VanEck Digital Assets Mining ETF
DAM
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- VanEck Digital Assets Mining ETF (DAM) is an exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the MVIS Global Digital Assets Mining Index (MVISGDAM), a tiered market cap-weighted index tracking the performance of global publicly traded companies involved in digital asset mining activities worldwide. The ETF invests at least 80% of its total assets in component securities of the index, which includes firms deriving at least 50% of revenue from mining cryptocurrencies like Bitcoin or related technologies such as specialized computer hardware and software for blockchain transaction validation; holdings are concentrated in sectors like technology services (approximately 61%), finance (20%), and electronic technology (8%), with top exposures in micro- and small-cap companies across regions including the United States, Canada, Singapore, Germany, and Australia; the fund does not directly invest in digital assets themselves. DAM provides investors with targeted exposure to digital asset miners essential for securing blockchain networks, without direct cryptocurrency holdings, and maintains a net expense ratio of 0.50%. Launched on March 7, 2022, and listed on Nasdaq, the ETF is managed by VanEck, an asset manager headquartered in New York with a history of pioneering investment products since 1955. In a significant operational change, VanEck announced on April 13, 2023, the closure and liquidation of DAM due to factors including poor performance, low liquidity, limited assets under management, and insufficient investor interest; trading ceased after market close on April 24, 2023, with a special distribution on April 21, 2023, followed by a liquidating cash distribution to remaining shareholders around May 1, 2023. Despite this dissolution, recent market data references to DAM persist in some financial platforms as of late 2025, reflecting low-volume trading in residual or delisted shares with assets under management around $2.29 million and a share price near $11.47, though the fund is no longer actively offered or sponsored by VanEck. No major partnerships, new product launches, or strategic expansions were reported for DAM in the last 1-2 years prior to its termination.