BITQ Profile
BITQ
(Bitwise Crypto Industry Innovators ETF) is an exchange-traded fund
(ETF) managed by Bitwise Asset Management. The ETF seeks to track the
performance of the Bitwise Crypto Industry Innovators Index, which is
a benchmark that tracks the performance of companies involved in the
cryptocurrency and blockchain industry.
The Bitwise Crypto
Industry Innovators Index uses a proprietary methodology to identify
companies that are deemed to be &";innovators&"; in the cryptocurrency and
blockchain industry. The index is composed of companies from a range
of sectors, including technology, financials, and consumer goods.
As of September 2021, the BITQ ETF had total net assets of around
$150 million and was invested in a diversified portfolio of stocks
from the Bitwise Crypto Industry Innovators Index. The fund's top
holdings included companies such as Square, PayPal, and MicroStrategy.
In terms of performance, BITQ has delivered strong returns since
its inception in May 2021, with a return of around 50% as of September
2021. The ETF's focus on companies involved in the cryptocurrency and
blockchain industry may make it a suitable option for investors who
are looking to invest in this emerging sector.
Investors should
keep in mind that like all investments, BITQ carries risks, including
the risk that the underlying Bitwise Crypto Industry Innovators Index
may not perform as expected or that individual companies in the
portfolio may experience declines in their cryptocurrency and
blockchain activities. Additionally, the ETF charges an expense ratio
of 0.85%, which is in line with the average expense ratio for ETFs
that track thematic or innovative investm
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