Bitwise Crypto Industry Etf Profile

BITQ Etf  USD 20.70  1.60  8.38%   

Performance

15 of 100

 
Weak
 
Strong
Good

Odds Of Distress

Less than 9

 
High
 
Low
Low
Bitwise Crypto is selling at 20.70 as of the 28th of November 2024; that is 8.38 percent increase since the beginning of the trading day. The etf's last reported lowest price was 19.76. Bitwise Crypto has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Bitwise Crypto Industry are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
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 . More on Bitwise Crypto Industry

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Bitwise Etf Highlights

Thematic Ideas
(View all Themes)
Business ConcentrationStrategy ETFs, Theme ETFs, Digital Assets, Exchange Traded Concepts (View all Sectors)
IssuerExchange Traded Concepts
Inception Date2021-05-11
BenchmarkBitwise Crypto Innovators 30 Index
Entity TypeRegulated Investment Company
Asset Under Management196.32 Million
Asset TypeEquity
CategoryStrategy
FocusTheme
Market ConcentrationBlended Development
RegionGlobal
AdministratorSEI Investments Global Funds Services
AdvisorExchange Traded Concepts, LLC
CustodianBrown Brothers Harriman & Co.
DistributorSEI Investments Distribution Co.
Portfolio ManagerAndrew Serowik, Travis Trampe, Todd Alberico, Gabriel Tan
Transfer AgentBrown Brothers Harriman & Co.
Fiscal Year End31-Mar
ExchangeNYSE Arca, Inc.
Number of Constituents36.0
Market MakerVirtu Financial
Total Expense0.85
Management Fee0.85
Country NameUSA
Returns Y T D64.8
NameBitwise Crypto Industry Innovators ETF
Currency CodeUSD
Open FigiBBG01076JF30
In Threey Volatility79.45
1y Volatility67.76
200 Day M A13.1944
50 Day M A15.5912
CodeBITQ
Updated At27th of November 2024
Currency NameUS Dollar
In Threey Sharp Ratio0.08
Bitwise Crypto Industry [BITQ] is traded in USA and was established 2021-04-27. The fund is listed under Digital Assets category and is part of Exchange Traded Concepts family. The entity is thematically classified as Strategy ETFs. Bitwise Crypto Industry currently have 63.04 M in assets under management (AUM). , while the total return for the last 3 years was -11.3%.
Check Bitwise Crypto Probability Of Bankruptcy

Geographic Allocation (%)

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Bitwise Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Bitwise Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Bitwise Crypto Industry Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Bitwise Crypto Industry Currency Exposure

Bitwise Crypto Industry holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Bitwise Crypto will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Bitwise Crypto Industry.

Top Bitwise Crypto Industry Etf Constituents

IBKRInteractive Brokers GroupStockFinancials
APLDApplied BlockchainStockInformation Technology
GLXYGalaxy Digital HoldingsStockFinancials
CIFRCipher MiningStockFinancials
CLSKCleanSparkStockInformation Technology
MSTRMicroStrategy IncorporatedStockInformation Technology
NB2Northern Data AGStockInformation Technology
VVisa Class AStockFinancials
More Details

Bitwise Crypto Industry Risk Profiles

The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Bitwise Crypto. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.

Bitwise Crypto Against Markets

When determining whether Bitwise Crypto Industry is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Bitwise Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Bitwise Crypto Industry Etf. Highlighted below are key reports to facilitate an investment decision about Bitwise Crypto Industry Etf:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitwise Crypto Industry. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of Bitwise Crypto Industry is measured differently than its book value, which is the value of Bitwise that is recorded on the company's balance sheet. Investors also form their own opinion of Bitwise Crypto's value that differs from its market value or its book value, called intrinsic value, which is Bitwise Crypto's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bitwise Crypto's market value can be influenced by many factors that don't directly affect Bitwise Crypto's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bitwise Crypto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitwise Crypto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitwise Crypto's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.