{"id":248422,"date":"2021-05-13T07:54:51","date_gmt":"2021-05-13T04:54:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitwise-launches-us-crypto-etf-sort-of\/"},"modified":"2021-05-13T07:54:51","modified_gmt":"2021-05-13T04:54:51","slug":"bitwise-launches-us-crypto-etf-sort-of","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitwise-launches-us-crypto-etf-sort-of\/","title":{"rendered":"# Bitwise launches US \u2018crypto ETF\u2019\u2026 sort of"},"content":{"rendered":"<p>&#8220;<strong># Bitwise launches US \u2018crypto ETF\u2019\u2026 sort of <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvMDdmZDUyYTEtMjUwZC00NjZlLTg4YjItMjYxZTU2YTNlODRlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitwise Asset Management has announced the launch of its Crypto Industry Innovators exchange-traded fund, or ETF.<\/p>\n<p>Unlike the numerous proposals for Bitcoin and cryptocurrency ETFs offering direct exposure to digital assets that the U.S. Securities and Exchange Commission takes great delight in shooting down, Bitwise\u2019s new fund, dubbed BITQ, offers exposure to the shares of leading \u201cpublic companies that are participants in the growing Bitcoin and cryptocurrency sector.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Announcing today&#8217;s launch of the Bitwise Crypto Industry Innovators ETF (NYSE: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BITQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BITQ<\/a>)! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BITQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BITQ<\/a> holds public companies backing bitcoin and crypto innovation. Available in brokerages now! (BITQ ETF Risk Disclosure: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/k76Eg2q5GM\">https:\/\/t.co\/k76Eg2q5GM<\/a>) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/jUZHxF4UFz\">pic.twitter.com\/jUZHxF4UFz<\/a><\/p>\n<p>\u2014 Bitwise (@BitwiseInvest) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BitwiseInvest\/status\/1392543399836848132?ref_src=twsrc%5Etfw\">May 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>BITQ investments are based on Bitwise\u2019s Crypto Industry Innovators 30 Index, which tracks top firms \u201cengaged in actual, material activity in the crypto sector\u201d that hold a minimum of \u201c$100 million of liquid crypto assets on their balance sheet.\u201d<\/p>\n<p>A May 12 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20210512005554\/en\/Bitwise-Crypto-Industry-Innovators-ETF-NYSE-BITQ-Launches\">announcement<\/a> notes that most companies included in the index derive \u201cat least 75% of their revenue from directly servicing cryptocurrency markets or have at least 75% of their net assets accounted for by direct holding of liquid crypto assets.\u201d<\/p>\n<p>Hunter Horsley, Bitwise\u2019s chief executive, noted that the absence of regulated financial products offering exposure to Bitcoin in the United States has resulted in many investors missing the \u201cstellar cryptocurrency returns\u201d produced during rallies of recent years.<\/p>\n<blockquote><p>\u201cWe\u2019ve heard time and again from clients that the primary challenge has been finding a way to access the incredibly complex and fast-moving crypto space. With BITQ, our aim is to make crypto investment opportunities available through traditional investing platforms and a familiar, liquid, and cost-effective ETF.\u201d<\/p><\/blockquote>\n<p>Inspired by Coinbase\u2019s direct listing on the Nasdaq last month, Bitwise\u2019s index recognizes crypto firms within 24 hours after they debut through an initial public offering or direct listing.\u00a0<\/p>\n<p>While BITQ may be the first ETF to have \u201ccrypto\u201d in its title, it is not the first ETF offering exposure to the crypto sector\u2019s leading firms. The crypto-heavy portfolio of the Amplify Transformational Data Sharing ETF (BLOK) has seen it rank among the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/etfdb.com\/compare\/highest-ytd-returns\/no-leveraged\/\">50<\/a> top-performing ETFs of 2021 so far when excluding leveraged and inverse products with a year-to-date gain of 36.4%.<\/p>\n<p>While BLOK\u2019s ticker is at best an oblique reference to blockchain, nearly every company allocation in its portfolio has direct connections to the crypto and digital asset sector. Its 10-largest positions \u2014 representing 41% of assets under management, includes industry leaders MicroStrategy (MSTR), Square (SQ), Galaxy Digital Holdings (GLXY), and Marathon Digital Holdings (MARA).<\/p>\n<p>BLOK is the single-largest holder of Microstrategy by percentage allocation with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.etf.com\/stock\/MSTR\">8%<\/a> of its capital invested, and the largest MARA holder by number of shares held.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitwise-launches-us-crypto-etf-sort-of\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitwise launches US \u2018crypto ETF\u2019\u2026 sort of &#8221; Bitwise Asset Management has announced the launch of its Crypto Industry Innovators exchange-traded fund, or ETF. Unlike the numerous proposals for Bitcoin and cryptocurrency ETFs offering direct exposure to digital assets that the U.S. Securities and Exchange Commission takes great delight in shooting down, Bitwise\u2019s new&#8230;<\/p>\n","protected":false},"author":1,"featured_media":248423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvMDdmZDUyYTEtMjUwZC00NjZlLTg4YjItMjYxZTU2YTNlODRlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,75849,117],"class_list":["post-248422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-etf","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/248422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=248422"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/248422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/248423"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=248422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=248422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=248422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}