{"id":42408,"date":"2021-05-13T12:39:11","date_gmt":"2021-05-13T09:39:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42408"},"modified":"2025-08-30T23:05:04","modified_gmt":"2025-08-30T20:05:04","slug":"bitwise-launches-etf-based-on-crypto-company-stocks","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitwise-launches-etf-based-on-crypto-company-stocks\/","title":{"rendered":"Bitwise launches ETF based on crypto-company stocks"},"content":{"rendered":"<p>On the New York Stock Exchange, under the ticker BITQ, the Bitwise Crypto Industry Innovators ETF began trading, based on the shares of 30 publicly listed cryptocurrency-industry companies.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Announcing today&#8217;s launch of the Bitwise Crypto Industry Innovators ETF (NYSE: <a href=\"https:\/\/twitter.com\/search?q=%24BITQ&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BITQ<\/a>)! <a href=\"https:\/\/twitter.com\/search?q=%24BITQ&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BITQ<\/a> holds public companies backing bitcoin and crypto innovation. Available in brokerages now! (BITQ ETF Risk Disclosure: <a href=\"https:\/\/t.co\/k76Eg2q5GM\">https:\/\/t.co\/k76Eg2q5GM<\/a>) <a href=\"https:\/\/t.co\/jUZHxF4UFz\">pic.twitter.com\/jUZHxF4UFz<\/a><\/p>\n<p>\u2014 Bitwise (@BitwiseInvest) <a 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><\/p>\n<p>According to Bitwise Asset Management, the ETF tracks the Bitwise Crypto Industry Innovators 30 index, which includes firms that engage in real material activity in the sector.<\/p>\n<p>Also in the index are companies with on-balance-sheet liquid crypto assets totaling at least $100 million.<\/p>\n<p>In most cases these are firms that derive at least 75% of their revenue from direct servicing of the crypto market or the share of digital currencies in their net assets exceeds 75%. The index is updated quarterly.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cPublicly, the biggest innovators in the industry were private enterprises, but the situation is changing quickly. Today the number of public companies benefiting from cryptocurrency is growing,\u201d said Bitwise\u2019s Chief Investment Officer Matt Hogan.<\/p>\n<\/blockquote>\n<p>The index takes into account the \u201cunique features of the cryptocurrency market,\u201d the statement says. For example, there is a &#8216;fast-entry&#8217; option that allows adding 30 new IPOs and direct listings into the Bitwise Crypto Industry Innovators 30 within a day of their debut.<\/p>\n<p>This happened with Coinbase, which on April 14 <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-shares-begin-trading-on-nasdaq-market-capitalisation-tops-100bn\">became public<\/a>, and the next day entered the index with a weight of 10%, Bitwise noted.<\/p>\n<p>The company <a href=\"https:\/\/u1f987.com\/en\/news\/bitwise-files-new-sec-application-for-bitwise-crypto-innovators-etf\">filed<\/a> the application with the U.S. Securities and Exchange Commission in February.<\/p>\n<p>Earlier, the financial holding JPMorgan also decided <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-to-launch-a-crypto-linked-equities-basket\">to launch an investment product<\/a> based on cryptocurrency company shares.<\/p>\n<p>Subscribe to ForkLog news on VK!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the New York Stock Exchange, under the ticker BITQ, the Bitwise Crypto Industry Innovators ETF began trading, based on the shares of 30 publicly listed cryptocurrency-industry companies.<\/p>\n","protected":false},"author":1,"featured_media":42409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[949,1211],"class_list":["post-42408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitwise","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=42408"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42408\/revisions"}],"predecessor-version":[{"id":42410,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42408\/revisions\/42410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42409"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}