VanEck Crypto and Blockchain ETF Emerges as Top Performer, According to Morningstar
VanEck Crypto and Blockchain Innovators UCITS ETF, known by its ticker symbol “DAPP,” has proven to be one of the best-performing ETFs in May, as reported by Morningstar Inc.
Despite a volatile market environment, this ETF has delivered impressive returns. With an expense ratio of 0.65%, it has showcased significant performance, attracting the attention and confidence of investors.
The VanEck Crypto and Blockchain Innovators ETF has achieved a remarkable return of 12.26%, surpassing the average gain of 2.59% for equity technology funds. This outstanding performance not only highlights the strength of the ETF’s portfolio but also its strategic focus on the rapidly growing sectors of crypto and blockchain technology.
As a passively managed fund, the success of DAPP reflects the underlying strength and growth potential within the blockchain and crypto industry.
VanEck ETF Shows Remarkable 68.68% Return
Furthermore, the ETF’s performance over the past 12 months solidifies its position in the market. The VanEck Crypto and Blockchain Innovators ETF has achieved an impressive return of 68.68%, significantly outperforming the average fund in its category, which recorded a 20.23% return.
This exceptional performance places the ETF in the second percentile, demonstrating its ability to generate returns compared to its peers. The product is listed on Deutsche Börse AG, the London Stock Exchange, the SIX Swiss Exchange, and the Borsa Italiana.
Launched in April 2021, the VanEck Crypto and Blockchain Innovators ETF provides investors with exposure to companies driving innovation in the crypto and blockchain spaces.
ETF Holdings include Microstrategy, Coinbase, and CleanSpark
The ETF’s portfolio consists of a diversified mix of companies involved in cryptocurrency mining, blockchain technology development, and other related fields. Key holdings include Terawulf at 10.85%, Microstrategy at 6.59%, Coinbase at 6.56%, and CleanSpark at 5.91%.
The ETF aims to capitalize on the adoption and integration of blockchain technology across various industries, reflecting a forward-looking investment strategy.
The returns achieved by the ETF highlight the growing relevance and acceptance of blockchain technology and crypto in the global financial ecosystem. The VanEck Crypto & Blockchain Innovators ETF, with its focused investment approach, is well-positioned to benefit from these trends.
Morningstar’s recognition of DAPP as a top-performing ETF underscores its potential as a valuable component of an investor’s portfolio, particularly for those seeking growth opportunities within the tech space.
CoinShares Data Indicates Outflows in June
According to CoinShares’ digital asset fund flows weekly report, trading volumes for digital asset products remained lower at $11 billion in the second week of June, compared to the weekly average of $22 billion this year.
The majority of outflows, totaling $565 million, were observed in the US. However, negative sentiment was not exclusive to the US, as Canada, Switzerland, and Sweden also experienced outflows of $15 million, $24 million, and $15 million, respectively. Germany, on the other hand, saw inflows of $17 million.
The significant outflows from US spot Bitcoin ETFs have been attributed to a combination of factors, including uncertainty surrounding monetary policy and profit-taking.
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