BITQ vs. FNGU ETF Comparison

Comparison of Bitwise Crypto Industry Innovators ETF (BITQ) to BMO REX MicroSectors FANG Index 3X Leveraged Exchange Traded Notes (FNGU)

BITQ

Bitwise Crypto Industry Innovators ETF

BITQ Description

The Bitwise Crypto Industry Innovators ETF (the Fund”) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Bitwise Crypto Innovators 30 Index. The Index was designed to measure the performance of companies leading the rapidly emerging crypto economy. At least 85% of the index is focused on pure-play crypto companies, including bitcoin and crypto trading venues, crypto mining and mining equipment firms, and service providers. Examples include Coinbase (COIN), Silvergate Capital (SI), and MicroStrategy (MSTR). Up to 15% of the index is focused on supporting companies: Innovative large cap firms with diversified business interests that include at least one significant business line focused on the crypto economy. Examples include PayPal (PYPL), Nvidia (NVDA), and Square (SQ). The fund offers investors a picks and shovels approach to investing in the crypto economy

Grade (RS Rating)

Last Trade

$11.03

Average Daily Volume

166,952

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FNGU

BMO REX MicroSectors FANG Index 3X Leveraged Exchange Traded Notes

FNGU Description

The investment seeks return linked to a three times leveraged participation in the daily performance of the NYSE FANG+™ Index, total return (the “index”). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

Grade (RS Rating)

Last Trade

$332.02

Average Daily Volume

1,066,852

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BITQ	FNGU
30 Days	-6.21%	0.86%
60 Days	-10.54%	6.60%
90 Days	26.06%	7.13%
12 Months	78.74%	219.07%

0 Overlapping Holdings

	Symbol	Grade	Weight in BITQ	Weight in FNGU	Overlap

BITQ Overweight 20 Positions Relative to FNGU

Symbol	Grade	Weight
COIN	D	11.99%
MSTR	D	11.18%
MARA	C	6.99%
CLSK	D	4.63%
CIFR	C	4.34%
RIOT	F	3.59%
WULF	B	2.7%
APLD	F	2.37%
IREN	D	2.1%
CAN	F	1.99%
PYPL	B	1.92%
IBKR	A	1.86%
NU	C	1.7%
CME	D	1.67%
V	D	1.66%
MA	D	1.64%
BLK	D	1.63%
BTBT	F	1.63%
MELI	C	1.6%
SQ	D	1.48%

BITQ Underweight 10 Positions Relative to FNGU

Symbol	Grade	Weight
META	D	-10.34%
GOOGL	A	-10.3%
TSLA	D	-10.15%
NVDA	C	-10.07%
AVGO	D	-10.01%
AMZN	A	-9.98%
NFLX	C	-9.92%
SNOW	F	-9.9%
MSFT	D	-9.82%
AAPL	B	-9.51%