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BITQ - ETF AI Analysis
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Bitwise Crypto Industry Innovators ETF (BITQ)
Rating:62Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered impressive year-to-date returns, indicating strong momentum in the crypto-related sector.
Focused Exposure to Growth Sectors
The fund is heavily weighted in financial and technology sectors, which are key drivers of innovation and growth.
Healthy Asset Base
With over $500 million in assets under management, the ETF has a solid investor base and liquidity.
Negative Factors
High Expense Ratio
The ETF charges a relatively high expense ratio, which could eat into investor returns over time.
Over-Concentration in Top Holdings
The top holdings make up a significant portion of the portfolio, increasing risk if these companies underperform.
Limited Geographic Diversification
The ETF is heavily focused on U.S. companies, offering minimal exposure to international markets.
BITQ vs. SPDR S&P 500 ETF (SPY)
AUM385.69M
RegionGlobal
Expense Ratio0.85%
Beta2.14
IssuerBitwise
Inception DateMay 11, 2021
Dividend Yield0.71%
Asset ClassEquity
Index TrackedBitwise Crypto Innovators 30 Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume151,319
30 Day Avg. Volume240,522
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
37.82Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering31
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BITQ Summary
The Bitwise Crypto Industry Innovators ETF (BITQ) is an investment fund that focuses on companies driving innovation in cryptocurrency and blockchain technology. It follows the Bitwise Crypto Innovators 30 Index and includes well-known names like Coinbase Global and Riot Platforms. This ETF is ideal for investors interested in the growth potential of the digital economy and the future of finance. However, it’s important to know that BITQ is heavily tied to the cryptocurrency market, which can be very volatile, meaning its value can rise and fall quickly.
How much will it cost me?The Bitwise Crypto Industry Innovators ETF (BITQ) has an expense ratio of 0.85%, meaning you’ll pay $8.50 per year for every $1,000 invested. This is higher than average because BITQ is actively managed to focus on the niche and rapidly evolving cryptocurrency and blockchain sector, which requires more specialized research and management.
What would affect this ETF?BITQ’s focus on cryptocurrency and blockchain innovation positions it to benefit from growing adoption of digital assets and advancements in blockchain technology, which could drive demand for its top holdings like Coinbase and Riot Platforms. However, regulatory changes or increased scrutiny on cryptocurrencies globally, along with potential volatility in the crypto market, could negatively impact the ETF’s performance. Additionally, broader economic conditions, such as interest rate hikes, may affect investor sentiment toward technology and financial sectors.
BITQ Top 10 Holdings
The Bitwise Crypto Industry Innovators ETF (BITQ) is heavily concentrated in the cryptocurrency and blockchain sectors, with a global mix of holdings. Applied Digital Corporation and Cipher Mining are rising stars, showing strong momentum thanks to strategic growth initiatives and bullish technical trends. Hut 8 and TeraWulf Inc. are steady performers, though financial challenges weigh on their outlook. Meanwhile, Coinbase and MicroStrategy are lagging, with bearish technical indicators and cash flow concerns dragging the fund’s performance. Overall, BITQ’s focus on crypto innovators makes it a high-risk, high-reward play for forward-thinking investors.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Circle Internet Group, Inc. Class A | 10.26% | $38.86M | $19.48B | ― | 64 Neutral | |
| Coinbase Global | 9.54% | $36.12M | $65.34B | -13.35% | 68 Neutral | |
| Strategy | 9.36% | $35.47M | $45.37B | -55.92% | 55 Neutral | |
| Hut 8 | 5.47% | $20.71M | C$7.76B | 104.93% | 56 Neutral | |
| IREN | 4.99% | $18.92M | $13.78B | 256.22% | 64 Neutral | |
| Riot Platforms | 4.37% | $16.56M | $5.08B | 17.14% | 68 Neutral | |
| Core Scientific Inc | 4.32% | $16.37M | $4.80B | 3.48% | 46 Neutral | |
| TeraWulf Inc | 4.09% | $15.50M | $5.20B | 99.36% | 50 Neutral | |
| MARA Holdings | 4.01% | $15.18M | $3.73B | -51.07% | 64 Neutral | |
| Applied Digital Corporation | 3.99% | $15.12M | $7.28B | 197.38% | 54 Neutral |
BITQ Technical Analysis
Negative
―
Price Trends
24.43
Negative
23.49
Negative
19.99
Positive
Market Momentum
-0.79
Negative
44.69
Neutral
42.11
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For BITQ, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 22.19, equal to the 50-day MA of 24.43, and equal to the 200-day MA of 19.99, indicating a neutral trend. The MACD of -0.79 indicates Negative momentum. The RSI at 44.69 is Neutral, neither overbought nor oversold. The STOCH value of 42.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BITQ.
BITQ Peer Comparison
Comparison Results
Performance Comparison
BITQ
Bitwise Crypto Industry Innovators ETF
21.36
2.91
15.77%
CGW
Invesco S&P Global Water Index ETF
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TRFK
Pacer Data and Digital Revolution ETF
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DAPP
VanEck Digital Transformation ETF
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―
FDIG
Fidelity Crypto Industry and Digital Payments ETF
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SOCL
Global X Social Media ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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