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ETFs

Bitwise Crypto Industry Innovators ETF

BITQ
$--
Today’s Change
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Snapshot
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Inception Date
May 11 2021
Expense Ratio
0.85%
Type
Global Equities
Fund Owner
Bitwise
Volume (1m avg. daily)
$698,798
AUM
$72,744,152
Associated Index
Bitwise Crypto Innovators 30 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MSTR
Microstrategy Inc. - Ordinary Shares - Class A
10.37%
COIN
Coinbase Global Inc - Ordinary Shares - Class A
10.27%
MARA
Marathon Digital Holdings Inc
8.16%
NB2
Northern Data AG
6.47%
BTDR
Bitdeer Technologies Holding Co - Ordinary Shares - Class A
4.80%
GLXY
Galaxy Digital Holdings Ltd.
4.72%
APLD
Applied Digital Corporation
4.65%
CAN
Canaan Inc - ADR
4.60%
RIOT
Riot Platforms Inc
4.25%
HUT
Hut 8 Mining Corp
4.09%
Invest with BITQ

What is BITQ?

The Fund invests in securities comprising the Index and in depositary receipts representing securities of the Index. The Index was designed by Bitwise Index Services, LLC (the Index Sponsor ) to measure the performance of companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele (i.e., the crypto ecosystem). Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in securities of Crypto Innovators.

ETFs related toBITQ

ETFs correlated to BITQ include BKCH, FDIG, WGMI

BITQ
Exchange Traded Concepts Trust - Bitwise Crypto Industry Innovators ETF
BKCH
Global X Funds - Global X Blockchain ETF
FDIG
Fidelity Covington Trust - Fidelity Crypto Industry and Digital Payments ETF
WGMI
Valkyrie ETF Trust II - Valkyrie Bitcoin Miners ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
BITX
Volatility Shares Trust - 2x Bitcoin Strategy ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
BITO
ProShares Trust - ProShares Bitcoin Strategy ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

BITQ is a Global Equities ETF. The Fund invests in securities comprising the Index and in depositary receipts representing securities of the Index. The Index was designed by Bitwise Index Services, LLC (the Index Sponsor ) to measure the performance of companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele (i.e., the crypto ecosystem). Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in securities of Crypto Innovators.

BITQ tracks the Bitwise Crypto Innovators 30 Index.

No, BITQ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BITQ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BITQ is -0.0663%. This is the percent change in the value of BITQ over the most recent 1-month period. The 3-month return on BITQ is -0.0956%. This is the percent change in the value of BITQ over the most recent 3-month period.

The standard deviation of BITQ for the past year is 0.6938%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BITQ include PBW, IGF, and ARKK.

ETFs correlated to BITQ include BKCH, FDIG, and WGMI.

ETFs that are inversely correlated to BITQ include BITI, SARK, and HDGE.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.