Boston Trading Co vs SPFunds
Boston Trading Co and SPFunds both offer investing. This page lines up 20 listed data points side by side, with 13 differences, so you can see exactly where they part ways before you request quotes.
Built from each provider's listed data · provider data last verified Oct 2026
At a glance
- Both are available in all 50 states.
- Boston Trading Co uses Managed digital-asset fund (pooled, accredited-only); SPFunds uses Index-based / Mutual Funds.
- Shariah oversight: Boston Trading Co discloses No Public Review; SPFunds discloses Third-Party Certified.
- HalalWallet Index: Boston Trading Co is not yet graded; SPFunds holds a A-.
- On measurable rows, Boston Trading Co has the better listed value on 1 and SPFunds on 2.
- They differ on 13 of the 20 data points we list for investing.
No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.
Boston Trading Co vs SPFunds: the full side-by-side
20 data points from each provider's published materials, lined up row by row. They differ on 13.
20 of 20 rows
States covered
SameBoston Trading Co: All 50 statesSPFunds: All 50 states
Expense ratio
Boston Trading Co: Not listedSPFunds: 0.55% (SP Funds S&P Global Techno…) · 0.45% (SP Funds S&P 500 Shariah I…) · 0.50% (SP Funds Dow Jones Global…) · 1.31% (SPTAX) / 0.91% (SPTMX) (SP Funds 2030 Target Date…) · 1.32% (SPTBX) / 0.92% (SPTNX) (SP Funds 2040 Target Date…) · 1.33% (SPTCX) / 0.93% (SPTOX) (SP Funds 2050 Target Date…)Management fee
Boston Trading Co: 2% MER + performance fee above benchmark (1%-3% p.a. range across funds)SPFunds: 0.45% (unitary fee to ShariaPortfolio, Inc.) EdgeMinimum investment
Boston Trading Co: US$10,000 (top-ups from US$1,000); accredited / sophisticated investors onlySPFunds: $250 ($50,000 institutional); $25 subsequent Edge
Structure
Boston Trading Co: Managed digital-asset fund (pooled, accredited-only)SPFunds: Index-based / Mutual FundsShariah oversight
Boston Trading Co: No Public ReviewSPFunds: Third-Party CertifiedShariah board / scholar
Boston Trading Co: No Public ReviewSPFunds: third_party_certifiedPublished fatwa / certificate
SameBoston Trading Co: NoSPFunds: NoScreening standard
Boston Trading Co: None - not a Shariah-screened fund (Bostoncoin (BOS) Diversifi…) · Self-declared Shariah screen from the RAFAH prospectus: excludes interest-based platforms; avoids alcohol, gambling, pork and adult entertainment; favours profit/loss-sharing and ethical-finance projects. No named scholar, supervisory board or third-party certificate. (RAFAH Halal Crypto Fund) · Dharmic (Ahimsa / Sattvic) screen per the manager; not a Shariah screen (ASHIRVAD (ASHIR) Dharmic C…) · Halachic (kosher) screen per the manager; not a Shariah screen (OYSHER (OYSH) Kosher Crypt…)SPFunds: S&P Global Technology Shariah screening (SP Funds S&P Global Techno…) · S&P 500 Shariah screening (SP Funds S&P 500 Shariah I…) · Dow Jones Sukuk Total Return Index (SP Funds Dow Jones Global…) · AAOIFI standards via underlying SP Funds ETFs (SP Funds 2030 Target Date…) · S&P Global REIT Shariah screening (SP Funds S&P Global REIT S…) · S&P World Shariah screening (SP Funds S&P World ETF)
Products listed
Boston Trading Co: Bostoncoin (BOS) Diversified Crypto Fund, DARTcoin (DART) Higher-Volatility Crypto Fund, RAFAH Halal Crypto Fund, ASHIRVAD (ASHIR) Dharmic Crypto Fund, OYSHER (OYSH) Kosher Crypto Fund, POLLYcoin AI (POLLY) Lower-Volatility Crypto FundSPFunds: SP Funds S&P Global Technology ETF, SP Funds S&P 500 Shariah Industry Exclusions ETF, SP Funds Dow Jones Global Sukuk ETF, SP Funds 2030 Target Date Fund (SPTAX), SP Funds 2040 Target Date Fund (SPTBX), SP Funds 2050 Target Date Fund (SPTCX) +2 moreBest for
Boston Trading Co: Not for halal-first investors; see RAFAHSPFunds: Halal technology sector exposureProduct types
Boston Trading Co: Crypto FundSPFunds: ETF, Mutual FundTickers
Boston Trading Co: Not listedSPFunds: SPTE, SPUS, SPSK, SPTAX, SPTBX +3 moreHoldings
Boston Trading Co: Live portfolio published at bostontrading.co/portfolio, updated hourly. (Bostoncoin (BOS) Diversifi…) · Live portfolio published at bostontrading.co/dart, updated hourly. (DARTcoin (DART) Higher-Vol…) · Sample allocation (prospectus, May 2025): HalalChain 20%, Islamic Coin 15%, Tezos 15%, Marhaba DeFi 15%, Celo 15%, SolarCoin 10%, ZakatDAO 10%. Illustrative only; no live RAFAH holdings page published. (RAFAH Halal Crypto Fund)SPFunds: ~100 (SP Funds S&P Global Techno…) · ~200 (SP Funds S&P 500 Shariah I…) · ~170 (SP Funds Dow Jones Global…) · 7 (SPSK, SPUS, SPRE, SPWO, SPTE, GLD, cash) (SP Funds 2030 Target Date…) · 6 (SPUS, SPTE, SPWO, SPRE, SPSK, cash) (SP Funds 2040 Target Date…) · ~30 (SP Funds S&P Global REIT S…) · ~400 (SP Funds S&P World ETF)Account types
Boston Trading Co: Individual, 401(k), Roth IRA, Trust, Company +1 moreSPFunds: Individual, IRA, Roth IRA, Employer retirement planFocus
Boston Trading Co: Diversified Crypto Fund (not Shariah-screened) (Bostoncoin (BOS) Diversifi…) · Higher-Volatility Crypto Fund (not Shariah-screened) (DARTcoin (DART) Higher-Vol…) · Managed Halal Crypto Fund (RAFAH Halal Crypto Fund) · Dharmic Crypto Fund (not Shariah-screened) (ASHIRVAD (ASHIR) Dharmic C…) · Kosher Crypto Fund (not Shariah-screened) (OYSHER (OYSH) Kosher Crypt…) · Lower-Volatility AI Crypto Fund (not Shariah-screened) (POLLYcoin AI (POLLY) Lower…)SPFunds: Global Technology (SP Funds S&P Global Techno…) · US Large Growth (SP Funds S&P 500 Shariah I…) · Global Bond (Sukuk) (SP Funds Dow Jones Global…) · Target Date / Retirement (SP Funds 2030 Target Date…) · Global Real Estate (SP Funds S&P Global REIT S…) · Global Large Blend (SP Funds S&P World ETF)
HalalWallet Index grade
Boston Trading Co: Not listedSPFunds: A-Founded
Boston Trading Co: 2016 EdgeSPFunds: 2019Awards
Boston Trading Co: Not listedSPFunds: Morningstar Silver Medalist Rating (rated Aug 31, 2026; published Sep 29, 2026), U.S. News #3 Best Global Bond ETF (ranked Oct 2026; 3rd of 9 evaluated)Assets under management
Boston Trading Co: Not listedSPFunds: $217M (2026-08-04) (SP Funds S&P Global Techno…) · $3.39B (2026-10-07) (SP Funds S&P 500 Shariah I…) · $645M (2026-08-04) (SP Funds Dow Jones Global…) · $6.36M fund total; $3.58M Investor class (2026-10-26) (SP Funds 2030 Target Date…) · $10.17M fund total; $5.36M Investor class (2026-10-26) (SP Funds 2040 Target Date…) · $5.94M fund total (2026-10-26) (SP Funds 2050 Target Date…) · $221M (2026-08-04) (SP Funds S&P Global REIT S…) · $200M (2026-08-04) (SP Funds S&P World ETF)
Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.
Strengths and trade-offs
Boston Trading Co
- Longest track record in the range (since January 2016) across several crypto cycles
- Radical holdings transparency: the live portfolio is public and updated hourly
- Live, hourly-updated holdings page
- Clearly labelled by the manager as the higher-risk option in the range
- The only managed crypto fund we list that publishes a written halal screen (riba, gharar and haram-industry exclusions in the prospectus)
- Not Shariah-screened; no halal claim is made for this fund
- Accredited / sophisticated investors only (US terms: Accredited Investors, Qualified Purchasers or QIBs), with a US$10,000 minimum
- Provider's own US terms state the offerings have not been reviewed or approved by the SEC or CFTC and that regulatory approval is 'in process'; an ADGM (Abu Dhabi) licence application is also pending
- 2% MER plus a performance fee above benchmark is expensive next to halal ETFs charging under 0.70%
- Explicitly higher volatility than the flagship fund
SPFunds
- Focused halal exposure to the global technology sector, not just US names
- Includes non-US leaders like Taiwan Semiconductor via the S&P Global 1200 universe
- Full SP Funds compliance file: accreditation certificate, auditor report, quarterly purification
- Monthly distributions despite the growth mandate
- Largest halal ETF by AUM at $2.9B - deep liquidity and tight spreads
- Single-sector concentration - this amplifies rather than diversifies most halal portfolios' existing tech tilt
- High volatility inherent to a pure technology fund
- Highest purification burden in the family (2.27% of dividends in Q1 2026)
- At $217M it is mid-sized; spreads run wider than SPUS
- US-focused only - pair with an international fund for global coverage
Products behind the numbers
Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.
Boston Trading Co (6)
- Bostoncoin (BOS) Diversified Crypto Fund
- DARTcoin (DART) Higher-Volatility Crypto Fund
- RAFAH Halal Crypto FundDetails
- ASHIRVAD (ASHIR) Dharmic Crypto Fund
- OYSHER (OYSH) Kosher Crypto Fund
- POLLYcoin AI (POLLY) Lower-Volatility Crypto Fund
SPFunds (8)
- SP Funds S&P Global Technology ETF · SPTEDetails
- SP Funds S&P 500 Shariah Industry Exclusions ETF · SPUSDetails
- SP Funds Dow Jones Global Sukuk ETF · SPSKDetails
- SP Funds 2030 Target Date Fund (SPTAX) · SPTAXDetails
- SP Funds 2040 Target Date Fund (SPTBX) · SPTBXDetails
- SP Funds 2050 Target Date Fund (SPTCX) · SPTCXDetails
- SP Funds S&P Global REIT Shariah ETF · SPREDetails
- SP Funds S&P World ETF · SPWODetails
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How do Boston Trading Co and SPFunds compare for investing?
Boston Trading Co and SPFunds both offer investing. This page lines up 20 listed data points side by side, with 13 differences, so you can see exactly where they part ways before you request quotes.
- Both are available in all 50 states.
- Boston Trading Co uses Managed digital-asset fund (pooled, accredited-only); SPFunds uses Index-based / Mutual Funds.
- Shariah oversight: Boston Trading Co discloses No Public Review; SPFunds discloses Third-Party Certified.
Source: HalalWallet (halalwallet.us)
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Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-10-27
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How to use this comparison: Scholars rule; we organize the evidence. HalalWallet is an independent educational comparison platform - by design, we do not issue fatwas or provide financial, legal, or tax advice. We do the research homework so your final checks are quick and personal. Where our role ends and who takes over.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
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