Newly launched ETF DAPP, plummets nearly 25% in less than four full trading days

VanEck Vectors Digital Transformation ETF (DAPP) plummets in Monday’s midday trading action. DAPP, the newly launched exchange traded fund, is the worst-performing ETF on the day -9.30%.DAPP, which launched last week on April 14th, has tumbled downward out of the gate. Since its early inception DAPP is down -23.40%. DAPP, which indirectly provides exposure to crypto miners of digital assets, digital asset exchanges, payments, services, storage, e-commerce, and much more, has been pulled down with the recent crypto selloff over the weekend.The volatile bitcoin, which just last week touched a record high right below $65,000 is now trading at $55,051.Bitcoin (BTC-USD) is -11.94% since Friday’s close.Ethereum (ETH-USD) is -13.72% since Friday’s close.Bitcoin pares its massive weekend losses as Coinbase starts the week off in the negative.