BITQBitwise Crypto Industry Innovators ETF
BITQ Fund Description
BITQ is passively managed to track a modified market-cap-weighted index of global companies supporting a crypto-asset-enabled decentralized economy.
BITQ Factset Analytics Insight
BITQ does not hold crypto currencies. The fund does offer a pick-and-shovel type approach to crypto investing by tracking an index of 30 crypto companies from around the world, including emerging markets. A group of individuals associated with the fund issuer determines which companies meet the necessary criteria for respective classification in the index. Companies are sorted into two tiers. Tier 1 stocks are considered the “Crypto Innovators” or pure-play companies that derive more than 75% of their revenue directly in crypto assets. Tier 2 stocks are large-cap firms with diversified business interests that include at least one significant business focused on the crypto economy. The fund selects the 20 largest Tier 1 and 10 largest Tier 2 companies. Tier 1 companies are market-cap-weighted, while Tier 2 firms are weighted equally. The index is reconstituted and rebalanced quarterly.
BITQ Summary Data
BITQ Portfolio Data
BITQ Index Data
BITQ Portfolio Management
BITQ Tax Exposures
BITQ Fund Structure
BITQ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BITQ. BITQ is rated a N/A out of 5.
BITQ Performance Statistics
BITQ Benchmark Comparison Summary
BITQ Benchmark Comparison Market Cap Size
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.