VanEck Digital Transformation ETF
DAPP
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 666 Third Avenue New York City NY United States of America
- IPO Date
- Apr 15, 2021
- CIK
- 0001137360
- Website
- vaneck.com
- Similar Companies
- Business
- VanEck Digital Transformation ETF (DAPP) is an exchange-traded fund that seeks to replicate the performance of the MVIS Global Digital Assets Equity Index prior to fees and expenses. The ETF provides diversified exposure to global companies actively involved in digital asset ecosystems, including cryptocurrency exchanges such as Coinbase Global Inc. and Circle Internet Group Inc.; Bitcoin miners and infrastructure providers like Cipher Mining Inc., IREN Ltd., Applied Digital Corp., CleanSpark Inc., and Marathon Digital Holdings Inc.; payment processors and financial services firms including Block Inc. and Galaxy Digital Holdings Ltd.; and other blockchain-related entities such as Hut 8 Corp., Core Scientific Inc., Riot Platforms Inc., and Bitdeer Technologies Group, with top holdings typically comprising over 6% each of net assets and a portfolio emphasizing firms deriving at least 50% of revenue from digital assets. Operating primarily in the information technology (approximately 71%) and financials (26%) sectors, DAPP targets investors seeking equity-based access to the digital transformation economy, with geographic allocations led by the United States (74%), followed by Australia, Canada, the United Kingdom, Japan, and others. Launched on April 12, 2021, and headquartered in New York as part of VanEck ETF Trust sponsored by VanEck, the fund manages approximately $345 million in assets under management as of December 16, 2025, with an expense ratio of 0.51%. In recent developments, the underlying MVIS Global Digital Assets Equity Index underwent construction rule changes effective December 16, 2022, refining eligibility criteria for constituent companies to better capture digital asset economy participants. The ETF's assets have grown substantially amid cryptocurrency market volatility and policy shifts, surpassing $100 million in AUM by late 2023 and reaching $345 million by December 2025, fueled by strong year-to-date performance of 18.51% and heightened interest under the crypto-friendly Trump administration reelected in 2024. VanEck, the ETF's sponsor, expanded its digital assets offerings with launches including a spot Bitcoin ETP in January 2024, spot Ethereum ETP in July 2024, the actively managed Onchain Economy ETF (NODE) in May 2025, and a Solana ETF (VSOL) in late 2025 featuring initial zero fees on the first $1 billion in assets, enhancing the firm's overall crypto-linked portfolio approaching $1 billion globally. These initiatives reflect VanEck's strategic push into broader blockchain and on-chain economy exposures alongside DAPP's passive index-tracking approach.