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Bitwise Crypto Industry Innovators ETF

BITQ
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
May 11 2021
Expense Ratio
0.85%
Type
Global Equities
Fund Owner
Bitwise
Volume (1m avg. daily)
$662,162
AUM
$54,309,070
Associated Index
Bitwise Crypto Innovators 30 Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

GLXY
GALAXY DIGITAL HOLDINGS LTD
10.36%
MSTR
Microstrategy Inc. - Ordinary Shares - Class A
9.58%
COIN
Coinbase Global Inc - Ordinary Shares - Class A
9.00%
BITF
BITFARMS ORD
5.98%
HUT
HUT 8 MINING CORP
5.77%
HIVE
HIVE BLOCKCHAIN TECHNOLOGIES
5.40%
NB2
NORTHERN DATA AG
5.37%
MARA
Marathon Digital Holdings Inc
4.59%
CAN
Canaan Inc - ADR
4.58%
RIOT
Riot Platforms Inc
4.46%
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 GDEF, GJAN, DAPP

BITQExchange Traded Concepts Trust - Bitwise Crypto Industry Innovators ETF
GDEFGoldman Sachs ETF Trust - Goldman Sachs Defensive Equity ETF
Expense Ratio0.55%
Correlation (1yr)1.00
Return (3mo)0.00%
Volume (avg daily 1m)NaN
GJANFirst Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - January
DAPPVanEck ETF Trust - VanEck Digital Transformation ETF
GFOFETF Series Solutions Trust - Grayscale Future of Finance ETF
IBLCiShares Trust - iShares Blockchain and Tech ETF
BKCHGlobal X Funds - Global X Blockchain ETF
SATOInvesco Exchange-Traded Fund Trust II - Invesco Alerian Galaxy Crypto Economy ETF
CRPTFirst Trust Exchange-Traded Fund VIII - First Trust SkyBridge Crypto Industry and Digital Economy ETF
NFTZETF Series Solutions Trust - Defiance Digital Revolution ETF
FDIGFidelity Covington Trust - Fidelity Crypto Industry and Digital Payments 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.

Disclaimers

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We show information directly obtained from our data provider, XigniteData 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 providerInformation 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.