The Bitwise Crypto Industry Innovators ETF (BITQ) is an exchange-traded fund designed to provide exposure to companies operating across the global cryptocurrency and blockchain ecosystem. The ETF is managed by Bitwise Asset Management and trades under the ticker BITQ on the NYSE Arca.

Classified as an equity ETF, the fund invests in companies whose primary businesses are tied to the digital asset industry. 

Its portfolio includes cryptocurrency miners, digital asset exchanges, blockchain infrastructure providers, technology companies, investment managers, and other businesses that derive a significant portion of their revenue from cryptocurrency-related activities.

The ETF follows a passive management strategy and seeks to replicate the performance of the Bitwise Crypto Innovators 30 Index, which consists of companies with substantial involvement in the digital asset economy, selected according to the significance of their operations within the sector.

Diversification and sector exposure

BITQ provides exposure primarily associated with:

• Cryptocurrency-related companies.

• Bitcoin mining.

• Blockchain infrastructure.

• Digital asset exchanges.

• Financial technology.

• Software.

• Financial services.

• Digital asset economy.

The portfolio includes companies from multiple segments of the cryptocurrency industry, providing indirect exposure to the growth of digital assets through publicly traded businesses.

The ETF's performance generally reflects both the operating results of companies within the sector and developments in the cryptocurrency market, as many portfolio holdings generate revenue directly linked to digital asset adoption and pricing.

Structure and costs

BITQ shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, helping keep the ETF's market price aligned with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Dividends received from portfolio holdings, when applicable, may be distributed periodically to shareholders according to the fund's distribution policy.

History and evolution of the ETF

The Bitwise Crypto Industry Innovators ETF was launched in 2021 to provide investors with exposure to the companies driving the growth of the global cryptocurrency and blockchain industry.

Since inception, the fund has tracked the Bitwise Crypto Innovators 30 Index, reflecting the performance of companies whose businesses are closely tied to the expansion of the digital asset economy.

Over time, the ETF has been influenced by cryptocurrency market cycles, the continued development of blockchain infrastructure, increasing institutional adoption, and evolving regulatory frameworks affecting the digital asset industry.

Additional Information

Bitwise Crypto Industry Innovators ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $355.83 million.

Over the past 12 months, Bitwise Crypto Industry Innovators ETF recorded a return of -32.86%, with its price trading between $16.74 and $28.89 during the same period.

The ETF is traded under the ticker BITQ.