ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. ETF of the Week: Bitwise Crypto Industry Innovators ETF (BITQ)
News
Share

ETF of the Week: Bitwise Crypto Industry Innovators ETF (BITQ)

Aaron NeuwirthAug 06, 2021
2021-08-06

ETF Trends CEO Tom Lydon discussed the Bitwise Crypto Industry Innovators ETF (BITQ ) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.

BITQ tracks an index designed with Bitwise’s industry expertise to identify the pioneering companies that generate most of their revenue from their crypto business activities. It’s a traditional ETF. Blockchain companies have rallied as cryptocurrencies come back under the limelight, and BITQ was among the better-performing ETFs of the past week.

Amazon

Blockchain sector-related exchange traded funds surged on rumors that Amazon plans to accept cryptocurrencies as payment. According to an anonymously sourced report in the London newspaper City A.M., Amazon has plans to accept the cryptocurrency Bitcoin by the end of 2021.

This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future. It’s believed that this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work.

The insider stated that Bitcoin would be the first of eight cryptocurrencies Amazon could accept. The report also claimed that Amazon’s crypto plans have been in the works since 2019, and it “won’t take long” for the company to fully accept crypto as a form of payment for its online transactions.

Amazon could even begin developing its own cryptocurrency, allowing shoppers to earn rewards for paying through Amazon’s “native coin.” Adding to this speculation, Amazon revealed it was hiring a cryptocurrency expert. Plus, Amazon is advertising for a “digital currency and blockchain product lead” to look at “how Amazon’s customers pay.”


Content continues below advertisement

Tesla

Elon Musk has hinted at how much Bitcoin Tesla holds after a Twitter user shared a rough estimate of its holdings. Dave Lee suggested Tesla should be holding 42,069 in Bitcoin and that the total holding may amount to $1.47 billion. Musk said that “we don’t have that many Bitcoin, but it’s close.”

“Tesla likely to start accepting bitcoin as payment again,” Elon Musk stated. Musk stated that Tesla could resume accepting Bitcoin if the crypto’s mining was more environmentally friendly.

“I wanted a little bit more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number, and if so, Tesla would resume accepting bitcoin,” Musk said.

Twitter

Twitter CEO Jack Dorsey confirmed to investors that Bitcoin would be a “big part” of the company’s future. He sees opportunities to integrate the cryptocurrency into existing Twitter products and services, including commerce, subscriptions, and other new additions like the Twitter Tip Jar and Super Follows.

BITQ

BITQ offers investors a “picks and shovels” approach to investing in the crypto economy. It offers exposure to the fast-growing Bitcoin and crypto economy without the complications of owning cryptocurrencies like Bitcoin directly.

As noted, the fund tracks the Bitwise Crypto Innovators 30 Index. 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).

Listen to the full podcast episode on BITQ:

For more podcast episodes featuring Tom Lydon, visit our podcasts category.

» Popular Pages

  • Tickers
  • Articles

Feb 03

Main Management Market Note: February 3, 2023

Feb 03

SPYI, a High-Income ETF Within Equities, Up 10%

Feb 03

Navigating Exchange FOMO for Advisors

Feb 03

In 2022, Main Supply of EU Electricity Was Renewable

Feb 03

VettaFi’s ETF Rising Stars: January 2023

Feb 03

Big Tech Is No Longer Certain; Consider Active

Feb 03

Equal-Weight Cloud Computing ETF WCLD Hits Buy Signal

Feb 03

American Century's KORP, VALQ Hit 5-Year Mark

Feb 03

Bitcoin Opens 2023 Strong, Outperforms Bonds

Feb 03

These 2 ETFs Show Growth Is Back in Style

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

SMH

VanEck Semiconductor ETF

XLK

Technology Select Sector SPDR...

VTI

Vanguard Total Stock Market...

SOXX

iShares Semiconductor ETF

BLOK

Amplify Transformational Data...

META

Roundhill Ball Metaverse ETF


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X