BITQ vs. STCE ETF Comparison

Comparison of Bitwise Crypto Industry Innovators ETF (BITQ) to Schwab Crypto Thematic ETF (STCE)

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

123,943

Number of Holdings ^*

* may have additional holdings in another (foreign) market

STCE

Schwab Crypto Thematic ETF

STCE Description

The fund will not invest in cryptocurrency or digital assets directly. The investment adviser typically seeks to track the total return of the index by replicating the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$53.07

Average Daily Volume

24,982

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BITQ	STCE
30 Days	31.93%	28.24%
60 Days	65.40%	55.82%
90 Days	56.40%	48.20%
12 Months	169.24%	131.32%

11 Overlapping Holdings

Symbol	Grade	Weight in BITQ	Weight in STCE	Overlap
BTBT	C	2.25%	4.54%	2.25%
CIFR	C	4.79%	7.85%	4.79%
CLSK	C	4.48%	5.86%	4.48%
CME	A	0.88%	0.89%	0.88%
COIN	A	10.9%	7.26%	7.26%
IBKR	A	1.25%	2.71%	1.25%
IREN	C	4.16%	7.06%	4.16%
MARA	C	8.95%	4.0%	4.0%
MSTR	A	16.51%	11.83%	11.83%
PYPL	B	1.08%	1.95%	1.08%
RIOT	C	4.82%	4.28%	4.28%

BITQ Overweight 8 Positions Relative to STCE

Symbol	Grade	Weight
WULF	C	4.83%
APLD	A	2.82%
BLK	B	1.04%
BK	B	1.01%
NU	C	0.96%
V	A	0.95%
MA	B	0.94%
MELI	D	0.82%

BITQ Underweight 12 Positions Relative to STCE

Symbol	Grade	Weight
HOOD	A	-3.53%
SQ	A	-2.54%
CBOE	C	-1.83%
WT	A	-1.56%
NVDA	A	-1.03%
OPRA	A	-1.02%
FOUR	A	-0.99%
SNEX	B	-0.98%
VIRT	A	-0.95%
BGC	C	-0.93%
CUBI	C	-0.91%
ICE	C	-0.8%