BITQ
Bitwise Crypto Industry Innovators ETF
BITQ is passively managed to track a modified market-cap-weighted index of global companies supporting a crypto-asset-enabled decentralized economy.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 320.9 M
ASSETS UNDER MGMT
85 bp
EXPENSES
Fund Basics
| Inception date | May 12, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| STRATEGY INC | 12.2 % |
| COINBASE GLOBAL, INC. CLASS A | 10.4 % |
| CIRCLE INTERNET GROUP INC | 9.5 % |
| HYPERLIQUID STRATEGIES | 5.4 % |
| BITMINE IMMERSION TECHNOLOGI | 4.9 % |
| HUT 8 CORP | 3.8 % |
| GALAXY DIGITAL INC-A | 3.7 % |
| CLEANSPARK, INC. | 3.6 % |
| FIGURE TECHNOLOGY SOLUT-CL A | 3.6 % |
| SECURITIZE HOLDINGS INC | 3.6 % |
Constituent Breakdown
| Number of holdings | 38 |
| Herfindahl-Hirschman Index | 539 |
| Wgt avg mkt cap (mns) | $58,220 |
| Large cap (>$10bn) | 59.5% |
| Mid cap ($2-10bn) | 23.0% |
| Small cap (<$2bn) | 3.7% |
| Developed mkts. | 85.7% |
| Emerging mkts. | 3.4% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 83.7 % |
 |
CANADA | 3.8 % |
 |
CHINA | 2.7 % |
 |
SINGAPORE | 1.9 % |
 |
ARGENTINA | 1.6 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 27.3% | 1.2% | 38.0% | 55.9% | 3.2% | -- | -- | 1.6% |
| Dividend Yield | 0.0% | 0.0% | 0.6% | 1.2% | 1.0% | -- | -- | 1.0% |
| Total Returns | 27.3% | 1.2% | 38.5% | 57.1% | 4.3% | -- | -- | 2.6% | Ann. Volatility | 60.4% | 60.8% | 62.0% | 63.1% | 67.4% | -- | -- | 66.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.03 | 42% |
| MSCI EAFE | 2.04 | 28% |
| MSCI Emg Mkts | 1.44 | 36% |
Liquidity Measures
| Avg. volume (000) | 158 |
| ADV traded (mns) | $3 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.33% |
Technical Indicators
| 30d moving avg. (EMA) | $22.40 |
| Relative strength (RSI) | 41 |
| MACD/Signal | -1.33/-1.19 |
| Bollinger Bands (Upper/Lower) | $24.77/$18.67 |
| Short interest (% of AUM) | 0.5% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BITQ |
Expenses vs. BITQ |
ALTAR Score™ vs. BITQ |
|---|---|---|---|---|
| DAPP | VanEck Digital Transformation ETF | 57.6% | -33 bp | +1.6% |
| BKCH | Global X Blockchain ETF | 48.2% | -35 bp | +0.2% |
| BLCK | Corgi Crypto Infrastructure ETF | 47.1% | -50 bp | -0.8% |
| IBLC | iShares Blockchain and Tech ETF | 36.8% | -38 bp | 0.0% |
| BLOK | Amplify Transformational Data Sharing ETF | 31.9% | -15 bp | +1.2% |
| NODE | VanEck Onchain Economy ETF | 30.6% | -18 bp | +2.2% |
| CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 30.3% | 0 bp | +1.6% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 27.8% | -19 bp | -2.2% |
| BCOR | Grayscale Bitcoin Adopters ETF | 27.8% | -26 bp | -0.3% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 26.9% | -46 bp | -0.9% |
Risk and Returns: BITQ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
-1.6%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 746 funds in the Global Equity category with an average
ALTAR Score™ of 4.8% and a standard deviation
of 2.6%. BITQ's ALTAR Score™ is approximately -2.4 standard
deviations above the category average. This places BITQ in the 1st percentile
among funds in the category.
Sell-Side Consensus
$30.53
PRICE TARGET
+69.8%
UPSIDE