Share this article
Bitwise Launches ETF of 30 'Pure-Play' Crypto Firms Like Coinbase, MicroStrategy
The ETF will aim to track Bitwise's list of top crypto firms and includes companies with $100 million or more of liquid crypto assets on their balance sheet.
Updated Sep 14, 2021, 12:54 p.m. Published May 12, 2021, 2:14 p.m.
Crypto asset manager Bitwise has come to market with a new exchange-traded fund (ETF) that offers investors exposure to companies in the cryptocurrency sector.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The Bitwise Crypto Industry Innovators ETF is now live on the New York Stock Exchange with the ticker "BITQ".
- The product aims to track Bitwise's Crypto Industry Innovators 30 Index, the firm's list of “pure-play" crypto companies.
- Those companies must have either 75% of income derived from cryptocurrency or 75% of their net assets in crypto.
- Firms with $100 million or more of liquid crypto assets on their balance sheet are also included.
- The index allows for firms to be added quickly should they hold an initial coin offering or direct listing, as happened when Coinbase (COIN) listed on the Nasdaq in April.
- Bitwise, which says it now has over $1.5 billion in assets under management, has previously launched a number of crypto index funds, including one focused on decentralized finance, or DeFi .
Also read: DeFi Index Fund Is Bitwise’s Fastest Grower, With $32.5M in 2 Weeks: Hougan
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin gets 'base case' price target of $143,000 at Citigroup
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
What to know:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
Top Stories
