BITQ - ETF AI Analysis
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Bitwise Crypto Industry Innovators ETF (BITQ)
Rating:57Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains so far this year and in recent months, indicating positive momentum in its underlying holdings.
Top Holdings Mostly Performing Well
Most of the largest positions have delivered strong year-to-date results, which has been a key driver of the fund’s overall performance.
Global but U.S.-Focused Exposure
While the ETF is mainly invested in U.S. companies, it also includes smaller positions in several other countries, adding some international diversification.
Negative Factors
High Concentration in a Few Stocks
The top holdings each make up a meaningful slice of the portfolio, so weakness in just a few companies could significantly impact returns.
Heavy Tilt Toward Crypto-Linked Financials
With most assets in financial and crypto-related businesses, the fund is highly sensitive to swings in the crypto and related equity markets.
Relatively High Expense Ratio
The fund’s management fee is on the higher side for an ETF, which can eat into long-term returns compared with lower-cost alternatives.
BITQ vs. SPDR S&P 500 ETF (SPY)
AUM408.99M
RegionGlobal
Expense Ratio0.85%
Beta2.20
IssuerBitwise
Inception DateMay 11, 2021
Dividend YieldN/A
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume132,418
30 Day Avg. Volume152,059
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
38.08Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering31
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BITQ Summary
BITQ is the Bitwise Crypto Industry Innovators ETF, which follows the Bitwise Crypto Innovators 30 Index. It focuses on companies tied to cryptocurrency and blockchain, mainly in the financial and technology sectors. Many holdings are crypto miners and firms building crypto infrastructure, such as Riot Platforms and Cleanspark. Someone might invest in BITQ if they believe the digital economy and crypto-related businesses will grow over time and want a simple way to spread their bet across many crypto-focused companies. A key risk is that it can be very volatile and may rise or fall sharply with the crypto market.
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
BITQ is essentially a high-octane bet on the crypto ecosystem, with most of its muscle in U.S.-listed financial and tech names tied to Bitcoin and mining. Coinbase is losing steam and acting as a noticeable drag, while MicroStrategy’s Bitcoin-heavy strategy has also been a weak spot. Offsetting that, miners like Riot Platforms, Hut 8, and Cipher Mining have been on a tear, giving the fund a strong tailwind. With a global mandate but a clear crypto-mining and infrastructure tilt, performance lives and dies with the broader digital asset cycle.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Coinbase Global | 11.66% | $46.31M | $43.01B | -46.41% | 68 Neutral | |
| Strategy | 8.99% | $35.69M | $39.44B | -70.19% | 55 Neutral | |
| IREN | 7.67% | $30.46M | $21.40B | 433.49% | 64 Neutral | |
| Figure Technology Solutions, Inc. Class A | 5.01% | $19.88M | $6.30B | ― | 68 Neutral | |
| MARA Holdings | 4.76% | $18.92M | $5.42B | 4.72% | 64 Neutral | |
| Galaxy Digital | 4.73% | $18.76M | $13.33B | 79.32% | ― | |
| BitMine Immersion Technologies | 4.37% | $17.33M | $9.19B | 260.45% | ― | |
| Riot Platforms | 4.33% | $17.21M | $10.63B | 208.84% | 68 Neutral | |
| Cipher Mining | 4.31% | $17.13M | $11.94B | 697.17% | 56 Neutral | |
| TeraWulf Inc | 4.27% | $16.94M | $14.36B | 693.00% | 50 Neutral |
BITQ Technical Analysis
Negative
―
Price Trends
26.23
Negative
23.36
Positive
23.66
Positive
Market Momentum
-0.54
Positive
37.59
Neutral
8.06
Positive
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 26.04, equal to the 50-day MA of 26.23, and equal to the 200-day MA of 23.66, indicating a neutral trend. The MACD of -0.54 indicates Positive momentum. The RSI at 37.59 is Neutral, neither overbought nor oversold. The STOCH value of 8.06 is Positive, 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
23.79
3.61
17.89%
MGNR
American Beacon GLG Natural Resources ETF
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AGIX
KraneShares Artificial Intelligence & Technology ETF
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ALAI
Alger AI Enablers & Adopters ETF
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CCNR
CoreCommodity Natural Resources ETF
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ILDR
First Trust Innovation Leaders 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.
DisclaimerThis 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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