 3.69%, Solaris Energy Infrastructure (SEI) 1.83%, Circle Internet Group (CRCL) 1.38%, WhiteFiber (WYFI) 1.37%, INNIO (INIO) 1.32%, GPGI (GPGI) 1.24%, SoFi Technologies (SOFI) 0.72%, and DPC Holdings (DPC) 0.13%. Holdings are subject to change and should not be considered a recommendation to buy or sell any security.

Quarterly Standardized Performance (6/30/2026)

^* Returns less than one year are not annualized. Past performance is not a guarantee of future results. Not intended as a recommendation to buy or sell any securities named herein.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

Fees - VanEck Onchain Economy ETF (NODE): Total Expense Ratio – 0.67%. Van Eck Absolute Return Advisers Corporation (the “Adviser” or “VEARA”) will pay all expenses of the Fund (inclusive of any Subsidiary (as defined below) expenses), except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least May 1, 2027.

Referenced Holdings and Portfolio Weights (as of 6/30/2026)

Source: VanEck. Portfolio weights as of 6/30/2026. Holdings are subject to change. Not a recommendation to buy or sell any security.

Definitions:

Bitcoin (BTC) is the world’s largest cryptocurrency by market capitalization.

Ethereum (ETH) is a decentralized, open-source blockchain platform and the second-largest cryptocurrency by market capitalization.

S&P 500 Index is a stock market index of 500 of the largest companies listed on stock exchanges in the United States.

The Nasdaq 100 Index is a stock market index that tracks the 100 largest non-financial companies listed on the Nasdaq stock exchange.

The MVIS Global Digital Assets Equity Index (MVDAPP) tracks the performance of companies involved in digital assets, including exchanges, mining, and related financial services, and is used herein as a reference for crypto equity performance.

Ann. Return: Annualized return; the compounded rate of return per year over the period.

Ann. Vol: Annualized volatility; the standard deviation of returns scaled to an annual figure, measuring price fluctuation.

Max DD (Maximum Drawdown): The largest peak-to-trough decline in value over the period.

Best Mo. (Best Month):The highest single-month return recorded during the period.

Worst Mo. (Worst Month): The lowest single-month return recorded during the period.

NAV (Net Asset Value): The per-share value of a fund's assets minus liabilities, calculated at end of day.

Beta: A measure of a portfolio's price sensitivity relative to a benchmark; 1.0 equals the benchmark's movement.

Correlation: A statistical measure of how two assets move in relation to one another, ranging from -1.0 (opposite directions) to 1.0 (the same direction); 0 indicates no linear relationship.

Basis Point (bps): One one-hundredth of one percent (0.01%); 100 basis points equal 1%.

VanEck Onchain Economy ETF (NODE) Disclosures

This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.

The Fund may invest nearly all of its net assets in either Digital Transformation Companies and/or Digital Asset Instruments. The Fund does not invest in digital assets or commodities directly.

An investment in the Fund involves a substantial degree of risk and is not suitable for all investors. Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund’s Shares and the possibility of significant losses. An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Therefore, you should consider carefully various risks before investing in the Fund, each of which could significantly and adversely affect the value of an investment in the Fund.

An investment in the Fund may be subject to risks which include, among others, risks related to investing in digital transformation companies, digital asset instruments, commodities and commodity-linked instruments, subsidiary investment, commodity regulatory (with respect to investments in the subsidiary), tax (with respect to investments in the subsidiary), gap, liquidity, derivatives, regulatory, non-diversified, small- and medium-capitalization companies, depositary receipts, foreign securities, emerging market issuers, high portfolio turnover, market, operational, active management, authorized participant concentration, no guarantee of active trading market, trading issues, fund shares trading, premium/discount risk and liquidity of fund shares, industry concentration, cash transactions, underlying investment vehicle, and affiliated investment vehicle risks, all of which may adversely affect the fund. Emerging market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Small- and medium-capitalization companies may be subject to elevated risks.

Digital asset instruments may be subject to risks associated with investing in digital asset exchange-traded products (“ETPs”), which include the historical extreme volatility of the digital asset and cryptocurrency market, as well as less regulation and thus fewer investor protections, as these ETPs are not investment companies registered under the Investment Company Act of 1940 (“1940 Act”) or commodity pools for the purposes of the Commodity Exchange Act (“CEA”).

The technology relating to digital assets, including blockchain, is new and developing and the risks associated with digital assets may not fully emerge until the technology is widely used. Digital asset technologies are used by companies to optimize their business practices, whether by using the technology within their business or operating business lines involved in the operation of the technology. The cryptographic keys necessary to transact a digital asset may be subject to theft, loss, or destruction, which could adversely affect a company’s business or operations if it were dependent on the digital asset. There may be risks posed by the lack of regulation for digital assets and any future regulatory developments could affect the viability and expansion of the use of digital assets.

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

Additional Disclosures

The S&P 500 Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Van Eck Associates Corporation. Copyright © 2026 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

© Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation.