Bitwise Crypto Industry Innovators ETFBitwise Crypto Industry Innovators ETFBitwise Crypto Industry Innovators ETF

Bitwise Crypto Industry Innovators ETF

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Key stats


Assets under management (AUM)
‪202.82 M‬USD
Fund flows (1Y)
‪29.77 M‬USD
Dividend yield (indicated)
0.84%
Discount/Premium to NAV
1.6%
Shares outstanding
‪11.83 M‬
Expense ratio
0.85%

About Bitwise Crypto Industry Innovators ETF


Issuer
Cottonwood ETF Holdings LLC
Brand
Bitwise
Home page
Inception date
May 11, 2021
Structure
Open-Ended Fund
Index tracked
Bitwise Crypto Innovators 30 Index
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Exchange Traded Concepts LLC
Distributor
SEI Investments Distribution Co.
BITQ does not hold crypto currencies. The fund does offer a pick-and-shovel type approach to crypto investing by tracking an index of 30 crypto companies from around the world, including emerging markets. A group of individuals associated with the fund issuer determines which companies meet the necessary criteria for respective classification in the index. Companies are sorted into two tiers. Tier 1 stocks are considered the Crypto Innovators or pure-play companies that derive more than 75% of their revenue directly in crypto assets. Tier 2 stocks are large-cap firms with diversified business interests that include at least one significant business focused on the crypto economy. The fund selects the 20 largest Tier 1 and 10 largest Tier 2 companies. Tier 1 companies are market-cap-weighted, while Tier 2 firms are weighted equally. The index is reconstituted and rebalanced quarterly.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Digital economy
Strategy
Vanilla
Geography
Global
Weighting scheme
Tiered
Selection criteria
Committee
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Finance
Stock breakdown by region
4%1%77%3%0.5%13%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to BITQ via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BITQ trades at 17.72 USD today, its price has risen 4.07% in the past 24 hours. Track more dynamics on BITQ price chart.
BITQ net asset value is 17.05 today — it's risen 41.97% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BITQ assets under management is ‪202.82 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BITQ price has risen by 49.42% over the last month, and its yearly performance shows a 45.48% increase. See more dynamics on BITQ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 41.97% over the last month, showed a −3.87% decrease in three-month performance and has increased by 49.80% in a year.
BITQ fund flows account for ‪29.77 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BITQ invests in stocks. See more details in our Analysis section.
BITQ expense ratio is 0.85%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BITQ isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BITQ technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BITQ shows the strong buy signal. See more of BITQ technicals for a more comprehensive analysis.
Yes, BITQ pays dividends to its holders with the dividend yield of 0.84%.
BITQ trades at a premium (1.63%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BITQ shares are issued by Cottonwood ETF Holdings LLC
BITQ follows the Bitwise Crypto Innovators 30 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 11, 2021.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.