BITQ - BITQ: A Basket Of Troubled Companies
2024-03-05 12:06:49 ET
Summary
- BITQ is an ETF that gives investors exposure to various companies in the crypto sector.
- Most of the main holdings mine Bitcoin, while others function as exchanges or provide similar crypto-related services.
- Despite the hype and interest, these companies burn cash and dilute ownership, destroying shareholder value and creating negative returns for the fund.
Some people who don't want to buy Bitcoin USD ( BTC-USD ) or other cryptocurrencies have considered investing in an ETF focused on that sector. One such fund is Bitwise Crypto Industry Innovators ETF ( BITQ ). I was curious to see how exactly how it allocates its capital, so I gave it a look....
BITQ: A Basket Of Troubled Companies