Bitwise Crypto Industry Innovators ETF
Data updated: 2025-11-28
C000226945 — Bitwise Crypto Industry Innovators ETF. United States Mid Cap Blend / Core Thematic Equity. Holdings, fees, performance and SEC filings.
C000226945 Fund Overview
Bitwise Crypto Industry Innovators ETF is a US ETF managed by Exchange Traded Concepts Trust, categorised as United States Mid Cap Blend / Core Thematic Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Exchange Traded Concepts Trust
- Category: United States Mid Cap Blend / Core Thematic Equity
- Assets under management: $414.46M
- 1-year return: 89.2%
- SEC CIK: 0001452937
- SEC series ID: S000071591
- Share class ID: C000226945
C000226945 Investment Objective and Strategy
Bitwise Crypto Industry Innovators ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Exchange Traded Concepts Trust.
Investment objective
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).
Principal investment strategy
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, as defined below. In constructing the Index, the Index Sponsor identifies a two-tiered universe of companies as follows: 1) Tier 1 Companies (Crypto Innovators).
Companies that: (a) derive more than 75% of their revenue directly from the crypto ecosystem; or (b) have more than 75% of their net assets accounted for by direct holdings of bitcoin, ether, or another liquid crypto asset and, in either case, are not involved in bankruptcy proceedings. Crypto Innovators will make up 85% of the Index at the time of each rebalance. 2) Tier 2 Companies. Companies that are not classified as Crypto Innovators, have a market capitalization of at least $10 billion, and either: (a) have a significant dedicated business initiative explicitly focused on the crypto ecosystem that is reported in at least one of the companys official quarterly or annual filings from the past 12 months, including initiatives involving the purchase, sale, development, custody, mining, trading, transacting in, processing transactions with, or holding of crypto assets or derivative instruments that track the value of crypto assets; or (b) hold at least $100 million of bitcoin, ether, or another liquid crypto asset as a balance sheet asset.
Tier 2 Companies will make up 15% of the Index at the time of each rebalance. Companies identified as part of the universe described above are then subject to certain eligibility criteria, including that the companys shares be listed on an eligible stock exchange, as determined by the Index Sponsor. Companies are also screened for size (companies must have a minimum market capitalization of at least $100 million at the time of initial inclusion), liquidity (shares must have a 3-month average daily traded value of at least $1 million), and free float (shares must have a free float, which refers to the portion of shares publicly available for purchase on the secondary market, of at least 10%). Shares of common stock, units, tracking stocks, American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) are eligible for inclusion in the Index.
Where securities of eligible companies have multiple share classes listed on major exchanges, the most liquid share class is included as determined by the average daily traded value for the sixth month period preceding the date companies are screened for inclusion. The Index may include securities of non-U.S. issuers (including emerging market issuers), China A-shares (which are shares of mainland China-based companies that trade on the Chinese stock exchanges), and securities issued in an initial public offering (IPO). The Index may include companies that only have indirect involvement in the crypto ecosystem. After applying the above screening criteria, the Index comprises the top 20 Crypto Innovators and the top 10 Tier 2 Companies, in each case selected by market capitalization. Crypto Innovators are weighted according to free float-adjusted market capitalization and Tier 2 Companies are equally weighted.
For all companies included in the Index, the exposure to the securities of any single issuer is limited to 10%. The Index is reconstituted and rebalanced on a quarterly basis. If, in between quarterly rebalances, the cumulative weight of Crypto Innovators falls below 80% of the Index, the Index Sponsor will implement a special rebalance to restore the cumulative weight of Crypto Innovators to be 85% of the Index. As of July 1, 2025, the Index comprised 30 component securities with an average market capitalization of $13.460 billion. The Fund will not invest in crypto assets directly or through the use of derivatives. The Fund also will not invest in initial coin offerings. The Fund may, however, have indirect exposure to crypto assets by virtue of its investments in companies that use one or more crypto assets as part of their business activities or that hold crypto assets as proprietary investments.
Because the Fund will not invest directly in any cryptocurrency, it will not track price movements of any cryptocurrency. The Fund employs a passive management investment strategy designed to track the performance of the Index. Exchange Traded Concepts, LLC (the Adviser) generally will use a replication methodology, meaning it will invest in all of the securities comprising the Index in proportion to their respective weightings in the Index. However, the Adviser may utilize a sampling methodology under various circumstances, including when it may not be possible or practicable to purchase all of the securities in the Index. The Adviser expects that over time, if the Fund has sufficient assets, the correlation between the Funds performance, before fees and expenses, and that of the Index will be 95% or better.
A figure of 100% would indicate perfect correlation. The Fund may invest up to 20% of its total assets in investments that are not included in the Index, but that the Adviser believes will help the Fund track the performance of the Index. The Fund will concentrate its investments ( i.e. , invest more than 25% of its total assets) in a particular industry or group of industries to approximately the same extent that the Index concentrates in an industry or group of industries. As of July 1, 2025, the Index was concentrated in the Blockchain and Cryptocurrency Industry. In addition, in replicating the Index, the Fund may from time to time invest a significant portion of its assets in the securities of companies in one or more sectors. As of July 1, 2025, a significant portion of the Index consisted of companies in the Information Technology Sector.
The Fund is classified as a non-diversified investment company under the Investment Company Act of 1940 (the 1940 Act) and, therefore, may invest a greater percentage of its assets in a particular issuer than a diversified fund.
C000226945 Holdings
Top 10 holdings of Bitwise Crypto Industry Innovators ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Short-Term Investments Trust Invesco Govt & Agency Portf | 13.83% |
| Iren Limited | 12.54% |
| Coinbase Global, Inc. | 9.14% |
| Strategy, Inc. | 8.67% |
| Applied Digital Corporation | 5.27% |
| Cleanspark, Inc. | 4.94% |
| Riot Platforms, Inc. | 4.80% |
| Mara Holdings, Inc. | 4.59% |
| Core Scientific, Inc. | 4.56% |
| Cipher Mining Inc. | 4.15% |
C000226945 Portfolio Allocation
Asset-class allocation of Bitwise Crypto Industry Innovators ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.4% |
| Cash & Equivalents | 13.8% |
C000226945 Performance
Total returns for C000226945 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 89.2% |
| 3 years (annualised) | 58.7% |
C000226945 Risk Information
Risk metrics for C000226945, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 63.9%
C000226945 Costs and Fees
C000226945 costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 0.85%
- Portfolio turnover: 58%
- Brokerage commissions: 8.59 bps of average net assets (SEC N-CEN)
C000226945 Cashflows
Over the 12 months to 2025-09, Bitwise Crypto Industry Innovators ETF had net inflows of $141.61M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-09 | $23.98M |
| 2025-08 | $41.07M |
| 2025-07 | $29.48M |
| 2025-06 | −$3.81M |
| 2025-05 | $1.98M |
| 2025-04 | $1.43M |
C000226945 Debt Constituents
No individual debt constituents are reported in Bitwise Crypto Industry Innovators ETF's latest SEC N-PORT filing.
C000226945 Prospectus and SEC Filings
Official Bitwise Crypto Industry Innovators ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-07-28
- Prospectus (485BPOS) — filed 2024-07-26
- Prospectus (485BPOS) — filed 2023-07-28
- Portfolio holdings (N-PORT) — filed 2025-11-28
- Portfolio holdings (N-PORT) — filed 2025-08-28
- Portfolio holdings (N-PORT) — filed 2025-05-30
- Annual census (N-CEN) — filed 2025-06-12
- Annual census (N-CEN) — filed 2024-06-14
Related Funds
Other United States Mid Cap Blend / Core Thematic Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.