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
$ 423.9 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
| IRIS ENERGY LTD. | 8.8 % |
| COINBASE GLOBAL, INC. CLASS A | 5.4 % |
| APPLIED BLOCKCHAIN INC | 4.9 % |
| HUT 8 CORP | 4.7 % |
| CIPHER MINING INC | 4.3 % |
| GALAXY DIGITAL INC ORDINARY SHARES - CLA | 3.7 % |
| CIRCLE INTERNET GROUP INC | 3.7 % |
| TERAWULF INC. | 3.6 % |
| STRATEGY INC | 3.6 % |
| CORE SCIENTIFIC, INC. | 3.2 % |
Constituent Breakdown
| Number of holdings | 37 |
| Herfindahl-Hirschman Index | 285 |
| Wgt avg mkt cap (mns) | $27,428 |
| Large cap (>$10bn) | 20.3% |
| Mid cap ($2-10bn) | 37.3% |
| Small cap (<$2bn) | 1.7% |
| Developed mkts. | 64.0% |
| Emerging mkts. | 2.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 47.4 % |
 |
AUSTRALIA | 8.8 % |
 |
CANADA | 4.7 % |
 |
SINGAPORE | 1.2 % |
 |
CAYMAN ISLANDS | 1.2 % |
 |
ARGENTINA | 1.0 % |
 |
CHINA | 1.0 % |
 |
GERMANY | 0.7 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -1.4% | 30.9% | 30.5% | 54.4% | -- | -- | -- | -3.4% |
| Dividend Yield | 0.0% | 0.0% | 0.6% | 1.2% | -- | -- | -- | 1.0% |
| Total Returns | -1.4% | 30.9% | 31.1% | 55.6% | -- | -- | -- | -2.4% | Ann. Volatility | 73.2% | 60.5% | 62.9% | 64.3% | -- | -- | -- | 67.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.95 | 39% |
| MSCI EAFE | 1.82 | 25% |
| MSCI Emg Mkts | 1.92 | 33% |
Liquidity Measures
| Avg. volume (000) | 245 |
| ADV traded (mns) | $5 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.30% |
Technical Indicators
| 30d moving avg. (EMA) | $20.37 |
| Relative strength (RSI) | 45 |
| MACD/Signal | -0.48/-0.67 |
| Bollinger Bands (Upper/Lower) | $21.37/$17.64 |
| Short interest (% of AUM) | 0.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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 | 51.5% | -35 bp | +2.0% |
| BKCH | Global X Blockchain ETF | 46.5% | -35 bp | -1.7% |
| IBLC | iShares Blockchain and Tech ETF | 44.9% | -38 bp | +0.6% |
| MNRS | Grayscale Bitcoin Miners ETF | 40.5% | -26 bp | -1.1% |
| WGMI | Valkyrie Bitcoin Miners ETF | 39.8% | -10 bp | -1.9% |
| BLOK | Amplify Transformational Data Sharing ETF | 35.7% | -10 bp | +2.2% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 31.9% | -46 bp | +0.7% |
| BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 27.2% | -17 bp | +2.8% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 25.2% | -24 bp | +0.3% |
| BLKC | Invesco Alerian Galaxy Blockchain Users and Decentralized Co | 19.0% | -24 bp | +3.0% |
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 3/5/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
-2.0%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 569 funds in the Global Equity category with an average
ALTAR Score™ of 4.5% and a standard deviation
of 2.6%. BITQ's ALTAR Score™ is approximately -2.5 standard
deviations above the category average. This places BITQ in the 1st percentile
among funds in the category.
Sell-Side Consensus
$33.43
PRICE TARGET
+57.7%
UPSIDE