VanEck Digital Assets Mining ETF (DAM)
| Assets | $1.15M |
| Expense Ratio | 0.50% |
| PE Ratio | 4.04 |
| Shares Out | 100,000 |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| Payout Ratio | n/a |
| 1-Year Return | n/a |
| Volume | 1,977 |
| Open | 11.22 |
| Previous Close | 11.51 |
| Day's Range | 11.22 - 11.39 |
| 52-Week Low | 5.47 |
| 52-Week High | 46.05 |
| Beta | 4.43 |
| Holdings | 22 |
| Inception Date | Mar 7, 2022 |
About DAM
The VanEck Digital Assets Mining ETF (DAM) is an exchange-traded fund that is based on the MVIS Global Digital Assets Mining index. The fund tracks a tiered market cap-weighted index of global digital companies with diverse exposure to the crypto asset mining industry. DAM was launched on Mar 7, 2022 and is managed by VanEck.
Top 10 Holdings
73.75% of assets| Name | Symbol | Weight |
|---|---|---|
| Hut 8 Mining Corp | HUT.TO | 9.43% |
| Riot Blockchain, Inc. | RIOT | 9.17% |
| HIVE Blockchain Technologies Ltd | HIVE.V | 8.96% |
| CleanSpark, Inc. | CLSK | 8.26% |
| Canaan Inc. | CAN | 7.16% |
| Marathon Digital Holdings, Inc. | MARA | 7.05% |
| Cipher Mining Inc. | CIFR | 6.40% |
| Bit Digital, Inc. | BTBT | 5.88% |
| Bitfarms Ltd | BITF.TO | 5.87% |
| Applied Blockchain, Inc. | APLD | 5.56% |
News
5 Technology ETFs Sizzling at the Start of 2023
The technology sector had its best January in decades driven by the bets that the Fed might slow down the rate hike plan.
Regulatory Climate Forcing Firms to Reconsider Crypto IPOs
Crypto prices are rebounding to start 2023, perhaps giving rise to a thaw in the crypto winters, but there's still a corner of the market that's ice cold: Initial public offerings (IPOs) by companies ...
Crypto Miners Dig Themselves Out of 2022 Rut
Out of the entire ETF universe, the best performing ETFs YTD so far are crypto ETFs—more specifically crypto miners following weak performance in late 2022. The Valkyrie Bitcoin Miners ETF (WGMI) topp...
Crypto Winter Starting to Thaw?
Last year's crypto winter was a harsh one for the world of digital assets, with the FTX affair the cherry on top. Bitcoin almost reached $48,000 per coin at its highest point last spring before careen...
Best ETF Areas of Last Week
Wall Street was pretty upbeat last week due to cooling inflation.
Cyptocurrency ETFs Won in Nasdaq's Best Week Since November
Bitcoin prices jumped last week and gained on Saturday around $21, 000 for first time in over two months.
5 Tech ETFs Riding High on Sectors' Comeback to Start 2023
The technology-heavy Nasdaq Composite Index rallied 2.6% in the initial days of the year, outperforming the other major indices.
Bitcoin Mining Stocks Could Start 2023 Rough Before Rebounding
This is sentiment that wary bitcoin and crypto-correlated equity investors probably don't want to hear but definitely need to.
VanEck Announces Yearend Distributions for VanEck Equity ETFs
NEW YORK--(BUSINESS WIRE)--VanEck announced today the following 2022 annual distributions per share for its VanEck® equity exchange-traded funds.
Bitcoin Nadir May Be In, Says Research Firm
A research firm noted in a report out last Friday that the 2023 bottom for bitcoin may already be in. If that forecast proves accurate, it'd be welcome news to crypto bulls everywhere.
VanEck's Crypto Year in Review and 2023 Outlook
In a year of outsized challenges for almost every asset class, crypto assets took some of the largest hits in 2022, and VanEck had plenty to say about it.
Fed Pivot Could Bolster DAM and DAPP
As has been widely documented, the U.S. dollar is likely to wrap up 2022 as one of the best-performing major currencies, thanks to the Federal Reserve's six interest rate hikes for the extended run of...
Maybe a Brazilian Boost for XBTF
Bitcoin prices tumbled this year, but an expanding usage case for the largest cryptocurrency remains a credible catalyst.
For Bitcoin Miners, Profitability Is a Priority
To be sure, plenty of bitcoin miners aren't yet profitable, and this year's slump by the largest digital currency is weighing on efforts by these companies to shed their money-losing ways.
Institutional Case for Bitcoin, Crypto Still in Place
During prior bitcoin bull markets, it was often said that institutional adoption of digital assets was a likely factor. With the largest cryptocurrency and its brethren faltering this year, some marke...
Bitcoin Miners Have Plenty of Motivation to Embrace Renewable Energy
Broadly speaking, the universe of publicly traded bitcoin miners is chock full of relatively young companies. This implies that growing pains are to be expected and opportunities to get things right a...
Bitcoin Star Could Be Reborn in 2023
Bitcoin is enduring a walloping in 2022, making the all-time high of $69,000 notched less than a year ago seem an eternity away. However, some market observers believe the largest cryptocurrency can r...
California Opts Against Potentially Punitive Crypto Bill
Stablecoin controversy coupled with erosion in some dubious cryptocurrencies are among the factors prompting increasing regulatory scrutiny of digital assets in 2022 and are perhaps among the reasons ...
Nasdaq Digital Assets Foray Could Be Long-Term Plus for Asset Class
The recently completed Ethereum merger hasn't yet been an upside catalyst, and with another Federal Reserve rate hike on the way, the near-term outlook for digital currencies could be volatile.
ESG Pressure on Bitcoin Miners Could Benefit Investors
Like any other industry, bitcoin mining isn't free of risk or potential controversy. In fact, despite its relative youth, the bitcoin mining industry has already encountered controversy at the hands o...
Big Name Throws Weight Behind Crypto Evolution
One way for cryptocurrency to gain more credibility as an investable asset class is for more well-known investors and asset management firms to get involved in the space.
End Could Be Near for Bitcoin Miners Bear Market
Though still needing to more than double to reclaim its all-time high, bitcoin posted a strong showing in July, providing some relief to weary crypto investors. That bullishness, albeit modest, provid...
Bitcoin Miners Boost Consumption of Clean Energy
Among the most frequently mentioned criticisms of bitcoin mining is that it is an energy-intensive industry with potentially negative environmental implications. In this day and age of investing, poor...
5 ETFs Up in Double-Digits Post Fed's Fourth Rate Hike
Wall Street rallied on Wednesday following the Fed's fourth consecutive rate hike decision. The tech-heavy Nasdaq Composite Index had its biggest one-day percentage gain in more than two years.