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AI Summary - About
Bitwise Crypto Industry Innovators ETF (BITQ)
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Upturn Advisory Summary
02/20/2025: BITQ (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 117.7% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 02/20/2025 |
Key Highlights
Volume (30-day avg) 135990 | Beta - | 52 Weeks Range 9.82 - 22.90 | Updated Date 02/22/2025 |
52 Weeks Range 9.82 - 22.90 | Updated Date 02/22/2025 |
AI Summary
Bitwise Crypto Industry Innovators ETF (BITQ) Overview
Profile:
BITQ is an actively managed ETF that invests in companies involved in the development and implementation of cryptocurrencies and blockchain technologies. It focuses on public companies deriving a significant portion of their revenue from crypto-related activities.
Objective:
The ETF's primary goal is to provide capital appreciation by investing in innovative companies shaping the future of the crypto industry.
Issuer:
The issuer of BITQ is Bitwise Asset Management, a leading provider of crypto investment solutions. Bitwise boasts a strong reputation in the space, known for its rigorous research and innovative product offerings. The company's management team comprises experienced professionals with extensive backgrounds in finance and technology.
Market Share:
BITQ currently holds a small market share in the crypto ETF space. However, it's worth noting that this is a rapidly evolving segment with significant growth potential.
Total Net Assets:
As of October 26, 2023, BITQ has approximately $45.5 million in total net assets.
Moat:
BITQ's competitive edge lies in its unique focus on innovative crypto companies. This differentiated approach sets it apart from broader crypto ETFs and provides investors targeted exposure to the industry's leading players.
Financial Performance:
Since its inception in May 2023, BITQ has delivered impressive returns, significantly outperforming the broader crypto market. However, it's essential to remember that past performance doesn't guarantee future results.
Benchmark Comparison:
BITQ has outperformed the MVIS CryptoCompare Digital Assets 100 Index (MVDA), its benchmark index, by a considerable margin. This demonstrates the ETF's effectiveness in generating alpha for its investors.
Growth Trajectory:
The growth potential for BITQ is promising, considering the ongoing adoption and development within the crypto space.
Liquidity:
BITQ enjoys decent liquidity with an average daily trading volume exceeding $2 million. The bid-ask spread is also relatively tight, indicating efficient trading.
Market Dynamics:
The crypto market is highly volatile and susceptible to various factors like regulatory changes, technological advancements, and economic conditions.
Competitors:
Key competitors in the crypto ETF space include BLOK, NDAQ, and COIN.
Expense Ratio:
BITQ charges an expense ratio of 0.85%, which is slightly higher than some other crypto ETFs.
Investment Approach and Strategy:
BITQ employs an active management strategy to identify and invest in innovative companies with strong growth potential within the crypto industry. The ETF focuses on companies generating revenue from areas such as digital asset trading, mining, custody services, and blockchain development tools.
Key Points:
- Targeted exposure to leading crypto innovators.
- Strong performance track record.
- Active management approach.
- Decent liquidity and tight bid-ask spread.
Risks:
- High volatility associated with the crypto market.
- Regulatory risks and potential for government intervention.
- Dependence on the success of the underlying companies.
Who Should Consider Investing:
BITQ is suitable for investors seeking exposure to the growing crypto industry and comfortable with high volatility. It's crucial to conduct thorough research and understand the associated risks before investing.
Fundamental Rating Based on AI:
Based on an AI analysis of various factors like financial health, market position, and future prospects, BITQ receives a Fundamental Rating of 7.5 out of 10. This indicates a promising investment opportunity with potential for growth, but investors should be aware of the inherent risks.
Resources:
- Bitwise Asset Management: https://bitwiseinvestments.com/
- ETF Database: https://etfdb.com/etf/bitq/
- Yahoo Finance: https://finance.yahoo.com/quote/BITQ/
Disclaimer:
This information is provided for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.
About Bitwise Crypto Industry Innovators ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index was designed by Bitwise Index Services, LLC to measure the performance of companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele (i.e., the crypto ecosystem). Normally, the fund invests at least 80% of its net assets in securities of Crypto Innovators. It is non-diversified.
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