BUY Conviction3/5 Analysis quality72/100 now
Joseph Hogue recommends BITQ as a more diversified play in the crypto industry, including mining companies, platforms like Coinbase, and providers like Circle Internet Group. He highlights its better diversification across individual stocks compared to WGMI, making it a suitable investment for when the crypto market rebounds, despite current volatility.
“A closer play into the crypto industry and one I wouldn't ignore is the Bitwise crypto industry innovators ETF ticker BITQ which even though Bitcoin is down 43% the fund has managed to produce a 32% return over the past year.”