According to Morningstar Inc., the VanEck Crypto and Blockchain Innovators UCITS ETF, trading under the ticker “DAPP,” was one of the top-performing ETFs in May.
This exchange-traded fund (ETF) has generated substantial returns despite the tumultuous market. This exchange-traded fund (ETF) has exhibited noteworthy performance, garnering the attention and confidence of investors, with an expense ratio of 0.65%.
The VanEck Crypto and Blockchain Innovators ETF achieved an extraordinary return of 12.26%, which surpassed the average equity technology fund’s gain of 2.59%. This performance emphasizes the ETF’s strategic focus on the burgeoning sectors of crypto and blockchain technology and its comprehensive portfolio.
The success of DAPP, a passively managed fund, reflects the crypto and blockchain industry’s underlying strength and growth potential.
VanEck ETF Sees an Impressive Return of 68.68%
The ETF’s market position is further solidified by its performance over the past year. VanEck Crypto and Blockchain Innovators ETF has recorded an impressive return of 68.68%, substantially higher than the average fund in its category, which recorded a 20.23% return.
Showcasing its capacity to generate returns compared to its peers, this exceptional performance positions the ETF in the second percentile. The product is listed on the Borsa Italiana, the SIX Swiss Exchange, the London Stock Exchange, and Deutsche Börse AG.
The VanEck Crypto and Blockchain Innovators ETF, introduced in April 2021, was intended to expose investors to companies at the forefront of innovation in the crypto and blockchain sectors.
ETF Holdings Include Microstrategy, Coinbase and CleanSpark
A diverse array of organizations developing blockchain technology, cryptocurrency mining, and other related sectors comprise the ETF portfolio. Terawulf shall comprise 10.85% of the assets, Microstrategy 6.59%, Coinbase 6.56%, and CleanSpark 5.91%.
The ETF’s objective is to leverage blockchain technology’s widespread adoption and incorporation across various industries, thereby demonstrating a forward-thinking investment strategy.
The increasing relevance and acceptance of blockchain technology and crypto in the global financial ecosystem are demonstrated by the returns obtained by the ETF. Due to its concentrated investment strategy, the VanEck Crypto & Blockchain Innovators ETF is well-positioned to capitalize on these trends.
The potential of DAPP to be a valuable component of an investor’s portfolio, particularly for those seeking to capitalize on the growth opportunities within the tech sector, is underscored by Morningstar’s recognition of it as a top-performing ETF.
CoinShares Data Shows Outflows in June
According to the weekly report of CoinShares digital asset fund flows, the trading volumes of digital asset products were $11 billion for the second week of June, which is lower than the $22 billion average for the same period this year.
The United States experienced most of the outflows, totaling $565 million. However, the negative sentiment was not limited to the United States; Canada, Switzerland, and Sweden experienced outflows of $15 million, $24 million, and $15 million, respectively. This trend was defied by Germany, which received $17 million in inflows.
U.S. spot Bitcoin ETFs have experienced substantial outflows attributed to a combination of factors, including profit-taking and monetary policy uncertainty.
