BITWISE CRYPTO INDUSTRY INNOVATORS ETF (BITQ)

What this ETF is trying to do

The BITWISE CRYPTO INDUSTRY INNOVATORS ETF (BITQ) is an exchange-traded fund that focuses on the crypto industry. It holds various companies related to digital assets. Because it is labeled as "crypto-related," its performance is often tied to the activities of companies in the cryptocurrency space.

What the numbers show

The current price of BITQ is $25.51. When looking at how the price has changed over different periods, we see a mix of results:

• Year-to-Date (YTD): The price return is approximately 28.00%.

• One Year: The one-year price return was approximately -5.20%.

• Three Year: The three-year price return was approximately 297.97%.

It is important to understand the difference between price return and total return. Price return only tracks how much the share price moves. Total return includes both price changes and any cash distributions (like dividends) paid out to investors. For this ETF, the YTD and one-year figures provided are the same for both price return and total return. However, over three years, the total return was approximately 307.23%, which is higher than the price return of 297.97%.

An estimated price from roughly one year ago was $26.91.

Income and distribution explanation

Some investors look for ETFs that pay them regular cash, known as distributions. For BITQ, the distribution yield is 0%. This means no recent cash distributions were detected.

NAV erosion explanation

"NAV erosion" is a term used to describe a decline in the value of the underlying assets in a fund. StockValueFinder uses an "erosion-risk score" to measure this risk. BITQ has an erosion score of 75, which is labeled as "mild price erosion." This is a measurement of risk and does not necessarily mean the fund's value has collapsed. There is no severe erosion-risk flag for this ETF.

Top Holdings

The following are the top holdings in this fund (note that this list is partial):

• STRATEGY INC CLASS A: 10.97%

• COINBASE GLOBAL INC: 10.19%

• CIRCLE INTERNET GROUP INC: 8.67%

• MARA HOLDINGS INC: 5.07%

• CLEANSPARK INC: 5.02%

• BITMINE IMMERSION TECHNOLOGIES INC: 4.85%

• HYPERLIQUID STRATEGIES INC: 4.82%

• HUT 8 CORP: 4.80%

• CIPHER DIGITAL INC: 4.53%

• BITDEER TECHNOLOGIES GROUP: 4.46%

Holdings can change over time.

Pros

• The fund has shown very high total returns over a three-year period.

• It provides exposure to many different companies in the crypto industry through a single fund.

Cons

• The one-year price return has been negative.

• It does not currently provide cash distributions for income.

Beginner takeaway

BITQ is a fund that tracks companies in the crypto space. While it has seen large growth over three years, its price has fluctuated, showing a decline over the last year. It is not an income-focused fund, as it does not currently pay distributions.