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BITQ vs FDIG

Bitwise Crypto Industry Innovators ETF

BITQDNYSE Arca

Fidelity Crypto Industry and Digital Payments ETF

FDIGANasdaq

Overlap

37.3%by weight

Expense ratio

FDIG −0.46pt a year

BITQ0.85%FDIG0.39%

Avg volume · 30D

BITQ 4.2×the volume

BITQ115KFDIG27.5K

3Y return · a year

BITQ +12.8pt

BITQ+42.4%FDIG+29.6%

BITQ vs FDIG Performance

Oct 31, 2025 – Oct 30, 2026

−30.5%BITQ−36.3%FDIG

Oct 31, 2025 to Oct 30, 2026. BITQ −30.5%. FDIG −36.3%. Use the arrow keys to read each point.−20%−10%0%Oct 2025Apr 2026Oct 2026
Expense ratio
BITQ 0.85%
FDIG 0.39%, better
Fund size
BITQ $349M
FDIG $253M
1Y total return
BITQ −30.5%, better
FDIG −36.3%
Yield (12M)
BITQ 0.00%
FDIG 1.89%, better
Holdings
BITQ 30
FDIG 72
Avg volume (30D)
BITQ 115K sh, better
FDIG 27.5K sh
NAV per share
BITQ $21.18
FDIG $33.38
52W range

ETF.net Grade

BITQ: Cost 13, Risk 46, Mission not scored, Tradability 61, Holdings 46, Durability 79. FDIG: Cost 89, Risk 52, Mission not scored, Tradability 71, Holdings 81, Durability 72.
Pillar letters and Scores for BITQ, FDIG, with each pillar’s weight
PillarBITQFDIG
Cost30% weightF13A89Higher
Mission25% weightNot scoredNot scored
Risk15% weightC46C52Higher
Tradability15% weightB61A71Higher
Holdings10% weightC46A81Higher
Durability5% weightA79HigherA72

Rank among Crypto Industry Stocks funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BITQ and FDIG are both graded against the same 20 Crypto Industry Stocks funds, so their Grades compare head to head.

Crypto Industry Stocks⁠

Category · 20 funds
See all 20 ›

FDIG ranks 2nd and BITQ 16th of 20 funds in the Crypto Industry Stocks Category.

  1. Rank 1ASTCESchwab Crypto Thematic ETFScore 77
  2. Rank 2AFDIGFidelity Crypto Industry and Digital Payments ETFScore 76
  3. Rank 3BLEGRFirst Trust Indxx Innovative Transaction & Process ETFScore 65
  4. Rank 13CSTBQAmplify Stablecoin Technology ETFScore 40
  5. Rank 16DBITQBitwise Crypto Industry Innovators ETFScore 38
  6. Rank 16DHECOState Street Galaxy Hedged Digital Asset Ecosystem ETFScore 38

Our read on each fund

ETF.net Research

BITQDBitwise Crypto Industry Innovators ETF

FDIGAFidelity Crypto Industry and Digital Payments 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.

FDIG Crypto exposure through the companies, not the coins: roughly 50 miners, exchanges and digital payments processors, weighted by how heavily they trade rather than how big they are, in a Fidelity-built index priced below the thematic norm.

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.

FDIG The fund seeks to track the performance of the Fidelity Crypto Industry and Digital Payments Index before fees and expenses. It normally invests at least 80% of assets in equity securities or depositary receipts included in that index.

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
  • FDIG Runs 0.39%, under the 0.56% median for global thematic funds. Cheap real estate in a corner of the market where niche fees usually bite.
  • Weights positions by trading volume rather than market cap, so the largest company in the group is not automatically the largest holding.fidelity.comfidelity.com 2
  • Two engines under one ticker: crypto miners and exchanges on one side, digital payments processors on the other, about 50 names in all.fidelity.com
  • Fidelity builds the index itself, screening on revenue plus text analysis of company disclosures, and rebalances quarterly over four days.fidelity.com

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
  • FDIG Non-diversified and industry-narrow. Fidelity's own documents flag bigger swings and meaningful exposure to a small number of issuers.fidelity.com
  • You own crypto-linked equities, not crypto. Miners and payment processors can respond to very different news on any given day.fidelity.com
  • Volume runs light next to the ETF giants, so spreads can widen and the market price can sit at a premium or discount to net asset value.fidelity.com

Full BITQ profile⁠

Full FDIG profile⁠

BITQ vs FDIG Holdings

How BITQ and FDIG differ

Overlap by weight

37.3%

Shared holdings make up 59.8% of BITQ and 38.0% of FDIG.

Level by level

  • Holdings16 in both37.3%
  • Countryby domicile79.9%
  • Sector6 Sectors87.0%
  • Asset classEquity100%

Sector

Sector weights in BITQ and FDIG, widest gap first
SectorMore in BITQMore in FDIG
FinancialsBITQ +12.9 points
TechnologyFDIG +8.6 points
IndustrialsFDIG +1.8 points
CommunicationFDIG +1.5 points
UtilitiesFDIG +1.2 points
Consumer DiscretionaryBITQ +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in BITQ and FDIG, widest gap first
CountryMore in BITQMore in FDIG
United StatesBITQ +14.3 points
AustraliaFDIG +5.3 points
JapanFDIG +5.2 points
Hong KongBITQ +3.4 points
CanadaFDIG +3.0 points
ItalyFDIG +1.8 points
SingaporeBITQ +1.7 points
NetherlandsFDIG +1.4 points
Other countries (6)FDIG +2.7 points

Concentration

Weight in the 10 largest Holdings

  • BITQ60.9%
  • FDIG43.8%

Securities held

  • BITQ30
  • FDIG60

Asset class

BITQ
Equity
FDIG
Equity

Holdings

  • Only in BITQ14
  • In both16
  • Only in FDIG44

Only in BITQ

14 securities, 40.2% of BITQ by weight

  • Strategy12.25%
  • Hyperliquid Strategies5.45%
  • Figure3.62%

Only in FDIG

44 securities, 70.4% of FDIG by weight

  • Securities Lending Cf8.67%
  • Iren Ltd4.28%
  • Block Inc Class A3.40%

Weight gaps

All 16 Holdings in both funds, largest gap first.

Holding weights in BITQ and FDIG, widest gap first
HoldingMore in BITQMore in FDIG
Coinbase GlobalCOINBITQ +4.54 points
Circle Internet GroupCRCLBITQ +4.24 points
SecuritizeSECZBITQ +2.53 points
Galaxy Digital HoldingsGLXYBITQ +1.87 points
Bitdeer Technologies GroupBTDRBITQ +1.79 points
CleanSparkCLSKBITQ +1.57 points
BullishBLSHBITQ +1.39 points
MARA HoldingsMARABITQ +1.02 points

All 30 BITQ holdings⁠All 46 FDIG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BITQ vs FDIG Cost

Overpaying BITQ vs FDIG

$8,301

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BITQ 0.85%

    $16,199

  • FDIG 0.39%

    $7,898

$10,000
30 years

Cost over time

  • BITQ 0.85%
  • FDIG 0.39%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BITQ $16,199FDIG $7,898

Year by year

YearBITQFDIGOverpaying
10$1,508$705$803
20$5,706$2,725$2,981
30$16,199$7,898$8,301

Expense ratio

  • 0.85%BITQ
  • 0.39%FDIG, cheaper
  • Middle half of Crypto Industry Stocks funds
  • Median 0.66%

FDIG 3rd cheapest of 20 funds

BITQ 16th cheapest of 20 funds

BITQ vs FDIG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITQ 0.00%
FDIG 1.89%, better
Payout (12M)
BITQ None
FDIG $0.63
Last payment
BITQ No data
FDIG $0.02
Ex-dividend
BITQ No data
FDIG Sep 18, 2026
Paid on
BITQ No data
FDIG Sep 22, 2026
Frequency
BITQ No data
FDIG Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

BITQ3 paymentsAll BITQ payments⁠
One bar per payment. 3 payments from 2021 to 2026 YTD. Dec 28, 2021 $0.66; Dec 26, 2023 $0.18; Dec 30, 2024 $0.15. Use the arrow keys to read each point.$0$0.5020232026YTD
FDIGQuarterly · 8 paymentsAll FDIG payments⁠
One bar per payment. 8 payments from 2021 to 2026 YTD. Dec 15, 2023 $0.05; Dec 20, 2024 $0.37; Dec 30, 2024 $0.006; Sep 19, 2025 $0.02; Dec 19, 2025 $0.42; Mar 20, 2026 $0.03; Jun 18, 2026 $0.15; Sep 18, 2026 $0.02. Use the arrow keys to read each point.$0$0.5020232026YTD

BITQ vs FDIG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BITQ 62.0%FDIG 57.6%, better
Return per unit of riskSharpe ratio, 3 years
BITQ 0.80, betterFDIG 0.65
Worst fallMax drawdown, 5 years
BITQ −90.3%FDIG −58.3%since Apr 2022
Market sensitivityBeta, 5 years
BITQ 3.52FDIG 3.46

BITQ and FDIG in the news

All news⁠

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