VANECK DIGITAL TRANSFORMATION ETF

SCHEDULE OF INVESTMENTS

June 30, 2022 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 99.9%
Australia: 4.5%
Iris Energy Ltd. (USD) *		211,176	$	707,440
Mawson Infrastructure Group, Inc. (USD) * †		301,134		328,236
				1,035,676
Canada: 13.7%
Bitfarms Ltd. (USD) * †		865,644		969,521
Hive Blockchain Technologies Ltd. (USD) * †		396,682		1,186,079
Hut 8 Mining Corp. (USD) * †		736,802		979,947
				3,135,547
China: 6.3%
BIT Mining Ltd. (ADR) *		250,166		155,128
Canaan, Inc. (ADR) * †		399,023		1,284,854
				1,439,982
Germany: 7.3%
Bitcoin Group SE # *		19,715		543,368
Northern Data AG # *		49,377		1,124,819
				1,668,187
Jersey, Channel Islands: 0.8%
Coinshares International Ltd. (SEK) # * †		60,973		178,656
United Kingdom: 3.9%
Argo Blockchain Plc (ADR) * †		234,618		882,164
United States: 63.4%
Bakkt Holdings, Inc. * †		261,216		548,554
Bit Digital, Inc. * †		298,979		391,662
Block, Inc. *		33,229		2,042,253

	Number of Shares		Value
United States (continued)
Cipher Mining, Inc. * †		234,242	$	320,912
Cleanspark, Inc. * †		206,254		808,516
Coinbase Global, Inc. *		40,699		1,913,667
Core Scientific, Inc. * †		664,208		989,670
Galaxy Digital Holdings Ltd. (CAD) * †		266,569		998,123
Marathon Digital Holdings, Inc. * †		226,986		1,212,105
MicroStrategy, Inc. *		9,825		1,614,248
Riot Blockchain, Inc. * †		353,800		1,482,422
Silvergate Capital Corp. *		29,572		1,582,989
Terawulf, Inc. *		203,748		244,498
Voyager Digital Ltd. (CAD) * †		682,455		306,852
				14,456,471
Total Common Stocks (Cost: $74,507,887)				22,796,683
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 29.4% (Cost: $6,708,119)
Money Market Fund: 29.4%
State Street Navigator Securities Lending Government Money Market Portfolio		6,708,119		6,708,119
Total Investments: 129.3% (Cost: $81,216,006)				29,504,802
Liabilities in excess of other assets: (29.3)%				(6,689,466)
NET ASSETS: 100.0%			$	22,815,336

Definitions:

ADR	American Depositary Receipt
CAD	Canadian Dollar
SEK	Swedish Krona
USD	United States Dollar

Footnotes:

*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $6,617,748.
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $1,846,843 which represents 8.1% of net assets.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Financials		26.7	%	$	6,072,209
Information Technology		73.3			16,724,474
		100.0	%	$	22,796,683

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