#BITQ Crypto index ETF ready to blow!Been a tough ride for #Crypto investors
But our patience is set to be rewarded
How quickly?
I expect these next two weeks will tell all..
Key stats
About Bitwise Crypto Industry Innovators ETF
Expense ratio
0.85%
Home page
Inception date
May 11, 2021
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.
Classification
What's in the fund
Exposure type
Technology Services
Finance
Stock breakdown by region
Bitcoin soars, bitcoin stocks will soar tooBITQ is a ETF the holds lots of stocks for company that help with bitcoin
Here is the link to check out the holdings: bitqetf.com
Mainly COIN, MSTR and SI.
With bitcoin bottoming and ready for another rally this ETF will rally with it.
Forming a double bottom with a MACD crossing to form a bullish
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.