BITQ vs. DAPP ETF Comparison

Comparison of Bitwise Crypto Industry Innovators ETF (BITQ) to VanEck Vectors Digital Transformation ETF (DAPP)

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

$19.70

Average Daily Volume

137,443

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DAPP

VanEck Vectors Digital Transformation ETF

DAPP Description

DAPP seeks to track, as closely as possible, the price and yield performance of the MVIS Global Digital Assets Equity Index ("The Index"), a rules-based modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of companies involved in digital assets. As the Index is designed to be a pure-play overview of the relevant players in the space, to be eligible for inclusion, a company must (i) generate at least 50% of its revenues from digital assets projects; (ii) generate at least 50% of its revenues from projects that, when developed, have the potential to generate at least 50% of their revenues from digital assets or digital asset projects; and/or (iii) have at least 50% of its assets invested in direct digital asset holdings or digital asset projects. The Index provides significant exposure to key companies in mining, hardware, exchanges, holding and trading, payment gateways, patents and services, and banking. The Fund will not invest in digital assets (including cryptocurrencies) (i) directly or (ii) indirectly through the use of digital asset derivatives. The Index rebalances quarterly.

Grade (RS Rating)

Last Trade

$17.45

Average Daily Volume

340,361

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BITQ	DAPP
30 Days	24.68%	25.04%
60 Days	59.64%	58.35%
90 Days	46.91%	46.76%
12 Months	160.22%	180.81%

10 Overlapping Holdings

Symbol	Grade	Weight in BITQ	Weight in DAPP	Overlap
APLD	B	2.82%	4.47%	2.82%
BTBT	C	2.25%	4.52%	2.25%
CIFR	C	4.79%	5.79%	4.79%
CLSK	C	4.48%	5.14%	4.48%
COIN	C	10.9%	8.82%	8.82%
IREN	C	4.16%	3.84%	3.84%
MARA	B	8.95%	5.32%	5.32%
MSTR	B	16.51%	11.03%	11.03%
RIOT	C	4.82%	5.2%	4.82%
WULF	C	4.83%	4.39%	4.39%

BITQ Overweight 9 Positions Relative to DAPP

Symbol	Grade	Weight
IBKR	A	1.25%
PYPL	B	1.08%
BLK	B	1.04%
BK	A	1.01%
NU	C	0.96%
V	A	0.95%
MA	B	0.94%
CME	B	0.88%
MELI	C	0.82%

BITQ Underweight 2 Positions Relative to DAPP

	Symbol	Grade	Weight
	SQ	A	-6.54%
	CAN	C	-3.14%