GFOF vs. BITQ ETF Comparison

Comparison of Grayscale Future of Finance ETF (GFOF) to Bitwise Crypto Industry Innovators ETF (BITQ)

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

$15.44

Average Daily Volume

4,717

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$10.39

Average Daily Volume

177,721

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GFOF	BITQ
30 Days	-15.99%	-18.38%
60 Days	-13.39%	-12.32%
90 Days	10.14%	14.81%
12 Months	47.92%	67.84%

12 Overlapping Holdings

Symbol	Grade	Weight in GFOF	Weight in BITQ	Overlap
APLD	F	2.46%	1.94%	1.94%
BTBT	F	1.79%	1.61%	1.61%
CAN	F	2.24%	1.92%	1.92%
CIFR	B	3.26%	4.86%	3.26%
CLSK	B	4.53%	5.12%	4.53%
COIN	D	7.39%	11.68%	7.39%
IREN	F	4.56%	2.43%	2.43%
MARA	D	7.89%	6.92%	6.92%
PYPL	A	8.24%	1.67%	1.67%
RIOT	F	4.09%	3.73%	3.73%
SQ	D	7.37%	1.44%	1.44%
WULF	C	4.14%	2.98%	2.98%

GFOF Overweight 1 Positions Relative to BITQ

	Symbol	Grade	Weight
	HOOD	D	7.61%

GFOF Underweight 8 Positions Relative to BITQ

Symbol	Grade	Weight
MSTR	D	-13.05%
IBKR	A	-1.63%
CME	C	-1.57%
V	C	-1.54%
MA	D	-1.53%
NU	C	-1.5%
BLK	D	-1.49%
MELI	C	-1.36%