BNKD vs. GFOF ETF Comparison

Comparison of MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) to Grayscale Future of Finance ETF (GFOF)

BNKD

MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs

BNKD Description

The investment seeks to provide a leveraged inverse return based on the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.

Grade (RS Rating)

Last Trade

$22.56

Average Daily Volume

56,998

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

GFOF

Grayscale Future of Finance ETF

GFOF Description

Grayscale Future of Finance ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Grayscale Advisors, LLC and Vident Investment Advisory, LLC. It It invests in the public equity markets across the globe. The fund seeks to invest in securities of companies operating in the enabling of buying, selling, and transacting in digital assets, the development of the infrastructure to create applications utilizing blockchain technology, the supply of infrastructure around the digital asset ecosystem, and the mining of digital assets. The fund invests in growth and value stocks of companies across all market capitalizations. The fund seeks to track the performance of the Bloomberg Grayscale Future of Finance Index, by using full replication technique. Grayscale Future of Finance ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$20.04

Average Daily Volume

2,789

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

Performance

Period	BNKD	GFOF
30 Days	12.46%	20.86%
60 Days	-10.65%	29.17%
90 Days	-10.83%	10.89%
12 Months	-60.97%	81.33%

0 Overlapping Holdings

	Symbol	Grade	Weight in BNKD	Weight in GFOF	Overlap

BNKD Overweight 10 Positions Relative to GFOF

	Symbol	Grade	Weight
	WFC	C	10.0%
	USB	C	10.0%
	TFC	C	10.0%
	SCHW	D	10.0%
	PNC	C	10.0%
	MS	B	10.0%
	JPM	B	10.0%
	GS	B	10.0%
	C	C	10.0%
	BAC	A	10.0%

BNKD Underweight 13 Positions Relative to GFOF

	Symbol	Grade	Weight
	IREN	B	-10.28%
	HOOD	C	-9.12%
	COIN	C	-7.35%
	MARA	B	-7.34%
	PYPL	D	-7.05%
	SQ	F	-5.63%
	WULF	A	-5.52%
	CLSK	B	-3.45%
	RIOT	C	-3.2%
	APLD	C	-2.98%
	CIFR	B	-2.81%
	CAN	C	-2.08%
	BTBT	C	-1.92%

BNKD: Top Represented Industries & Keywords

Industries: Banks - Global Banks - Regional - US Capital Markets

Keywords: S&P 500 Bank Banking Investment Bank Cash Management Investment Banking Asset Management Services Brokerage Financial Advisory Services Financial Products Investment Management Services Investment Product Lending Products Portfolio Management Primary Dealers Trade Finance Transaction Services Wealth Management Asset Management Cash Management Services

GFOF: Top Represented Industries & Keywords

Industries: Capital Markets Credit Services Software - Application Software - Infrastructure Business Services Computer Hardware Specialty Chemicals

Keywords: Bitcoin Cryptocurrency Bitcoin Mining Payment Systems Digital Currencies Economics Of Bitcoin Computing Decentralization Blockchain Cryptography Currency Fintech Mining Mobile Payments Artificial Intelligence Bank Account Brokerage Cash Management Services Computer Architecture Computer Software