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        <balance>212049.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1217161.26000000</valUSD>
        <pctVal>1.674481547576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARA Holdings Inc</name>
        <lei>549300M8ISKPTX2W7F94</lei>
        <title>MARA Holdings Inc</title>
        <cusip>565788106</cusip>
        <identifiers>
          <isin value="US5657881067"/>
        </identifiers>
        <balance>183434.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2547898.26000000</valUSD>
        <pctVal>3.505212301508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2293100.10000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Strategy Inc</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>Strategy Inc</title>
        <cusip>594972408</cusip>
        <identifiers>
          <isin value="US5949724083"/>
        </identifiers>
        <balance>5566.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>483852.38000000</valUSD>
        <pctVal>0.665648758867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NRG Energy Inc</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy Inc</title>
        <cusip>629377508</cusip>
        <identifiers>
          <isin value="US6293775085"/>
        </identifiers>
        <balance>7015.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1024610.90000000</valUSD>
        <pctVal>1.409584828139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MediaTek Inc</name>
        <lei>254900UEGBK1I4DM4E14</lei>
        <title>MediaTek Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002454006"/>
        </identifiers>
        <balance>3000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.85650000"/>
        <valUSD>408794.04000000</valUSD>
        <pctVal>0.562388977725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK hynix Inc</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK hynix Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
        </identifiers>
        <balance>1004.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.30000000"/>
        <valUSD>1771640.53000000</valUSD>
        <pctVal>2.437293622393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NVIDIA Corp</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA Corp</title>
        <cusip>67066G104</cusip>
        <identifiers>
          <isin value="US67066G1040"/>
        </identifiers>
        <balance>3345.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>669301.05000000</valUSD>
        <pctVal>0.920775491982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Opera Ltd</name>
        <lei>5493001ULS7KDNNZ3W51</lei>
        <title>Opera Ltd</title>
        <cusip>68373M107</cusip>
        <identifiers>
          <isin value="US68373M1071"/>
        </identifiers>
        <balance>35713.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>708188.79000000</valUSD>
        <pctVal>0.974274403915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Electric Power Co Holdings Inc</name>
        <lei>5299004EMJ3R4RVR5Y75</lei>
        <title>Tokyo Electric Power Co Holdings Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3585800000"/>
        </identifiers>
        <balance>121500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>347321.76000000</valUSD>
        <pctVal>0.477819905467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Primoris Services Corp</name>
        <lei>549300UF3OLBJ8D5K349</lei>
        <title>Primoris Services Corp</title>
        <cusip>74164F103</cusip>
        <identifiers>
          <isin value="US74164F1030"/>
        </identifiers>
        <balance>6945.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>688388.40000000</valUSD>
        <pctVal>0.947034473776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Reddit Inc</name>
        <lei>529900APN1YHPBHPI679</lei>
        <title>Reddit Inc</title>
        <cusip>75734B100</cusip>
        <identifiers>
          <isin value="US75734B1008"/>
        </identifiers>
        <balance>4530.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>786317.40000000</valUSD>
        <pctVal>1.081758038238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Riot Platforms Inc</name>
        <lei>5299005LKZAJQDQZDF73</lei>
        <title>Riot Platforms Inc</title>
        <cusip>767292105</cusip>
        <identifiers>
          <isin value="US7672921050"/>
        </identifiers>
        <balance>82137.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2248911.06000000</valUSD>
        <pctVal>3.093887552837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Robinhood Markets Inc</name>
        <lei>213800FS5AO3YWIE6F63</lei>
        <title>Robinhood Markets Inc</title>
        <cusip>770700102</cusip>
        <identifiers>
          <isin value="US7707001027"/>
        </identifiers>
        <balance>7532.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>755308.96000000</valUSD>
        <pctVal>1.039098891661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sea Ltd</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>Sea Ltd</title>
        <cusip>81141R100</cusip>
        <identifiers>
          <isin value="US81141R1005"/>
        </identifiers>
        <balance>7235.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>693330.05000000</valUSD>
        <pctVal>0.953832834857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shopify Inc</name>
        <lei>549300HGQ43STJLLP808</lei>
        <title>Shopify Inc</title>
        <cusip>82509L107</cusip>
        <identifiers>
          <isin value="CA82509L1076"/>
        </identifiers>
        <balance>5344.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>610177.92000000</valUSD>
        <pctVal>0.839438208687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SoFi Technologies Inc</name>
        <lei>549300SW81JCMVZDDY09</lei>
        <title>SoFi Technologies Inc</title>
        <cusip>83406F102</cusip>
        <identifiers>
          <isin value="US83406F1021"/>
        </identifiers>
        <balance>29135.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>522390.55000000</valUSD>
        <pctVal>0.718666757930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Solaris Energy Infrastructure Inc</name>
        <lei>529900MTK3C8Y8TIIC10</lei>
        <title>Solaris Energy Infrastructure Inc</title>
        <cusip>83418M103</cusip>
        <identifiers>
          <isin value="US83418M1036"/>
        </identifiers>
        <balance>16495.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1327187.70000000</valUSD>
        <pctVal>1.825847886269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Block Inc</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>Block Inc</title>
        <cusip>852234103</cusip>
        <identifiers>
          <isin value="US8522341036"/>
        </identifiers>
        <balance>16684.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1267984.00000000</valUSD>
        <pctVal>1.744399760654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Talen Energy Corp</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
        <title>Talen Energy Corp</title>
        <cusip>87422Q109</cusip>
        <identifiers>
          <isin value="US87422Q1094"/>
        </identifiers>
        <balance>2508.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>963724.08000000</valUSD>
        <pctVal>1.325821188980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Terawulf Inc</name>
        <lei>254900CVMW1SX2T78A64</lei>
        <title>Terawulf Inc</title>
        <cusip>88080T104</cusip>
        <identifiers>
          <isin value="US88080T1043"/>
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        <balance>191427.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4728246.90000000</valUSD>
        <pctVal>6.504776685411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>21Shares Hyperliquid ETF</name>
        <lei>N/A</lei>
        <title>21Shares Hyperliquid ETF</title>
        <cusip>90137V108</cusip>
        <identifiers>
          <isin value="US90137V1089"/>
        </identifiers>
        <balance>8740.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>330861.44000000</valUSD>
        <pctVal>0.455174999641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VanEck Bitcoin ETF/US</name>
        <lei>549300TNL4G0U4518067</lei>
        <title>VanEck Bitcoin ETF/US</title>
        <cusip>92189K105</cusip>
        <identifiers>
          <isin value="US92189K1051"/>
        </identifiers>
        <balance>315323.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5237515.03000000</valUSD>
        <pctVal>7.205390576501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VanEck Ethereum ETF</name>
        <lei>N/A</lei>
        <title>VanEck Ethereum ETF</title>
        <cusip>92189L103</cusip>
        <identifiers>
          <isin value="US92189L1035"/>
        </identifiers>
        <balance>24020.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>553661.00000000</valUSD>
        <pctVal>0.761686358726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VanEck Solana ETF</name>
        <lei>254900S14T1MOLQX6C29</lei>
        <title>VanEck Solana ETF</title>
        <cusip>92200B100</cusip>
        <identifiers>
          <isin value="US92200B1008"/>
        </identifiers>
        <balance>36643.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>360142.06000000</valUSD>
        <pctVal>0.495457137681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vertiv Holdings Co</name>
        <lei>549300KTTIRAOGXCRV69</lei>
        <title>Vertiv Holdings Co</title>
        <cusip>92537N108</cusip>
        <identifiers>
          <isin value="US92537N1081"/>
        </identifiers>
        <balance>3075.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1029571.50000000</valUSD>
        <pctVal>1.416409259246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vistra Corp</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>Vistra Corp</title>
        <cusip>92840M102</cusip>
        <identifiers>
          <isin value="US92840M1027"/>
        </identifiers>
        <balance>5588.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>886424.44000000</valUSD>
        <pctVal>1.219477991026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Williams Cos Inc/The</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>Williams Cos Inc/The</title>
        <cusip>969457100</cusip>
        <identifiers>
          <isin value="US9694571004"/>
        </identifiers>
        <balance>11873.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>882638.82000000</valUSD>
        <pctVal>1.214270011571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aker ASA</name>
        <lei>5967007LIEEXZXJ10071</lei>
        <title>Aker ASA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010234552"/>
        </identifiers>
        <balance>9422.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.89550000"/>
        <valUSD>1093068.16000000</valUSD>
        <pctVal>1.503763325627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Global Unichip Corp</name>
        <lei>N/A</lei>
        <title>Global Unichip Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0003443008"/>
        </identifiers>
        <balance>6000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.85650000"/>
        <valUSD>930427.07000000</valUSD>
        <pctVal>1.280013594977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VanEck Quantum Computing UCITS ETF</name>
        <lei>254900ZP8HD9KY877G40</lei>
        <title>VanEck Quantum Computing UCITS ETF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE0007Y8Y157"/>
        </identifiers>
        <balance>24097.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>733090.55000000</valUSD>
        <pctVal>1.008532426243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Raspberry PI Holdings PLC</name>
        <lei>984500F5FB0E4FEBED17</lei>
        <title>Raspberry PI Holdings PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BS3DYQ52"/>
        </identifiers>
        <balance>77288.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>846814.44000000</valUSD>
        <pctVal>1.164985446547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Street Global Advisors</name>
        <lei>5493008BJIBKQ5KTIF74</lei>
        <title>State Street Navigator Securities Lending Government Money Market Portfolio</title>
        <cusip>857509301</cusip>
        <identifiers>
          <isin value="US8575093013"/>
        </identifiers>
        <balance>481819.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>481819.00000000</valUSD>
        <pctVal>0.662851383202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="481819.00000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bitdeer Technologies Group</name>
        <lei>2549007M2KGWVJ9XFP20</lei>
        <title>Bitdeer Technologies Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG114481008"/>
        </identifiers>
        <balance>86590.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1374183.30000000</valUSD>
        <pctVal>1.890500999709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brookfield Renewable Partners LP</name>
        <lei>VA8DFMRI2GY8Y7V79H93</lei>
        <title>Brookfield Renewable Partners LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG162581083"/>
        </identifiers>
        <balance>22291.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>774166.43000000</valUSD>
        <pctVal>1.065041621344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bullish</name>
        <lei>N/A</lei>
        <title>Bullish</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG169101204"/>
        </identifiers>
        <balance>24592.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>576190.56000000</valUSD>
        <pctVal>0.792680881584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dpc Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Dpc Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JE00BPK4NV88"/>
        </identifiers>
        <balance>2000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98120.00000000</valUSD>
        <pctVal>0.134986328309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NU Holdings Ltd/Cayman Islands</name>
        <lei>5493002DG1RHWK9W2X27</lei>
        <title>NU Holdings Ltd/Cayman Islands</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6683N1034"/>
        </identifiers>
        <balance>36900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>492984.00000000</valUSD>
        <pctVal>0.678211374596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Whitefiber Inc</name>
        <lei>254900VTG8XTRF3IQN65</lei>
        <title>Whitefiber Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG961151035"/>
        </identifiers>
        <balance>25699.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>998406.15000000</valUSD>
        <pctVal>1.373534247353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="151553.85000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Innio NV</name>
        <lei>2549000WCDQX6ZM7AW92</lei>
        <title>Innio NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL00150745D9"/>
        </identifiers>
        <balance>24275.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>960076.25000000</valUSD>
        <pctVal>1.320802770941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IREN Ltd</name>
        <lei>254900FZF02RB3NNGB71</lei>
        <title>IREN Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000185993"/>
        </identifiers>
        <balance>63432.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2900745.36000000</valUSD>
        <pctVal>3.990633566119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-29</ncom:dateSigned>
      <ncom:nameOfApplicant>VanEck Funds</ncom:nameOfApplicant>
      <ncom:signature>James Parker</ncom:signature>
      <ncom:signerName>James Parker</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
