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HECO ETF Profile


Family: State Street (SPDR)
Name: SPDR Galaxy Hedged Digital Asset Ecosystem ETF
Inception Date: 9-Sep-2024
Termination Date:
Investment Objective: The SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO) seeks to provide long-term capital appreciation through the selection of companies that stand to benefit from the growing adoption of the blockchain and cryptocurrency industries, as well as cryptocurrency exposures through ETFs and futures, while seeking to manage overall volatility through the incorporation of an option overlay hedge strategy. Galaxy Digital Capital Management (Galaxy) will use its deep understanding of the digital asset ecosystem and expertise in blockchain technology to actively manage the portfolio. HECO is an actively managed solution from a leader in the digital asset economy that enables investors to pursue potential growth from further adoption of digital assets and that incorporates a hedging strategy to help manage downside risks.
Prospectus
Top 10 Holdings
RIOT PLATFORMS INC RIOT 12.8018%
CIPHER MINING INC CIFR 11.2803%
MICRON TECHNOLOGY INC MU 7.2164%
COINBASE GLOBAL INC CLASS A COIN 6.0602%
TAIWAN SEMICONDUCTOR SP ADR TSM 4.8694%
ROBINHOOD MARKETS INC A HOOD 4.3391%
CORE SCIENTIFIC INC CORZ 3.8638%
VERTIV HOLDINGS CO A VRT 3.8530%
CLEANSPARK INC CLSK 3.6807%
IREN LTD IREN 3.1491%
Top 10 Holdings Weight: 61.1%
Number of Holdings: 44
Shares Outstanding: 4,000,000
Total Net Assets: 111,480,000
NAV: 27.93
Net Expense Ratio: 0.90%
Asset Class: Equities (Stocks)
Developed or Emerging: Developed Market Funds
Country: US
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Strategy: Downside Protection
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Market Cap: Broad Market / Multi-Cap
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Is Currency Hedged: No
US or Ex-US: Domestic