Generated September 6, 2026.
Overview
These four securities offer different angles on crypto and blockchain exposure. BITQ and BLOK are actively and passively managed equity ETFs investing in companies that build or use blockchain technology (miners, exchanges, software vendors). DAPP tracks a broader digital transformation index that includes blockchain but spans wider technology exposure. TKNZ is the only fund with direct crypto asset holdings, pairing actively managed digital assets with crypto-related equities—a structural distinction that sets it apart from the others' company-focused approach. Among the equity-only trio, BLOK is actively managed with 0.70% fees and $1.15B in assets, BITQ offers passive exposure with 0.85% fees and $464M in assets, and DAPP tracks a passive index at 0.52% with $376M.
Second, income profiles diverge sharply. Third, volatility differs markedly: DAPP carries a 3.76 beta, BITQ a 3.35 beta, and BLOK a 2.54 beta, reflecting different underlying exposures and strategies. TKNZ, launched 07/16/2026, has the smallest asset base at $21.5M.
Who each is best for
BITQ: Fits investors seeking concentrated exposure to pure-play blockchain companies at a mid-range expense ratio and with no distribution drag, willing to accept equity-market volatility.
BLOK: Fits investors drawn to active management of blockchain equities who want a token dividend yield and are comfortable with the longer operating history—8 years old—of an established fund.
DAPP: Fits investors preferring a low-cost indexed approach to digital transformation, accepting broader tech exposure beyond pure blockchain in exchange for cost efficiency and passive discipline.
TKNZ: Fits investors seeking direct exposure to digital assets (Bitcoin, Ethereum) blended with crypto-related equities and willing to accept the concentration risk and startup phase of a newly launched fund under $25 million in assets.
Key risks to know
- Crypto-equity correlation: All four funds' holdings may move together during broad market stress in digital assets. Holding multiple crypto-equity ETFs does not diversify away the sector's underlying volatility; verify holdings overlap before combining positions.
- NAV tracking risk for index funds: DAPP and BITQ aim to track index performance but will experience drag from fees and execution costs, especially during high-volume trading days when rebalancing demands are heavy.
- Active management concentration: BLOK and TKNZ concentrate holdings in smaller portfolios selected by active managers; if the manager's thesis underperforms, the concentrated bet compounds losses relative to diversified indexes.
- Startup and liquidity risk: TKNZ launched in 07/16/2026 with $21.5M in assets; limited trading volume and nascent asset base create wider bid-ask spreads and higher risk that the fund fails to attract sufficient capital to remain open.
Bottom line
If you want pure blockchain-company exposure with low costs and no distributions, DAPP's index approach offers 0.52% fees. If you prefer active management and a modest yield, BLOK offers longer track record and $1.15B in scale. If direct crypto ownership is your goal, TKNZ is the only choice—but its microscopic asset base and recent launch carry real execution risk. BITQ sits between, offering passive stock picking without the active label or dividend. Past performance in digital assets does not predict future results, and all four carry above-market volatility risk.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
