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VanEck Crypto and Blockchain ETF Ranked Top Performer: Morningstar

Tanzeel Akhtar
Last updated: | 2 min read

VanEck Crypto and Blockchain Innovators UCITS ETF trading under the ticker “DAPP” is one of the top-performing ETFs in May, according to Morningstar Inc.

This ETF has seen pretty impressive returns during a volatile market environment. With an expense ratio of 0.65%, this ETF has demonstrated significant performance, attracting investor attention and confidence.

The VanEck Crypto and Blockchain Innovators ETF delivered a remarkable return of 12.26%, surpassing the average equity technology fund’s gain of 2.59%. This performance not only underscores the ETF’s robust portfolio but also its strategic focus on the burgeoning sectors of crypto and blockchain technology.

As a passively managed fund, DAPP’s success is indicative of the underlying strength and growth potential within the blockchain and crypto industry.

VanEck ETF Sees an Impressive Return of 68.68%

The ETF’s performance over the past 12 months further cements its standing 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 outstanding performance places the ETF in the second percentile, showcasing 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 was designed to provide investors with exposure to companies driving innovation in the crypto and blockchain spaces.

ETF Holdings Include Microstrategy, Coinbase and CleanSpark

The ETF portfolio includes a diversified mix of firms involved in cryptocurrency mining, blockchain technology development, and other related fields. Holdings include Terawulf 10.85%, Microstrategy 6.59%, Coinbase 6.56% and CleanSpark 5.91%.

The ETF aims to capitalize on the adoption and integration of blockchain technology across various industries, reflecting a forward-looking investment strategy.

Returns achieved by the ETF show 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 to leverage the growth opportunities within the tech space.

CoinShares Data Shows Outflows in June

Digital asset product trading volumes remain lower at $11 billion for the second week of June, compared to $22 billion weekly average this year, according to CoinShares digital asset fund flows weekly report.

The US saw most of the outflows totalling $565 million, the negative sentiment was not solely focussed there, with Canada, Switzerland and Sweden seeing outflows of $15 million, $24 million and $15 million respectively. Germany bucked the trend with $17 million in inflows.

The substantial outflows from U.S. spot Bitcoin ETFs have been attributed to a combination of factors such as monetary policy uncertainty and profit-taking.