HECOETF / FundState Street(R) Galaxy Hedged Digital Asset Ecosystem ETF
Verdicts genuinely change. Free email alert the moment HECO's does — no target price to set, unlike a price alert.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
State Street(R) Galaxy Hedged Digital Asset Ecosystem ETF ETF · SSGA Active Trust
54 holdings · as of 2026-07-31 (3.4 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 46.03% of portfolio weight is in non-compliant holdings, over the 5% threshold.
54 holdings, 30 matched (90% of weight). Portfolio as of 2026-07-31, filed 2026-09-18. Source: SEC Form N-PORT.
1.78% of this portfolio’s income is non-permissible — weighted across holdings, computed over 84% of portfolio weight (24 of 54 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
38.9% compliant 5.3% questionable 45.9% non-compliant 10.0% unscreened
All holdings (54)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| RIOT Riot Platforms Inc | COMPLIANT | 12.24% | AAOIFI10.7% Usmani26.9% Dow Jones Islamic16.7% S&P Shariah20.0% MSCI Islamic26.9% MSCI Islamic M-Series20.0% FTSE Shariah25.8% |
| KEEL Keel Infrastructure Corp | NON_COMPLIANT | 10.62% | AAOIFI48.4% Usmani73.3% Dow Jones Islamic84.8% S&P Shariah100.6% MSCI Islamic73.2% MSCI Islamic M-Series100.6% FTSE Shariah72.5% |
| CLSK Cleanspark Inc | NON_COMPLIANT | 8.42% | AAOIFI54.6% Usmani65.9% Dow Jones Islamic56.9% S&P Shariah61.3% MSCI Islamic65.9% MSCI Islamic M-Series61.3% FTSE Shariah65.9% |
| Cipher Digital Inc | UNSCREENED | 7.00% | no in-house ratios for this holding |
| MSFT Microsoft Corp | QUESTIONABLE | 5.33% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| NVDA NVIDIA Corp | COMPLIANT | 4.70% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| JPM JPMorgan Chase & Co | NON_COMPLIANT | 4.48% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| APLD Applied Digital Corp | NON_COMPLIANT | 4.43% | AAOIFI1.0% Usmani0.9% Dow Jones Islamic1.1% S&P Shariah1.5% MSCI Islamic0.5% MSCI Islamic M-Series1.5% FTSE Shariah0.0% |
| CRWD Crowdstrike Holdings Inc | COMPLIANT | 3.64% | AAOIFI0.4% Usmani6.8% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic6.8% MSCI Islamic M-Series0.8% FTSE Shariah6.2% |
| WULF Terawulf Inc | NON_COMPLIANT | 3.30% | AAOIFI35.4% Usmani38.9% Dow Jones Islamic65.9% S&P Shariah91.8% MSCI Islamic38.9% MSCI Islamic M-Series91.8% FTSE Shariah38.6% |
| PANW Palo Alto Networks Inc | COMPLIANT | 3.29% | AAOIFI0.3% Usmani1.6% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic1.6% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
| HOOD Robinhood Markets Inc | NON_COMPLIANT | 3.24% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.3% S&P Shariah0.4% MSCI Islamic0.4% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| V Visa Inc | COMPLIANT | 2.38% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| DDOG Datadog Inc | NON_COMPLIANT | 2.37% | AAOIFI1.7% Usmani16.9% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic16.9% MSCI Islamic M-Series2.6% FTSE Shariah13.1% |
| MA Mastercard Inc | COMPLIANT | 2.34% | AAOIFI4.9% Usmani42.7% Dow Jones Islamic37.5% S&P Shariah40.1% MSCI Islamic42.7% MSCI Islamic M-Series40.1% FTSE Shariah42.7% |
| BLK Blackrock Inc | NON_COMPLIANT | 2.25% | AAOIFI7.0% Usmani7.2% Dow Jones Islamic8.1% S&P Shariah8.9% MSCI Islamic7.2% MSCI Islamic M-Series8.9% FTSE Shariah7.2% |
| MU Micron Technology Inc | COMPLIANT | 2.12% | AAOIFI0.6% Usmani6.7% Dow Jones Islamic1.8% S&P Shariah2.4% MSCI Islamic4.8% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| BNY Bank of New York Mellon Corp/The | NON_COMPLIANT | 1.98% | AAOIFI27.2% Usmani5.8% Dow Jones Islamic41.5% S&P Shariah49.3% MSCI Islamic5.8% MSCI Islamic M-Series49.3% FTSE Shariah5.8% |
| MS Morgan Stanley | NON_COMPLIANT | 1.89% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| FPS Forgent Power Solutions Inc | COMPLIANT | 1.80% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| TSM Taiwan Semiconductor Manufacturing Co Ltd | COMPLIANT | 1.75% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| PURR Hyperliquid Strategies Inc | NON_COMPLIANT | 1.55% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| APH Amphenol Corp | NON_COMPLIANT | 1.41% | AAOIFI9.5% Usmani42.0% Dow Jones Islamic13.3% S&P Shariah16.1% MSCI Islamic42.0% MSCI Islamic M-Series16.1% FTSE Shariah42.0% |
| NVT nVent Electric PLC | COMPLIANT | 1.12% | AAOIFI6.2% Usmani22.8% Dow Jones Islamic10.2% S&P Shariah11.5% MSCI Islamic22.8% MSCI Islamic M-Series11.5% FTSE Shariah20.9% |
| LRCX Lam Research Corp | COMPLIANT | 1.07% | AAOIFI1.0% Usmani17.5% Dow Jones Islamic2.1% S&P Shariah2.4% MSCI Islamic17.5% MSCI Islamic M-Series2.4% FTSE Shariah15.8% |
| AMAT Applied Materials Inc | COMPLIANT | 1.06% | AAOIFI1.9% Usmani16.6% Dow Jones Islamic3.4% S&P Shariah3.7% MSCI Islamic16.6% MSCI Islamic M-Series3.7% FTSE Shariah14.8% |
| Core Scientific Inc | UNSCREENED | 1.00% | no in-house ratios for this holding |
| Boost Run Inc | UNSCREENED | 0.91% | no in-house ratios for this holding |
| VRT Vertiv Holdings Co | COMPLIANT | 0.78% | AAOIFI3.2% Usmani19.0% Dow Jones Islamic4.5% S&P Shariah5.7% MSCI Islamic19.0% MSCI Islamic M-Series5.7% FTSE Shariah18.5% |
| POWL Powell Industries Inc | COMPLIANT | 0.71% | AAOIFI0.0% Usmani0.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.2% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| State Street Global Advisors | UNSCREENED | 0.35% | no in-house ratios for this holding |
| Goldman Sachs & Co. LLC | UNSCREENED | 0.16% | no in-house ratios for this holding |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.13% | no in-house ratios for this holding |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.11% | no in-house ratios for this holding |
| BofA Securities, Inc | UNSCREENED | 0.07% | no in-house ratios for this holding |
| MS Morgan Stanley & Co. LLC | NON_COMPLIANT | 0.06% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| Goldman Sachs & Co. LLC | UNSCREENED | 0.05% | no in-house ratios for this holding |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.02% | no in-house ratios for this holding |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Goldman Sachs & Co. LLC | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| MS Morgan Stanley & Co. LLC | NON_COMPLIANT | 0.01% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| Edward A. Viner & Co., Inc. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Goldman Sachs & Co. LLC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Goldman Sachs & Co. LLC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| MS Morgan Stanley & Co. LLC | NON_COMPLIANT | 0.00% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
The published standards disagree about this fund by 15 points of portfolio weight — 46.2% of it passes AAOIFI, 31.3% passes MSCI Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 46.2% ratios fail on 42.4% 11.8% not rated under AAOIFI
ratios pass on 34.1% ratios fail on 45.8% 20.4% not rated under Usmani
ratios pass on 43.9% ratios fail on 44.7% 11.8% not rated under Dow Jones Islamic
ratios pass on 43.9% ratios fail on 44.7% 11.8% not rated under S&P Shariah
ratios pass on 31.3% ratios fail on 50.9% 18.2% not rated under MSCI Islamic
ratios pass on 43.9% ratios fail on 44.7% 11.8% not rated under MSCI Islamic M-Series
ratios pass on 34.2% ratios fail on 47.9% 18.2% not rated under FTSE Shariah
27 of 54 listed holdings carry our own per-methodology verdicts (90% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 26 (89% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| KEEL Keel Infrastructure Corp | 10.62% |
| CLSK Cleanspark Inc | 8.42% |
| JPM JPMorgan Chase & Co | 4.48% |
| APLD Applied Digital Corp | 4.43% |
| WULF Terawulf Inc | 3.30% |
| HOOD Robinhood Markets Inc | 3.24% |
| DDOG Datadog Inc | 2.37% |
| BLK Blackrock Inc | 2.25% |
| BNY Bank of New York Mellon Corp/The | 1.98% |
| MS Morgan Stanley | 1.89% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
State Street(R) Galaxy Hedged Digital Asset Ecosystem ETF (HECO) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for HECO — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 41.30 | NEUTRAL |
| Stochastic %K (14) | 47.98 | NEUTRAL |
| CCI (20) | -54.34 | NEUTRAL |
| Williams %R (14) | -52.02 | NEUTRAL |
| MACD (12,26,9) | 0.22 | BUY |
| ROC (10) | -5.41 | SELL |
| Momentum (10) | -2.78 | SELL |
| EMA (10) | 49.00 | SELL |
| SMA (10) | 49.04 | SELL |
| EMA (20) | 51.17 | SELL |
| SMA (20) | 50.26 | SELL |
| EMA (30) | 53.22 | SELL |
| SMA (30) | 54.05 | SELL |
| EMA (50) | 55.99 | SELL |
| SMA (50) | 58.47 | SELL |
| EMA (100) | 58.01 | SELL |
| SMA (100) | 61.66 | SELL |
| EMA (200) | 54.17 | SELL |
| SMA (200) | 55.92 | SELL |
About State Street(R) Galaxy Hedged Digital Asset Ecosystem ETF
Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes), directly or indirectly, in Digital Asset Ecosystem investments and other instruments that provide exposure to the Digital Asset Ecosystem. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 42 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-11-03 · Asset managers net 928584 (+5135)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.