BITQ vs. IMCV ETF Comparison

Comparison of Bitwise Crypto Industry Innovators ETF (BITQ) to iShares Morningstar Mid-Cap Value ETF (IMCV)

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

$20.74

Average Daily Volume

142,307

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IMCV

iShares Morningstar Mid-Cap Value ETF

IMCV Description

The investment seeks to track the investment results of the MorningstarÂ® US Mid Cap Broad Value IndexSM composed of mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by mid-capitalization companies that have exhibited âvalueâ characteristics as determined by Morningstar, Inc. (Morningstar or the index providerâ) proprietary index methodology.

Grade (RS Rating)

Last Trade

$80.31

Average Daily Volume

16,134

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BITQ	IMCV
30 Days	36.90%	4.76%
60 Days	62.79%	4.55%
90 Days	54.66%	6.72%
12 Months	173.95%	29.13%

1 Overlapping Holdings

	Symbol	Grade	Weight in BITQ	Weight in IMCV	Overlap
	BK	A	1.01%	1.03%	1.01%

BITQ Overweight 18 Positions Relative to IMCV

Symbol	Grade	Weight
MSTR	C	16.51%
COIN	C	10.9%
MARA	C	8.95%
WULF	C	4.83%
RIOT	C	4.82%
CIFR	B	4.79%
CLSK	C	4.48%
IREN	C	4.16%
APLD	A	2.82%
BTBT	C	2.25%
IBKR	A	1.25%
PYPL	B	1.08%
BLK	C	1.04%
NU	C	0.96%
V	A	0.95%
MA	C	0.94%
CME	A	0.88%
MELI	D	0.82%

BITQ Underweight 9 Positions Relative to IMCV

Symbol	Grade	Weight
WMB	A	-1.18%
COF	B	-1.15%
GM	B	-1.06%
TFC	A	-1.06%
NSC	B	-1.04%
OKE	A	-1.03%
PCAR	B	-0.99%
AFL	B	-0.98%
AEP	D	-0.97%