BITQ vs. MVPA ETF Comparison

Comparison of Bitwise Crypto Industry Innovators ETF (BITQ) to Advisor Managed Portfolios Miller Value Partners Appreciation ETF (MVPA)

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

$10.97

Average Daily Volume

171,499

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MVPA

Advisor Managed Portfolios Miller Value Partners Appreciation ETF

MVPA Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in securities that Miller Value Partners, LLC (the "Adviser") believes have an above-average probability of outperforming the S&P 500® Index (the "S&P 500") over a multi-year time horizon. It will typically invest in a portfolio of approximately 20-40 common stocks without regard to market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.99

Average Daily Volume

9,912

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BITQ	MVPA
30 Days	-9.64%	-1.91%
60 Days	-9.49%	5.97%
90 Days	23.95%	24.80%
12 Months	79.49%

1 Overlapping Holdings

	Symbol	Grade	Weight in BITQ	Weight in MVPA	Overlap
	MSTR	D	13.05%	9.89%	9.89%

BITQ Overweight 19 Positions Relative to MVPA

Symbol	Grade	Weight
COIN	C	11.68%
MARA	D	6.92%
CLSK	C	5.12%
CIFR	C	4.86%
RIOT	F	3.73%
WULF	B	2.98%
IREN	F	2.43%
APLD	F	1.94%
CAN	F	1.92%
PYPL	A	1.67%
IBKR	A	1.63%
BTBT	F	1.61%
CME	D	1.57%
V	D	1.54%
MA	D	1.53%
NU	C	1.5%
BLK	D	1.49%
SQ	D	1.44%
MELI	B	1.36%

BITQ Underweight 9 Positions Relative to MVPA

Symbol	Grade	Weight
CROX	C	-8.62%
BLDR	C	-8.27%
MBC	C	-5.3%
WIRE	B	-5.1%
CNC	D	-4.92%
CTO	A	-4.81%
CPNG	B	-3.83%
BFH	A	-3.83%
JXN	A	-3.82%