BITQ vs. BLCN ETF Comparison
Comparison of Bitwise Crypto Industry Innovators ETF (BITQ) to Siren Nasdaq NexGen Economy ETF (BLCN)
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
$21.28
Average Daily Volume
123,943
19
BLCN
Siren Nasdaq NexGen Economy ETF
BLCN Description
The investment seeks long-term growth by tracking the investment returns, before fees and expenses, of the Siren Nasdaq Blockchain Economy Index. Under normal circumstances, at least 80% of the fund's assets, will be invested in component securities of the index. The index is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others (Blockchain Companies). The fund is non-diversified.Grade (RS Rating)
Last Trade
$28.94
Average Daily Volume
17,689
39
Performance
| Period | BITQ | BLCN |
|---|---|---|
| 30 Days | 31.93% | 8.69% |
| 60 Days | 65.40% | 15.30% |
| 90 Days | 56.40% | 14.84% |
| 12 Months | 169.24% | 42.23% |
11 Overlapping Holdings
| Symbol | Grade | Weight in BITQ | Weight in BLCN | Overlap | |
|---|---|---|---|---|---|
| BK | B | 1.01% | 0.62% | 0.62% | |
| BLK | B | 1.04% | 0.9% | 0.9% | |
| CLSK | C | 4.48% | 4.09% | 4.09% | |
| COIN | A | 10.9% | 4.07% | 4.07% | |
| MA | B | 0.94% | 1.17% | 0.94% | |
| MARA | C | 8.95% | 7.62% | 7.62% | |
| MSTR | A | 16.51% | 8.04% | 8.04% | |
| NU | C | 0.96% | 1.23% | 0.96% | |
| PYPL | B | 1.08% | 2.82% | 1.08% | |
| RIOT | C | 4.82% | 5.11% | 4.82% | |
| V | A | 0.95% | 0.94% | 0.94% |
BITQ Underweight 28 Positions Relative to BLCN
| Symbol | Grade | Weight | |
|---|---|---|---|
| SQ | A | -5.03% | |
| HOOD | A | -4.67% | |
| NVDA | A | -4.18% | |
| ACN | C | -3.75% | |
| MSFT | D | -3.58% | |
| META | C | -3.42% | |
| AMD | F | -2.47% | |
| QCOM | F | -1.8% | |
| ORCL | A | -1.79% | |
| MU | D | -1.74% | |
| CUBI | C | -1.74% | |
| WMT | A | -1.52% | |
| AXP | B | -1.23% | |
| HPE | B | -1.21% | |
| JPM | A | -1.1% | |
| CSCO | B | -0.94% | |
| SAP | B | -0.92% | |
| NDAQ | A | -0.92% | |
| TXN | C | -0.9% | |
| WT | A | -0.85% | |
| TSM | B | -0.82% | |
| INFY | D | -0.78% | |
| IBM | C | -0.76% | |
| ICE | C | -0.68% | |
| GS | B | -0.63% | |
| BABA | D | -0.41% | |
| BIDU | F | -0.34% | |
| JD | D | -0.26% |
BITQ: Top Represented Industries & Keywords
BLCN: Top Represented Industries & Keywords
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