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BITQ - Bitwise Crypto Industry Innovators ETF

Expense Ratio: 0.85%

BITQ ETF Stock Chart

BITQ Profile

Bitwise Crypto Industry Innovators ETF logo

BITQ (Bitwise Crypto Industry Innovators ETF) is an exchange-traded fund (ETF) managed by Bitwise Asset Management. The ETF seeks to track the performance of the Bitwise Crypto Industry Innovators Index, which is a benchmark that tracks the performance of companies involved in the cryptocurrency and blockchain industry.

The Bitwise Crypto Industry Innovators Index uses a proprietary methodology to identify companies that are deemed to be &";innovators&"; in the cryptocurrency and blockchain industry. The index is composed of companies from a range of sectors, including technology, financials, and consumer goods.

As of September 2021, the BITQ ETF had total net assets of around $150 million and was invested in a diversified portfolio of stocks from the Bitwise Crypto Industry Innovators Index. The fund's top holdings included companies such as Square, PayPal, and MicroStrategy.

In terms of performance, BITQ has delivered strong returns since its inception in May 2021, with a return of around 50% as of September 2021. The ETF's focus on companies involved in the cryptocurrency and blockchain industry may make it a suitable option for investors who are looking to invest in this emerging sector.

Investors should keep in mind that like all investments, BITQ carries risks, including the risk that the underlying Bitwise Crypto Industry Innovators Index may not perform as expected or that individual companies in the portfolio may experience declines in their cryptocurrency and blockchain activities. Additionally, the ETF charges an expense ratio of 0.85%, which is in line with the average expense ratio for ETFs that track thematic or innovative investm


 

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