BITQ vs. MSTX ETF Comparison

Comparison of Bitwise Crypto Industry Innovators ETF (BITQ) to Defiance Daily Target 1.75x Long MSTR ETF (MSTX)

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

$18.65

Average Daily Volume

110,941

Number of Holdings ^*

18

* may have additional holdings in another (foreign) market

MSTX

Defiance Daily Target 1.75x Long MSTR ETF

MSTX Description

Grade (RS Rating)

Last Trade

$85.22

Average Daily Volume

4,483,415

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	BITQ	MSTX
30 Days	31.71%	136.20%
60 Days	50.89%	290.20%
90 Days	50.65%	312.29%
12 Months	149.93%

1 Overlapping Holdings

	Symbol	Grade	Weight in BITQ	Weight in MSTX	Overlap
	MSTR	B	14.16%	8.69%	8.69%

BITQ Overweight 17 Positions Relative to MSTX

	Symbol	Grade	Weight
	COIN	B	10.37%
	MARA	B	8.63%
	WULF	C	5.93%
	CIFR	C	5.38%
	RIOT	C	5.22%
	IREN	C	4.68%
	CLSK	C	4.51%
	APLD	D	3.32%
	BTBT	B	2.2%
	IBKR	A	1.22%
	PYPL	A	1.06%
	BK	B	1.05%
	NU	B	1.0%
	MA	B	0.98%
	V	A	0.98%
	CME	B	0.9%
	MELI	D	0.8%

BITQ Underweight 0 Positions Relative to MSTX

	Symbol	Grade	Weight

BITQ: Top Represented Industries & Keywords

Industries: Capital Markets Credit Services Software - Application Asset Management Banks - Diversified Business Services Financial Data & Stock Exchanges Software - Infrastructure Specialty Chemicals Specialty Retail

Keywords: Bitcoin Payment Systems Bitcoin Mining Cryptocurrency S&P 500 Debit Card Digital Currencies Economics Of Bitcoin Computing Decentralization E-Commerce Fintech Blockchain Credit Card Cryptography Currency E Commerce E Commerce Payment System Futures Exchanges IBD 50

MSTX: Top Represented Industries & Keywords

Industries: Software - Application

Keywords: Analytical Applications Business Analysis Business Intelligence Computing Data Management Distribution Services Enterprise Software Intelligence Applications Microstrategy OLAP Online Analytical Processing Public Services Software Platform Transaction Services