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
$ 442.4 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 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -5.4% | 55.4% | 19.7% | 47.6% | -- | -- | -- | -4.2% |
| Dividend Yield | 0.0% | 0.0% | 0.5% | 1.1% | -- | -- | -- | 1.0% |
| Total Returns | -5.4% | 55.4% | 20.2% | 48.7% | -- | -- | -- | -3.2% | Ann. Volatility | 69.0% | 59.1% | 62.3% | 63.8% | -- | -- | -- | 67.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.89 | 37% |
| MSCI EAFE | 1.63 | 24% |
| MSCI Emg Mkts | 1.63 | 32% |
Liquidity Measures
| Avg. volume (000) | 176 |
| ADV traded (mns) | $4 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.38% |
Technical Indicators
| 30d moving avg. (EMA) | $20.12 |
| Relative strength (RSI) | 53 |
| MACD/Signal | 0.02/-0.18 |
| Bollinger Bands (Upper/Lower) | $22.26/$18.03 |
| Short interest (% of AUM) | 0.9% |
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 | 50.6% | -35 bp | +1.9% |
| IBLC | iShares Blockchain and Tech ETF | 49.3% | -38 bp | +0.6% |
| BKCH | Global X Blockchain ETF | 46.4% | -35 bp | -1.4% |
| MNRS | Grayscale Bitcoin Miners ETF | 40.5% | -26 bp | -0.8% |
| WGMI | Valkyrie Bitcoin Miners ETF | 39.4% | -10 bp | -1.5% |
| BLOK | Amplify Transformational Data Sharing ETF | 37.6% | -10 bp | +2.0% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 31.9% | -46 bp | +0.7% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 25.2% | -24 bp | +0.2% |
| CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 19.9% | 0 bp | +1.9% |
| BCOR | Grayscale Bitcoin Adopters ETF | 19.4% | -26 bp | +3.9% |
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 4/19/2026
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
-1.9%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 585 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% 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
$34.4
PRICE TARGET
+40.1%
UPSIDE