BITQ vs DAPP

BITQDBitwise Crypto Industry Innovators ETF

DAPPBVanEck Digital Transformation ETF

In short

BITQ The crypto purist's stock basket. BITQ tracks a Bitwise-built index of about 30 companies, with most of the weight reserved for firms that earn the bulk of their revenue from crypto itself, not tech giants running a blockchain side project.

DAPP Crypto exposure without the crypto. DAPP holds the equities of the digital-asset economy (exchanges, miners, infrastructure) and by its own mandate never buys a coin, a coin derivative, or an ICO.

Stated mandate

BITQ The Fund seeks to track the total return of the Bitwise Crypto Innovators 30 Index before fees and expenses. The Index targets companies substantially connected to the cryptocurrency ecosystem.

DAPP Before fees and expenses, the Fund seeks to follow the price and yield performance of the MVIS Global Digital Assets Equity Index, which is designed to represent companies participating in digital-asset economies.

Why people hold it

• BITQ Index rules reserve at least 85% of weight for pure-plays: companies with over 75% of revenue from crypto or 75% of net assets in crypto. Diversified megacaps get the leftovers.bitwiseinvestments.com
• Built by a crypto-native shop. Bitwise designed the 30-stock index with Moorgate Benchmarks, and it rebalances quarterly as the industry's leaders shuffle.bitwiseinvestments.com
• Trading since 2021, so it has lived through a full crypto drawdown and recovery in public view.
• A plain 1940 Act ETF you buy in a brokerage account. No wallets, no keys, no exchange logins.bitqetf.com

• DAPP A clean split of the trade: you own the businesses built around digital assets, while the fund is barred from holding the assets themselves or derivatives on them.usnews.comaaii.com
• 0.52% expense ratio, a shade under the typical global thematic fund, for a rules-based index rather than a manager's hunches.
• One of the more actively traded names in its thematic peer group, which generally means less bid-ask friction on the way in and out.
• Launched in 2021, early to the crypto-equity shelf, and built on VanEck's own MVIS Global Digital Assets Equity Index.

Worth knowing

• BITQ The 0.85% fee sits above the category's middle. Global X's BKCH runs 0.50% and Amplify's BLOK 0.70% for broader blockchain baskets.
• About 30 stocks in one industry, weighted toward exchanges and miners, so a single company's news can move the whole fund.
• This owns crypto-linked company stock, not coins, so its path can look different from the assets those firms trade and mine.bitwiseinvestments.com

• DAPP Non-diversified by design and concentrated in miners and exchanges, so a single company's stumble can move the whole fund.usnews.comaaii.com
• These companies live off digital-asset activity, so the ride tends to track the crypto cycle even though no coins are held.
• Not an income holding: nothing was paid out over the past year, so the whole case rests on share prices.

Full BITQ profile⁠

Full DAPP profile⁠