DAPP vs DECO

DAPPBVanEck Digital Transformation ETF

DECOBState Street Galaxy Digital Asset Ecosystem ETF

In short

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.

DECO State Street handed the keys to Galaxy, a crypto-native manager: DECO actively picks blockchain and mining stocks, then adds cryptocurrency exposure through ETFs and futures. An active hand in a corner of the market full of index trackers.

Stated mandate

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.

DECO The fund seeks long-term capital appreciation by investing in companies expected to benefit from blockchain and cryptocurrency adoption, while also obtaining cryptocurrency exposure through ETFs and futures.

Why people hold it

• 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.

• DECO Actively managed by Galaxy Asset Management, a digital-asset specialist, inside a State Street ETF wrapper. Several blockchain-stock rivals simply track an index.ssga.comnewswire.ca
• Two levers, one ticker: companies positioned around blockchain adoption, plus cryptocurrency exposure taken through ETFs and futures instead of direct coin holdings.ssga.com
• The 0.65% expense ratio sits under the typical fee in its blockchain-equity peer group and under BLOK's 0.70%.
• Stands in the upper tier of the crypto-equity funds we track, helped by a portfolio that has been steadier than the category's wildest names.

Worth knowing

• 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.

• DECO Thinly traded with a small asset base, so trading costs and spreads can run wider than at the category's larger funds.
• A compact book of roughly two dozen names, weighted toward miners and crypto service firms, so single stocks and the crypto cycle both hit hard.ssga.com
• Launched in 2024, so the record is short, and index-tracking BKCH covers the equity side for 0.50%.

Full DAPP profile⁠

Full DECO profile⁠