HECO

SPDR Galaxy Hedged Digital Asset Ecosystem ETF

$40.65

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Galaxy Crypto Index Hedged to USD Index.

Overview

ETF tracking SPDR Galaxy Hedged Digital Asset Ecosystem ETF

Category Emerging Markets

Issuer State Street

Inception Date 2024-09-10

Market Cap $83.7M

Average Volume N/A

Dividend Yield 2.02%

52-Week Range $21.64 - $47.45

VWAP $40.40

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a portfolio of digital assets and digital asset-related companies, with the goal of providing exposure to the broader digital asset ecosystem. The fund's holdings are designed to be hedged against US dollar fluctuations.

✨ Key Features

Provides exposure to a diversified portfolio of digital assets and digital asset-related companies
Aims to hedge currency risk through US dollar hedging
Relatively new fund with limited performance history
Expense ratio of 0.00%

⚠️ Primary Risks

Significant volatility and risk associated with digital asset investments
Potential liquidity issues and wide bid-ask spreads in the digital asset market
Risks related to the developing and unregulated nature of the digital asset ecosystem
Effectiveness of the fund's currency hedging strategy

👤 Best For

This ETF may be suitable for investors with a high risk tolerance who are seeking exposure to the digital asset ecosystem and are comfortable with the heightened volatility and risks associated with this emerging market. Investors should have a long-term investment horizon and understand the speculative nature of this asset class.