Bitwise Crypto Industry Innovators ETF (BITQ) Covered Calls

The Bitwise Crypto Industry Innovators ETF is a thematic equity fund that tracks the Bitwise Crypto Innovators 30 Index. It provides exposure to the "picks and shovels" of the digital asset economy by investing in pure-play service providers, miners, and financial infrastructure firms. In 2026, the fund is distinguished by its heavy allocation to crypto miners that have successfully pivoted to AI and high-performance computing (HPC) hosting, offering a blend of crypto beta and AI growth.

You can sell covered calls on Bitwise Crypto Industry Innovators ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for BITQ (prices last updated Fri 4:16 PM ET):

Bitwise Crypto Industry Innovators ETF (BITQ) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
19.19 +2.45 18.50 23.00 397K - 0.0
Covered Calls For Bitwise Crypto Industry Innovators ETF (BITQ)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 19 0.00 23.00 -17.4% -423.4%
Mar 20 19 0.40 22.60 -15.9% -135.0%
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Extended Business Description

Bitwise Crypto Industry Innovators ETF is a liquid, exchange-traded vehicle designed to capture the growth of companies leading the decentralized economy. Unlike spot ETFs, BITQ focuses on the equity of corporations that derive the majority of their revenue from cryptocurrency-related business activities. Managed by Bitwise Asset Management, the fund is a "non-diversified" product that concentrates its capital in high-conviction industry leaders across mining, brokerage, and institutional infrastructure.

Core Investment Strategy and Operations

  1. Innovator-Focused Indexing: The fund seeks to replicate the Bitwise Crypto Innovators 30 Index. To qualify for inclusion, companies must derive at least 75% of their revenue from the crypto ecosystem or hold at least $100 million in digital assets on their balance sheets. This ensures the portfolio remains a high-purity play on the sector’s operational success.
  2. The 2026 AI Infrastructure Pivot: A significant portion of the fund’s assets is currently allocated to the "mining-to-HPC" sector. Key holdings such as IREN, Cipher Mining, and Applied Digital represent a strategic shift where miners leverage their power capacity for AI model training, providing the fund with diversified revenue streams beyond Bitcoin block rewards.
  3. Institutional Service Leaders: Beyond mining, BITQ maintains core positions in the "gatekeepers" of the industry, including Coinbase Global and MicroStrategy. These companies provide the custody, trading, and treasury functions that underpin institutional adoption.

Competitive Landscape

BITQ is a benchmark for equity-based crypto exposure. It competes directly with the CoinShares Valkyrie Bitcoin Miners ETF for infrastructure-heavy capital and the Global X Blockchain ETF for broader ledger-technology exposure. Against spot Bitcoin products like the iShares Bitcoin Trust, BITQ offers "operational leverage," meaning its holdings can potentially outperform the underlying asset during periods of rapid corporate earnings growth. Other notable 2026 peers include the VanEck Digital Transformation ETF and the Fidelity Crypto Industry and Digital Payments ETF.

Strategic Outlook and Innovation

In early 2026, BITQ is positioned as a "high-beta" alternative for advisors who want to capture the reflexive nature of the crypto market through traditional brokerage accounts. With an expense ratio of 0.85%, the fund targets investors who value Bitwise’s specialized research and "tiering" methodology, which helps filter out lower-quality small-cap stocks. A key innovation for the fund in 2026 is its increased focus on "Bitcoin Standard" corporations—traditional firms like Metaplanet and Circle that are integrating crypto into their core financial structures. As regulatory frameworks like the CLARITY Act provide more certainty to U.S.-based crypto firms, Bitwise expects the fund to benefit from a renewed wave of IPOs in the custody and stablecoin space. By maintaining a concentrated portfolio of 30 leaders, BITQ aims to remain the premier institutional-grade index for the companies building the future of money.