VanEck’s DAPP ETF Emerges as Top Performer in Crypto and Blockchain Space: Morningstar
VanEck’s Crypto and Blockchain Innovators UCITS ETF, trading as “DAPP,” has solidified its position as one of the top-performing ETFs in the month of May, according to Morningstar Inc.
Despite market volatility, this ETF has delivered impressive returns attracting investors with its expense ratio of 0.65% and strong performance.
The VanEck Crypto and Blockchain Innovators ETF has outperformed with a remarkable return of 12.26%, surpassing the average equity technology fund gain of 2.59%. This highlights the ETF’s solid portfolio and strategic focus on the growing sectors of crypto and blockchain technology.
As a passively managed fund, DAPP’s success reflects the underlying strength and potential growth of the blockchain and crypto industry.
Impressive Return of 68.68% for VanEck ETF
Over the past 12 months, the VanEck Crypto and Blockchain Innovators ETF has achieved an impressive return of 68.68%, significantly outperforming its peers in the category with a 20.23% return.
Listed on major stock exchanges including Deutsche Börse AG, the London Stock Exchange, the SIX Swiss Exchange, and the Borsa Italiana, this ETF has proven its ability to generate returns compared to its competitors.
Launched in April 2021, the VanEck Crypto and Blockchain Innovators ETF provides exposure to companies driving innovation in the crypto and blockchain sectors.
ETF Holdings Include Industry Leaders
The ETF’s portfolio includes a diverse mix of companies involved in cryptocurrency mining, blockchain technology development, and related fields. Key holdings include Terawulf at 10.85%, Microstrategy at 6.59%, Coinbase at 6.56%, and CleanSpark at 5.91%.
With a focus on capitalizing on blockchain technology adoption across various industries, this ETF reflects a forward-looking investment strategy.
The growing relevance of blockchain technology and crypto in the global financial ecosystem is evident in the returns achieved by the ETF. Positioned to benefit from these trends, the VanEck Crypto & Blockchain Innovators ETF offers a focused investment approach.
Morningstar Recognizes DAPP as Top Performer
Morningstar’s recognition of DAPP as a top-performing ETF highlights its potential as a valuable addition to investors’ portfolios, particularly for those looking to leverage growth opportunities in the tech sector.
CoinShares Data Reveals Outflows in June
According to CoinShares digital asset fund flows weekly report, digital asset product trading volumes remained lower at $11 billion in the second week of June, compared to the $22 billion weekly average this year.
The US saw the most significant outflows totaling $565 million, with negative sentiment also observed in Canada, Switzerland, and Sweden. Germany, however, experienced inflows of $17 million.
The outflows from US spot Bitcoin ETFs have been attributed to factors such as monetary policy uncertainty and profit-taking.