BITQ Stock Summary and Trading Ideas (Bitwise Crypto Industry Innovators ETF | ARCA:BITQ)

The Fund invests in securities comprising the Index and in depositary receipts representing securities of the Index. The Index was designed by Bitwise Index Services, LLC (the Index Sponsor ) to measure the performance of companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele (i.e., the crypto ecosystem). Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in securities of Crypto Innovators.

Bitwise Crypto Industry Innovators ETF trades on the ARCA stock market under the symbol BITQ.

As of December 16, 2024, BITQ stock price climbed to $21.89 with 281,908 million shares trading.

BITQ has a beta of 2.38, meaning it tends to be more sensitive to market movements. BITQ has a correlation of 0.22 to the broad based SPY ETF.

BITQ has a market cap of $239.70 million. This is considered a Small Cap stock.

In the last 3 years, BITQ traded as high as $24.21 and as low as $3.20.

BITQ has outperformed the market in the last year with a price return of +119.8% while the SPY ETF gained +30.6%. BITQ has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +77.1% and +4.2%, respectively, while the SPY returned +8.4% and +0.8%, respectively.

BITQ support price is $19.63 and resistance is $21.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BITQ shares will trade within this expected range on the day.