BITQ
Not rated
No published distribution safety rating is available.
ETF Comparison
BITQ vs DAPP: Which Is the Better Pick in 2026?
A head-to-head comparison of Bitwise Crypto Industry Innovators ETF and VanEck Digital Transformation ETF covering yield, cost, risk, and income potential.
Updated November 6, 2026
How these figures are calculated: methodology.
Best for
- BITQInvestors who want straightforward crypto exposure for the long run.
- DAPPInvestors who want straightforward crypto exposure for the long run.
Price and total return
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Distribution Safety Score
An estimate of distribution reliability, not price or principal safety, a probability, or a guarantee. Score methodology.
DAPP
Not rated
No published distribution safety rating is available.
Score snapshot as of . Method 1.11.
Side-by-side snapshot
| Metric |  BITQ |  DAPP |
|---|---|---|
| Full name | Bitwise Crypto Industry Innovators ETF | VanEck Digital Transformation ETF |
| Issuer | Bitwise Investments | VanEck |
| Last Close | $18.30 as of November 6, 2026 | $13.63 as of November 6, 2026 |
| Distribution rate | — | — |
| Distribution Safety Score™ | — | — |
| Expense ratio | 0.85% | 0.52% |
| AUM | $356M | $222M |
| Distribution frequency | None | None |
| Underlying index | — | MVIS Global Digital Assets Equity Index |
| Objective | Invests in companies participating in the crypto ecosystem. | Seeks to track, before fees and expenses, the price and yield performance of an index of companies that are positioned to benefit from the digital transformation of the economy, including digital asset infrastructure and blockchain technology companies. |
| Asset class | Equity | Equity |
| Inception date | 04/27/2021 | 04/12/2021 |
| Beta | 3.35 | 3.76 |
| Ex-dividend date | 12/30/2024 | 12/23/2024 |
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
BITQ has outpaced DAPP over the trailing twelve months, posting a -37.11% total return against -45.39%. The lead holds up over 5 years too: BITQ has compounded at -9.83% a year, against -14.31% for DAPP. Figures are total returns: price change plus every distribution reinvested.
| Symbol | YTD cumulative | 1Y cumulative | 3Y annualized | 5Y annualized | Since May 2021 | Volatility | Sharpe | Sortino | Max drawdown |
|---|---|---|---|---|---|---|---|---|---|
| BITQ | -9.78% | -37.11% | 34.96% | -9.83% | -1.01% | 63.1% | 0.41 | 0.61 | -51.2% |
| DAPP | -21.48% | -45.39% | 29.32% | -14.31% | -10.24% | 70.1% | 0.31 | 0.45 | -58.9% |
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of November 5, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since May 2021” measures every fund from May 10, 2021 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Not a distribution payer
BITQ (Bitwise Crypto Industry Innovators ETF) has no distribution rate on file and its distribution frequency is None. BITQ is not a payer. The blank yield is not a zero yield. DAPP (VanEck Digital Transformation ETF) has no distribution rate on file and its distribution frequency is None. DAPP is not a payer. The blank yield is not a zero yield.
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Bottom lineBITQ and DAPP are both for investors who want straightforward crypto exposure for the long run — so strategy isn't the deciding factor here. Cost is: DAPP charges 0.52% against 0.85% for BITQ, and between two funds this similar that gap comes straight out of your return every year you hold.
How the risk works
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
- Crypto volatility. BITQ and DAPP sit on top of crypto-asset prices, which routinely swing far more than equities. A single drawdown can exceed a year of distributions, so income projections deserve extra skepticism here.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
ETFs13
Total AUM$6.71B
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Bitwise Investments is known for pioneering cryptocurrency and digital asset ETFs, bringing exposure to bitcoin, ethereum, and other blockchain-based assets to mainstream investors. The firm's fund lineup spans digital assets—including single-asset and diversified cryptocurrency funds—alongside income-focused strategies that blend traditional dividend approaches with digital asset themes. The issuer has established a distinctive niche in the crypto ETF space while maintaining a footprint in conventional income investing, offering investors varied exposure levels to both emerging digital asset classes and yield-generating strategies.
See our curated list of related YouTube videos on BITQ.
ETFs86
Total AUM$156B
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
VanEck is known for offering specialized and thematic ETFs across a broad range of asset classes, from traditional equities and fixed income to alternatives and digital assets. The firm's lineup encompasses income-focused funds, sector strategies, commodity exposure, municipal bonds, and innovative thematic products covering areas like blockchain, artificial intelligence, and emerging markets. VanEck serves both income-oriented and growth-focused investors with a diversified product suite that extends beyond conventional equity and bond offerings.
See our curated list of related YouTube videos on DAPP.
Quick verdict
BITQ (Bitwise Crypto Industry Innovators ETF) and DAPP (VanEck Digital Transformation ETF) are both ETFs, but they take different approaches.
DAPP is cheaper with an expense ratio of 0.52% compared to 0.85%.
BITQ is the larger fund by assets ($356M), but assets alone do not establish trading costs or liquidity.
Who should choose each?
Choose BITQ
Bitwise Crypto Industry Innovators ETF
- Want straightforward crypto exposure for long-term appreciation, not income.
- Prefer lower market sensitivity — a beta of 3.35 vs 3.76 for DAPP.
Choose DAPP
VanEck Digital Transformation ETF
- Want straightforward crypto exposure for long-term appreciation, not income.
- Want to keep costs low — a 0.52% expense ratio vs 0.85% for BITQ.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Top-holdings overlap
Positions that appear in every fund's top 10. Issuers disclose only the largest weights, so this captures the overlap of the concentrated end of each book — not the full portfolios.
5 shared positions
BITQ 41.3% of its top-10 weight
DAPP 34.9% of its top-10 weight
Deep dive
Yield & income
On a $10,000 investment at current distribution rates, BITQ has no reported distribution yield yet, so a cash estimate is not available, while DAPP has no reported distribution yield yet, so a cash estimate is not available.
BITQ yield—
DAPP yield—
Cost & efficiency
Over 10 years on $10,000, BITQ would cost approximately $850 in fees vs $520 for DAPP (simplified, not compounded). The $330.00 difference may be offset by yield or performance.
BITQ ER0.85%
DAPP ER0.52%
Strategy & risk
DAPP tracks MVIS Global Digital Assets Equity Index with a crypto approach. BITQ is an ETF whose tracked index or strategy detail is not recorded in our data, so this comparison rests on the measured figures — yield, fees, size, and performance — rather than strategy labels. Beta is 3.35 for BITQ and 3.76 for DAPP, making BITQ the less sensitive to market moves of the two by this measure.
BITQ beta3.35
DAPP beta3.76
Fund details
BITQ is managed by Bitwise Investments (launched 04/27/2021) with $356M in assets. DAPP is managed by VanEck (launched 04/12/2021) with $222M in assets.
BITQ AUM$356M
DAPP AUM$222M
Frequently asked questions
Which of BITQ or DAPP pays more dividend income?
Neither BITQ nor DAPP currently reports a distribution yield, so neither is an income fund today. Compare them on holdings, cost, and total return instead.
What is the difference between BITQ and DAPP?
DAPP (VanEck Digital Transformation ETF) tracks MVIS Global Digital Assets Equity Index with a crypto approach. BITQ (Bitwise Crypto Industry Innovators ETF) is an ETF whose tracked index or strategy detail is not recorded in our data, so this comparison rests on the measured figures — yield, fees, size, and performance — rather than strategy labels. They are issued by Bitwise Investments and VanEck respectively.
Can I hold both BITQ and DAPP?
You can, but expect meaningful overlap: 5 of the disclosed top-10 positions are shared (see the holdings-overlap section above). Holding both may double up on the same underlying names rather than diversify.
Which has lower fees, BITQ or DAPP?
BITQ has an expense ratio of 0.85% while DAPP charges 0.52%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in BITQ vs DAPP generate?
At current distribution rates, BITQ does not pay distributions, so there is no cash income to estimate. DAPP does not pay distributions, so there is no cash income to estimate.
Which has performed better historically, BITQ or DAPP?
BITQ has outpaced DAPP over the trailing twelve months, posting a -37.11% total return against -45.39%. The lead holds up over 5 years too: BITQ has compounded at -9.83% a year, against -14.31% for DAPP. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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BITQ vs DAPP — at a glance
Generated November 1, 2026.
Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.
Overview
BITQ and DAPP are both equity ETFs targeting companies in the crypto and blockchain ecosystem, but they differ in breadth and index methodology. BITQ actively selects crypto-adjacent firms, while DAPP tracks the MVIS Global Digital Assets Equity Index, which includes both digital asset infrastructure and blockchain companies. Neither fund distributes income to shareholders.
How they differ
The core difference is active versus indexed management. BITQ relies on Bitwise's stock-picking process to identify crypto ecosystem innovators, whereas DAPP follows a defined index of digital transformation beneficiaries. BITQ holds $356M in assets compared to DAPP's $222M, making BITQ the larger of the two. On volatility, DAPP shows a beta of 3.76 versus BITQ's 3.35, suggesting DAPP carries greater sensitivity to broad market moves—though both are highly volatile relative to the overall market.
Who each is best for
- BITQ: Fits investors comfortable with active management who believe Bitwise's security selection can outpace a rules-based index in the nascent crypto-adjacent sector, and who tolerate a higher fee structure for that discretion.
- DAPP: Designed for investors seeking transparent, index-tracked exposure to digital transformation and blockchain companies with lower costs, accepting that index methodology may include or exclude companies differently than an active manager would.
Key risks to know
- Extreme beta and volatility. Both funds carry betas above 3, meaning a 10% decline in the broader market could amplify losses significantly. Crypto-adjacent equities are inherently volatile, and these funds concentrate that risk.
- Sector concentration and regulatory uncertainty. Both funds are heavily exposed to blockchain and digital asset infrastructure companies, a sector facing evolving regulation globally. Changes in regulatory stance could hit holdings across both portfolios simultaneously.
- Active-management performance gap. BITQ's active strategy must justify its higher fee by beating the index; underperformance would compound the cost disadvantage relative to DAPP. Index tracking provides no alpha claim but also no underperformance surprise.
Bottom line
If you prefer lower fees and transparent index exposure to digital transformation, DAPP's 0.52% advantage and indexed structure appeal. If you believe active security selection can add value in a fast-moving, less-mature sector, BITQ's discretionary approach justifies the higher cost—but only if it delivers excess returns. Both carry substantial crypto-related volatility and regulatory risk; neither is a defensive holding. Past performance doesn't predict future results.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
Learn the method
The metrics behind this comparison, explained in the Academy.
These comparisons follow the Dividend Vision methodology.