VANECK DIGITAL TRANSFORMATION ETF

SCHEDULE OF INVESTMENTS

June 30, 2023 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 98.1%
Australia: 4.5%
Iris Energy Ltd. (USD) *		442,806	$	2,063,476
Bermuda: 5.3%
Hive Blockchain Technologies Ltd. (USD) * †		522,318		2,418,332
Canada: 11.1%
Bitfarms Ltd. (USD) *		1,431,713		2,104,618
Hut 8 Mining Corp. (USD) *		898,217		2,964,116
				5,068,734
China: 4.0%
BC Technology Group Ltd. (HKD) *		290,500		61,535
Canaan, Inc. (ADR) * †		830,832		1,769,672
				1,831,207
Germany: 6.3%
Bitcoin Group SE		42,722		1,060,845
Northern Data AG * †		75,147		1,840,128
				2,900,973
Singapore: 5.7%
Bitdeer Technologies Group A (USD) * †		230,615		2,582,888
United States: 61.2%
Applied Digital Corp. *		221,499		2,071,016
Bakkt Holdings, Inc. * †		791,938		974,084
Bit Digital, Inc. * †		568,617		2,308,585
Block, Inc. *		43,036		2,864,907

	Number of Shares		Value
United States (continued)
Cipher Mining, Inc. * †		544,154	$	1,556,280
Cleanspark, Inc. *		407,308		1,747,351
Coinbase Global, Inc. *		53,148		3,802,740
Galaxy Digital Holdings Ltd. (CAD) * †		451,350		1,954,457
Marathon Digital Holdings, Inc. *		222,352		3,081,800
MicroStrategy, Inc. *		8,513		2,915,021
Riot Platforms, Inc. *		220,553		2,606,936
Terawulf, Inc. *		1,121,347		1,962,357
				27,845,534
Total Common Stocks (Cost: $38,596,364)				44,711,144
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 14.1%
Money Market Fund: 14.1% (Cost: $6,426,093)
State Street Navigator Securities Lending Government Money Market Portfolio		6,426,093		6,426,093
Total Investments: 112.2% (Cost: $45,022,457)				51,137,237
Liabilities in excess of other assets: (12.2)%				(5,559,259)
NET ASSETS: 100.0%			$	45,577,978

Definitions:

ADR	American Depositary Receipt
CAD	Canadian Dollar
HKD	Hong Kong Dollar
USD	United States Dollar

Footnotes:

*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $8,391,134.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Information Technology		76.0	%	$	33,992,577
Financials		24.0			10,718,567
		100.0	%	$	44,711,144

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