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About Bitwise Crypto Industry Innovators ETF
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Inception date
May 11, 2021
Structure
Open-Ended Fund
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Finance
Stocks99.83%
Technology Services60.69%
Finance25.53%
Miscellaneous6.29%
Consumer Services3.71%
Retail Trade1.62%
Commercial Services1.30%
Electronic Technology0.68%
Bonds, Cash & Other0.17%
Cash0.17%
Stock breakdown by region
North America77.24%
Asia13.33%
Oceania4.23%
Europe3.12%
Latin America1.63%
Middle East0.45%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BITQ invests in stocks. The fund's major sectors are Technology Services, with 60.69% stocks, and Finance, with 25.53% of the basket. The assets are mostly located in the North America region.
BITQ top holdings are MicroStrategy Incorporated Class A and Coinbase Global, Inc. Class A, occupying 12.17% and 10.08% of the portfolio correspondingly.
BITQ last dividends amounted to 0.15 USD. The year before, the issuer paid 0.18 USD in dividends, which shows a 15.00% decrease.
BITQ assets under management is 202.82 M USD. It's risen 43.01% over the last month.
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.
Yes, BITQ pays dividends to its holders with the dividend yield of 0.84%. The last dividend (Dec 31, 2024) amounted to 0.15 USD. The dividends are paid annually.
BITQ shares are issued by Cottonwood ETF Holdings LLC under the brand Bitwise. The ETF was launched on May 11, 2021, and its management style is Passive.
BITQ expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
BITQ follows the Bitwise Crypto Innovators 30 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BITQ invests in stocks.
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.
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 trades at a premium (1.63%) meaning the ETF is trading at a higher price than the calculated NAV.