ETF Evaluator: Bitwise Crypto Industry Innovators ETF (BITQ) Follow This ETF

Bitwise Crypto Industry Innovators ETF Overview

Bitwise Crypto Industry Innovators ETF (BITQ) is a passively managed Sector Equity Equity Digital Assets exchange-traded fund (ETF). Bitwise Investments launched the ETF in 2021.

The investment seeks to provide investment results that, correspond generally to the total return performance of the Bitwise Crypto Innovators 30 Index. 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.

About Bitwise Crypto Industry Innovators ETF (BITQ)

There are 6 members of the management team with an average tenure of 3.40 years: Andrew Serowik (2021), Gabriel Tan (2021), Todd Alberico (2021), Brian Cooper (2022), Jennifer Thornton (2025) and Daniela Padilla (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bitwise Crypto Innovators 30 TR USD index with a weighting of 100%. Bitwise Crypto Industry Innovators ETF has 35 securities in its portfolio. The top 10 holdings constitute 60.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Bitwise Crypto Industry Innovators ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Bitwise Crypto Industry Innovators ETF has 19.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 79.8% There is 19.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Bitwise Crypto Industry Innovators ETF has 0.6% of the portfolio in cash.

Assets Under Management

The fund has $411 million in total assets, which is above the $202 million average for the Equity Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

BITQ Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Bitwise Crypto Industry Innovators ETF expense ratio is high compared to funds in the Equity Digital Assets category. Bitwise Crypto Industry Innovators ETF has an expense ratio of 0.85%, which is 27% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Bitwise Crypto Industry Innovators ETF has a portfolio turnover rate of 56%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 129% for the Equity Digital Assets category.

Recently, in the month of June 2026, Bitwise Crypto Industry Innovators ETF returned -14.4%, which earned it a grade of C, as the Equity Digital Assets category had an average return of -11.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Bitwise Crypto Industry Innovators ETF has a trailing yield of 0.00%, which is below the 5.17% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Bitwise Crypto Industry Innovators ETF Grades

Year to date, the ETF has returned 22.9%, 3.5 percentage points better than the category, which translates into a grade of B. The fund has returned 24.6% over the past year (grade of C), 46.2% over the past three years (grade of A) and 1.6% per year over the past five years (grade of B).

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