DAPP vs STBQ

DAPPBVanEck Digital Transformation ETF

STBQCAmplify Stablecoin Technology 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.

STBQ Most crypto-equity funds chase miners or blockchain generalists. STBQ narrows in on stablecoin plumbing: the issuers, payment rails and wallet tech behind digital dollars, plus a sleeve of digital asset ETPs, in one concentrated basket.

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.

STBQ The fund seeks to track the MarketVectorTM Stablecoin Technology Leaders Index, which targets companies involved in stablecoin technology and infrastructure, along with digital asset exchange-traded products.

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.

• STBQ A dedicated stablecoin theme, not a broad crypto grab bag. The index targets companies that issue stablecoins or run the payments, wallets and infrastructure the transactions ride on.amplifyetfs.com
• Two sleeves, one ticker: stablecoin-linked equities alongside digital asset exchange-traded products. The fund itself does not buy tokens directly.amplifyetfs.com
• Concentrated on purpose. Roughly 30 positions from a rules-based screen, so the core stablecoin names carry real weight instead of being diluted by dozens of tangential ones.
• The 0.69% fee lands right at the median for crypto-equity basket funds, so the narrower mandate does not come at a premium price.

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.

• STBQ Broader crypto-equity exposure comes cheaper. BKCH charges 0.50% against this fund's 0.69%, so the tighter theme costs a bit more per year.
• It launched in December 2025, so there is no track record across a full crypto cycle, and trading has been thin since then, which can mean wider bid-ask spreads.
• The ETP sleeve passes crypto price swings straight through, and the fund is non-diversified, so a stumble at one large holding is felt across the portfolio.amplifyetfs.com

Full DAPP profile⁠

Full STBQ profile⁠