Real estate & infrastructure
DAPPVanEckINDEX
VanEck Digital Transformation ETF
$15.85+3.06% vs prior close
13.722552-WK
Price through Oct 28, 2026 · Flows through Oct 27, 2026. Figures use the latest available records, not a live quote. Fund details retrieved Oct 28, 2026. Holdings snapshot retrieved Oct 28, 2026.
The fund normally invests at least 80% of its total assets in securities of Digital Transformation Companies. The index is a global index that tracks the performance of Digital Transformation Companies. The fund will not invest in digital assets (including cryptocurrencies) (i) directly or (ii) indirectly through the use of digital asset derivatives. It also will not invest in initial coin offerings. The fund is non-diversified.
DAPP price
Source: Market tape, daily closes; price return, distributions not reinvested
Table
| Date | DAPP close |
|---|---|
| Sep 28, 2026 | $19.59 |
| Sep 29, 2026 | $19.47 |
| Sep 30, 2026 | $18.96 |
| Oct 1, 2026 | $19.10 |
| Oct 2, 2026 | $19.11 |
| Oct 5, 2026 | $19.11 |
| Oct 6, 2026 | $19.05 |
| Oct 7, 2026 | $18.34 |
| Oct 8, 2026 | $17.54 |
| Oct 9, 2026 | $17.82 |
| Oct 12, 2026 | $17.57 |
| Oct 13, 2026 | $17.35 |
| Oct 14, 2026 | $16.10 |
| Oct 15, 2026 | $16.81 |
| Oct 16, 2026 | $15.58 |
| Oct 19, 2026 | $15.50 |
| Oct 20, 2026 | $15.73 |
| Oct 21, 2026 | $16.34 |
| Oct 22, 2026 | $15.39 |
| Oct 23, 2026 | $15.01 |
| Oct 26, 2026 | $14.82 |
| Oct 27, 2026 | $15.38 |
| Oct 28, 2026 | $15.85 |
Daily net flows, 1M
Net outflow over the range: −$116M
- Inflow / above zero
- Outflow / below zero
Source: Daily creation and redemption records
Show as table
| Label | Value ($) |
|---|---|
| Sep 28 | $0 |
| Sep 29 | $0 |
| Sep 30 | $0 |
| Oct 1 | −$950K |
| Oct 2 | −$12.3M |
| Oct 5 | $0 |
| Oct 6 | −$6.7M |
| Oct 7 | $0 |
| Oct 8 | $7.2M |
| Oct 9 | −$2.3M |
| Oct 12 | $0 |
| Oct 13 | −$14.4M |
| Oct 14 | $0 |
| Oct 15 | −$800K |
| Oct 16 | −$6M |
| Oct 19 | $0 |
| Oct 20 | −$74.4M |
| Oct 21 | $0 |
| Oct 22 | $0 |
| Oct 23 | −$4.5M |
| Oct 26 | −$1.1M |
| Oct 27 | $0 |
The desk’s read
Money is leaving — −$116M in net outflows over the past month, about 48.3% of the fund's asset base, while the price has returned -4.1% so far this year. At 0.51% a year it is not the cheapest way in — SPY has a reported fee of 0.09%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$241Massets under management
0.51%expense ratio · $51 per $10,000 a year
−$116Mnet flow, trailing month
1.1Mavg daily volume, 30 days
25holdings · US-domiciled
2021listed April 15, 2021 · beta 3.35
The book at a glance
CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS THE CHANGE IN THE LATEST AVAILABLE SNAPSHOT · TOP 40 POSITIONS
Holdings
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | XYZBlock | 10.16% | $75.21 | +0.5% | ||
| 2 | COINCOINBASE GLOBAL | 9.89% | $162.32 | +0.8% | ||
| 3 | CRCLCircle Internet Group | 8.13% | $81.71 | +0.2% | ||
| 4 | BMNRBitMine Immersion Technologies | 7.02% | $22.05 | +2.0% | ||
| 5 | MSTRMICROSTRATEGY | 6.41% | $145.16 | +2.7% | ||
| 6 | IRENIRIS ENERGY | 4.93% | $28.84 | +5.1% | ||
| 7 | HUTHUT 8 MINING | 4.89% | $69.46 | +3.1% | ||
| 8 | CORZCORE SCIENTIFIC INC | 4.55% | $15.00 | +5.2% | ||
| 9 | WULFTERAWULF | 4.26% | $13.42 | +6.0% | ||
| 10 | GLXYGalaxy Digital Inc. | 3.80% | $19.09 | +11.1% | ||
| 11 | APLDAPPLIED DIGITAL | 4.00% | $20.39 | +4.5% | ||
| 12 | RIOTRIOT PLATFORMS | 3.86% | $14.45 | +6.6% | ||
| 13 | BLSHBullish | 4.12% | $28.73 | -0.7% | ||
| 14 | CLSKCLEANSPARK | 3.56% | $8.58 | +4.8% | ||
| 15 | BTDRBITDEER TECHNOLOGIES GROUP | 3.50% | $7.92 | +5.0% |
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- Technology Services73.38%
- Financial Services65.8%
- Technology34.2%
- Finance13.63%
- Commercial Services9.25%
- Other8.34%
- Electronic Technology3.64%
- Cash0.1%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| Technology Services | 73.38% |
| Financial Services | 65.8% |
| Technology | 34.2% |
| Finance | 13.63% |
| Commercial Services | 9.25% |
| Other | 8.34% |
| Electronic Technology | 3.64% |
| Cash | 0.1% |
Country weights
- United States72.26%
- Canada9.32%
- Germany7.35%
- Australia3.97%
- United Kingdom3.67%
- China3.56%
- Indonesia3.54%
- Hong Kong3.25%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| United States | 72.26% |
| Canada | 9.32% |
| Germany | 7.35% |
| Australia | 3.97% |
| United Kingdom | 3.67% |
| China | 3.56% |
| Indonesia | 3.54% |
| Hong Kong | 3.25% |
Performance
| 1 week | +3.0% |
| 1 month | -19.1% |
| 3 months | -10.8% |
| 6 months | -17.7% |
| YTD | -4.1% |
| 1 year | -37.0% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | −$6M |
| 1 month | −$116M |
| 3 months | +$72M |
| YTD | −$47M |
| 1 year | +$6M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
- Inflow / above zero
- Outflow / below zero
Source: Daily creation/redemption records, trailing twelve months
Show as table
| Label | Value ($) |
|---|---|
| Nov | $9.1M |
| Dec | $38.3M |
| Jan | $1.9M |
| Feb | −$16.7M |
| Mar | $15.4M |
| Apr | $117.4M |
| May | −$58.6M |
| Jun | −$86.7M |
| Jul | −$91.9M |
| Aug | $100M |
| Sep | $88.6M |
| Oct | −$116.3M |
The risk read
54%realized volatility, 30 days (annualized)
65%realized volatility, 1 year
-45.5%deepest fall from a peak, 1 year
-37.0%latest close versus that peak
The top holding is 10.2% of the book; the top ten carry 65%. Spread across 20+ names, it behaves like roughly 17 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
—calls · latest snapshot
—puts · latest snapshot
—put/call ratio
872Kshares traded
| Most-traded holdings, options premium | Bullish | Bearish |
|---|---|---|
| MSTR MICROSTRATEGY | $35M | $36M |
| IREN IRIS ENERGY | $21M | $18M |
| COIN COINBASE GLOBAL | $18M | $16M |
| RIOT RIOT PLATFORMS | $9M | $12M |
| HUT HUT 8 MINING | $9M | $6M |
TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES
The case against DAPP
Due diligence cuts both ways. These funds sit on the same shelf and beat DAPP on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| BBUS JPMorgan BetaBuilders U.S. Equity ETF | 0.02% | $9.6B | +$187M | -49bp on fee · 40× the assets · +$187M in over the month | Head-to-head |
| SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.04% | $57.9B | +$717M | -47bp on fee · 240× the assets · +$717M in over the month | Head-to-head |
| SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF | 0.03% | $14.2B | +$235M | -48bp on fee · 59× the assets · +$235M in over the month | Head-to-head |
| IUSG iShares Core S&P U.S. Growth ETF | 0.04% | $34.8B | +$148M | -47bp on fee · 144× the assets · +$148M in over the month | Head-to-head |
| IUSV iShares Core S&P U.S. Value ETF | 0.04% | $27.3B | +$223M | -47bp on fee · 113× the assets · +$223M in over the month | Head-to-head |
