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 |