Yes

>>Crypto companies are showing significant positive progress heading into the final months of the year.

Crypto companies are showing significant positive progress heading into the final months of the year.

crypthub

1 day ago

Fund Overview and Holdings

The Bitwise Crypto Industry Innovators ETF (BITQ) provides equity exposure to the crypto economy, concentrating on miners, trading platforms, and infrastructure. Top holdings include IREN, MARA, and RIOT, many of which display volatile earnings and high P/E ratios. The fund is market-weighted, with a significant portion (56%) in mid-cap companies.

Performance and Risk

BITQ is highly cyclical, experiencing extreme drawdowns during risk-off periods and substantial gains during risk-on environments. Its beta of 2.08 indicates its amplified response to market movements, especially bitcoin's. The ETF isn't suitable for a buy-and-hold strategy and has experienced a -90% drawdown in 2022.

Investment Strategy and Outlook

BITQ is viewed as a momentum play for the remainder of 2025, benefiting from potential U.S. deficit concerns and dollar depreciation. The fund exhibits an A+ momentum grade and a 'Strong Buy' rating. Investors are advised to carefully time entry and exit points, as it is not intended for long-term holdings.