Skip to content
etf.net

BITQ vs LEGR

Bitwise Crypto Industry Innovators ETF

BITQDNYSE Arca

First Trust Indxx Innovative Transaction & Process ETF

LEGRBNasdaq

Overlap

6.5%by weight

Expense ratio

LEGR −0.20pt a year

BITQ0.85%LEGR0.65%

Avg volume · 30D

BITQ 61.7×the volume

BITQ115KLEGR1.87K

5Y return · a year

LEGR +16.8pt

BITQ−6.1%LEGR+10.7%

BITQ vs LEGR Performance

Oct 29, 2021 – Oct 30, 2026

−26.8%BITQ+66.6%LEGR

Oct 29, 2021 to Oct 30, 2026. BITQ −26.8%. LEGR +66.6%. Use the arrow keys to read each point.−75%−50%0%25%Oct 2021Apr 2024Oct 2026
Expense ratio
BITQ 0.85%
LEGR 0.65%, better
Fund size
BITQ $349M
LEGR $124M
1Y total return
BITQ −30.5%
LEGR +13.4%, better
Yield (12M)
BITQ 0.00%
LEGR 1.86%, better
Holdings
BITQ 30
LEGR 109
Avg volume (30D)
BITQ 115K sh, better
LEGR 1.87K sh
NAV per share
BITQ $21.18
LEGR $65.02
52W range

ETF.net Grade

BITQ: Cost 13, Risk 46, Mission not scored, Tradability 61, Holdings 46, Durability 79. LEGR: Cost 55, Risk 97, Mission not scored, Tradability 37, Holdings 89, Durability 77.
Pillar letters and Scores for BITQ, LEGR, with each pillar’s weight
PillarBITQLEGR
Cost30% weightF13B55Higher
Mission25% weightNot scoredNot scored
Risk15% weightC46A97Higher
Tradability15% weightB61HigherD37
Holdings10% weightC46A89Higher
Durability5% weightA79HigherA77

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 LEGR 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 ›

LEGR ranks 3rd 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 4BDAPPVanEck Digital Transformation ETFScore 63
  5. Rank 13CSTBQAmplify Stablecoin Technology ETFScore 40
  6. Rank 16DBITQBitwise Crypto Industry Innovators ETFScore 38
  7. Rank 16DHECOState Street Galaxy Hedged Digital Asset Ecosystem ETFScore 38

Our read on each fund

ETF.net Research

BITQDBitwise Crypto Industry Innovators ETF

LEGRBFirst Trust Indxx Innovative Transaction & Process 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.

LEGR Blockchain, hold the coins. LEGR has tracked the Indxx Blockchain Index since January 2018, owning roughly 110 global companies that build with the technology or stand to benefit from it, rather than the tokens themselves.

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.

LEGR The Fund seeks to track the performance of the Indxx Blockchain Index before fees and expenses. The index targets companies involved with blockchain technology or positioned to benefit from its use in business processes.

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
  • LEGR A first-wave name: launched January 2018, and it has tracked the same blockchain index through a full crypto boom and bust.
  • Picks and shovels, not whitepapers: roughly 110 global stocks either working with blockchain or positioned to benefit from it inside their own business processes.
  • Spreading the theme across about 110 operating companies keeps any single name from dominating, and the fund sits in the upper half of its global thematic peer group.

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
  • LEGR The 0.65% expense ratio sits above the typical fee among global thematic ETFs, and several funds in that group charge a fraction of it.
  • It trades thinly, so bid-ask spreads can run wider than on giant ETFs. Limit orders do real work here.
  • Stocks, not coins. Crypto moves reach this fund only through share prices of companies where blockchain may be one line in a much larger business.

Full BITQ profile⁠

Full LEGR profile⁠

BITQ vs LEGR Holdings

How BITQ and LEGR differ

Overlap by weight

6.5%

Shared holdings make up 12.1% of BITQ and 6.5% of LEGR.

Level by level

  • Holdings6 in both6.5%
  • Countryby domicile45.3%
  • Sector9 Sectors72.1%
  • Asset classEquity100%

Sector

Sector weights in BITQ and LEGR, widest gap first
SectorMore in BITQMore in LEGR
FinancialsBITQ +21.8 points
CommunicationLEGR +8.5 points
IndustrialsLEGR +6.3 points
TechnologyBITQ +6.1 points
Consumer DiscretionaryLEGR +5.7 points
UtilitiesLEGR +3.0 points
MaterialsLEGR +2.0 points
Consumer StaplesLEGR +1.4 points
EnergyLEGR +1.0 points

Country, concentration and asset class

Country by domicile

Country weights in BITQ and LEGR, widest gap first
CountryMore in BITQMore in LEGR
United StatesBITQ +50.0 points
ChinaLEGR +13.1 points
GermanyLEGR +6.8 points
United KingdomLEGR +5.9 points
AustraliaLEGR +5.0 points
IndiaLEGR +4.2 points
JapanLEGR +3.8 points
CanadaLEGR +3.7 points
Other countries (11)LEGR +7.7 points

Outside the US: LEGR 67% developed, 33% emerging.

Concentration

Weight in the 10 largest Holdings

  • BITQ60.9%
  • LEGR13.2%

Securities held

  • BITQ30
  • LEGR100

Asset class

BITQ
Equity
LEGR
Equity

Holdings

  • Only in BITQ24
  • In both6
  • Only in LEGR94

Only in BITQ

24 securities, 87.9% of BITQ by weight

  • Strategy12.25%
  • Coinbase Global10.42%
  • Circle Internet Group9.52%

Only in LEGR

94 securities, 93.0% of LEGR by weight

  • Lockheed Martin Corporation1.43%
  • Walmart Inc.1.39%
  • S&P Global Inc.1.35%

Weight gaps

All 6 Holdings in both funds, largest gap first.

Holding weights in BITQ and LEGR, widest gap first
HoldingMore in BITQMore in LEGR
VisaVBITQ +1.21 points
MastercardMABITQ +1.20 points
Bank of New York MellonBNYBITQ +0.98 points
CME GroupCMEBITQ +0.84 points
BlackRockBLKBITQ +0.77 points
Morgan StanleyMSBITQ +0.67 points

All 30 BITQ holdings⁠All 103 LEGR 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 LEGR Cost

Overpaying BITQ vs LEGR

$3,482

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

  • BITQ 0.85%

    $16,199

  • LEGR 0.65%

    $12,717

$10,000
30 years

Cost over time

  • BITQ 0.85%
  • LEGR 0.65%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BITQ $16,199LEGR $12,717

Year by year

YearBITQLEGROverpaying
10$1,508$1,163$345
20$5,706$4,440$1,266
30$16,199$12,717$3,482

Expense ratio

  • 0.85%BITQ
  • 0.65%LEGR, cheaper
  • Middle half of Crypto Industry Stocks funds
  • Median 0.66%

LEGR 8th cheapest of 20 funds

BITQ 16th cheapest of 20 funds

BITQ vs LEGR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITQ 0.00%
LEGR 1.86%, better
Payout (12M)
BITQ None
LEGR $1.20
Last payment
BITQ No data
LEGR $0.18
Ex-dividend
BITQ No data
LEGR Sep 24, 2026
Paid on
BITQ No data
LEGR Sep 30, 2026
Frequency
BITQ No data
LEGR Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

BITQ3 paymentsAll BITQ payments⁠
One bar per payment. 3 payments from 2018 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$0.50202020232026YTD
LEGRQuarterly · 35 paymentsAll LEGR payments⁠
One bar per payment. 35 payments from 2018 to 2026 YTD. Mar 22, 2018 $0.01; Jun 21, 2018 $0.12; Sep 14, 2018 $0.10; Dec 18, 2018 $0.10; Mar 21, 2019 $0.08; Jun 14, 2019 $0.20; Sep 25, 2019 $0.27; Dec 13, 2019 $0.11; Mar 26, 2020 $0.03; Jun 25, 2020 $0.14; Sep 24, 2020 $0.09; Dec 24, 2020 $0.10; Mar 25, 2021 $0.03; Jun 24, 2021 $0.27; Sep 23, 2021 $0.17; Dec 23, 2021 $0.32; Mar 25, 2022 $0.06; Jun 24, 2022 $0.51; Sep 23, 2022 $0.24; Dec 23, 2022 $0.09; Mar 24, 2023 $0.11; Jun 27, 2023 $0.48; Sep 22, 2023 $0.28; Dec 22, 2023 $0.17; Mar 21, 2024 $0.09; Jun 27, 2024 $0.54; Sep 26, 2024 $0.26; Dec 13, 2024 $0.22; Mar 27, 2025 $0.13; Jun 26, 2025 $0.56; Sep 25, 2025 $0.15; Dec 12, 2025 $0.26; Mar 26, 2026 $0.14; Jun 25, 2026 $0.62; Sep 24, 2026 $0.18. Use the arrow keys to read each point.$0$0.50202020232026YTD

BITQ vs LEGR Risk

Fall from peak · 5 years

  • BITQ
  • LEGR
Oct 29, 2021 to Oct 30, 2026. Worst fall: BITQ −90.3% · Dec 2022. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
BITQ 62.0%LEGR 11.7%, better
Return per unit of riskSharpe ratio, 3 years
BITQ 0.80LEGR 1.59, better
Worst fallMax drawdown, 5 years
BITQ −90.3%LEGR −31.5%, better
Market sensitivityBeta, 5 years
BITQ 3.52LEGR 0.89

BITQ and LEGR in the news

All news⁠

Popular comparisons

  • BITQDvsSTCEA

    Bitwise Crypto Industry Innovators ETF · Schwab Crypto Thematic ETF

    Expense ratio
    0.85% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • LEGRBvsSTCEA

    First Trust Indxx Innovative Transaction & Process ETF · Schwab Crypto Thematic ETF

    Expense ratio
    0.65% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BITQDvsFDIGA

    Bitwise Crypto Industry Innovators ETF · Fidelity Crypto Industry and Digital Payments ETF

    Expense ratio
    0.85% · 0.39%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • LEGRBvsFDIGA

    First Trust Indxx Innovative Transaction & Process ETF · Fidelity Crypto Industry and Digital Payments ETF

    Expense ratio
    0.65% · 0.39%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BITQDvsDAPPB

    Bitwise Crypto Industry Innovators ETF · VanEck Digital Transformation ETF

    Expense ratio
    0.85% · 0.52%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • LEGRBvsDAPPB

    First Trust Indxx Innovative Transaction & Process ETF · VanEck Digital Transformation ETF

    Expense ratio
    0.65% · 0.52%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.