Seeking Alpha 2021-05-13 12:46:16

BITQ, a new ETF that provides exposure to the crypto market without holding crypto assets

A new ETF that focuses on the crypto space has been launched. Bitwise Crypto Industry Innovators (BITQ) offers market participants exposure to the crypto industry without directly investing in bitcoin (BTC-USD) and other crypto assets directly.BITQ trades on the New York Stock Exchange and comes to market with an expense ratio of 0.85%. The new ETF comes with a total of 30 different holdings of organizations that directly make ripples in the crypto market.The top three holdings and weightings of the holding for BITQ are as follows: Coinbase Global COIN which is the largest holding weighted at 11.57%, second is MicroStrategy MSTR weighted at 9.05%, and thirdly is Galaxy Digital GLXY, which is weighted at 8.13%.For further information, see the complete factsheet for BITQ.Bitcoin is currently trading at $50,000 -11.23%. Additionally, in pre-market trading COIN is -0.74%, MSTR is -4.97% and GLXY closed Wednesday -8.44%.While BITQ is not a direct crypto ETF investing in

BITQ, a new ETF that provides exposure to the crypto market without holding crypto assets

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