BCOR vs DAPP

BCORCGrayscale Bitcoin Adopters ETF

DAPPBVanEck Digital Transformation ETF

In short

BCOR Grayscale's play on the corporate side of crypto: a global index fund holding bitcoin adopter companies rather than miners or the coin itself. Arrived in 2025 at 0.59%, under the typical crypto-equity fee.

DAPP Crypto exposure without the crypto. DAPP holds the equities of the digital-asset economy (exchanges, miners, infrastructure) and by its own mandate never buys a coin, a coin derivative, or an ICO.

Stated mandate

BCOR The Fund seeks to track, before fees and expenses, the performance of the Indxx Bitcoin Adopters Index.

DAPP Before fees and expenses, the Fund seeks to follow the price and yield performance of the MVIS Global Digital Assets Equity Index, which is designed to represent companies participating in digital-asset economies.

Why people hold it

• BCOR Costs 0.59% a year, below the 0.69% median for its crypto-equity peer group, and matches the fee on Grayscale's own miner fund, MNRS.
• Adopters, not diggers. It tracks the Indxx Bitcoin Adopters Index, a global equity basket that carves out a different slice of the trade than miner or blockchain-infrastructure funds.
• Plain vanilla plumbing: a 1940 Act ETF tracking a published index, so the lineup follows a written rulebook instead of a manager's discretion.

• DAPP A clean split of the trade: you own the businesses built around digital assets, while the fund is barred from holding the assets themselves or derivatives on them.usnews.comaaii.com
• 0.52% expense ratio, a shade under the typical global thematic fund, for a rules-based index rather than a manager's hunches.
• One of the more actively traded names in its thematic peer group, which generally means less bid-ask friction on the way in and out.
• Launched in 2021, early to the crypto-equity shelf, and built on VanEck's own MVIS Global Digital Assets Equity Index.

Worth knowing

• BCOR This is a stock fund, not bitcoin. You own operating companies, so business results and equity-market moods ride along with whatever crypto is doing.
• Launched in 2025, so it has none of the multi-year history behind older crypto-equity names like BKCH and BLOK.
• Trading is lighter than at the category's largest funds, which can translate into wider bid-ask spreads.

• DAPP Non-diversified by design and concentrated in miners and exchanges, so a single company's stumble can move the whole fund.usnews.comaaii.com
• These companies live off digital-asset activity, so the ride tends to track the crypto cycle even though no coins are held.
• Not an income holding: nothing was paid out over the past year, so the whole case rests on share prices.

Full BCOR profile⁠

Full DAPP profile⁠