S&P 500
7,573.20
-0.38%
Dow Jones
50,834.20
-0.47%
Nasdaq 100
30,327.20
-0.54%
Russell 2000
2,889.91
-0.41%
FTSE 100
10,320.20
-0.15%
Nikkei 225
66,019.20
-1.80%

Investing

Bitcoin Fell 36% Fast and The BITQ ETF Felt Every Bit of It

Photo of Michael Williams
By Michael Williams Published

Quick Read

  • Bitwise Crypto Industry Innovators ETF (BITQ) dropped 8.73% over the past month but rebounded 7% this week.

  • BITQ’s top holdings MicroStrategy (MSTR), Coinbase (COIN), and Riot Platforms (RIOT) move directly with Bitcoin price.

  • Bitcoin fell 36% from its $106,484 peak in late January to support near $68,400.

  • It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Bitcoin Fell 36% Fast and The BITQ ETF Felt Every Bit of It

© K.unshu / Shutterstock.com

Most ETFs let you bet on a sector. Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) goes further, concentrating exposure across the entire crypto economy: stablecoin issuers, Bitcoin treasury companies, miners, and exchanges. That breadth is both its appeal and its vulnerability. With $412.7 million spread across 31 positions, BITQ offers broad crypto exposure that has been a liability lately: the ETF is down 8.73% over the past month, tracking a sharp Bitcoin selloff, though a 7% bounce this past week suggests some stabilization.

The Macro Factor: Bitcoin’s Price Trajectory

Nothing moves BITQ more than Bitcoin. The fund’s top holdings, including Strategy/MicroStrategy (NASDAQ:MSTR | MSTR Price Prediction), Coinbase (NASDAQ:COIN), and Riot Platforms (NASDAQ:RIOT), are all directly correlated to BTC price. Bitcoin’s volatility has been the dominant force on BITQ. After peaking at $106,484 in late January 2026, BTC shed roughly 36% of its value in under a month before finding support near $68,400. That kind of drawdown hits BITQ’s top holdings almost immediately, given their direct correlation to BTC price.

Prediction markets currently assign a 76% probability that Bitcoin dips to $55,000 at some point in 2026, while placing only a 38.5% probability on BTC reaching $100,000 by year-end. Retail sentiment on Reddit reflects the same unease, with users piling on bearish commentary about near-term crypto price action.

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Michael Williams
About the Author Michael Williams →

I am a long time investor and student of business, and believe finding good companies that can become great investments is the best game on earth. After 20 years of writing and researching the public markets it is clear that individuals have never had more tools and information to take control of their financial lives. From ETFs and $0 commissions to cryptos and prediction markets there has never been a greater democratization of access to investing. 

I write to help people understand the investments available to them so they can make the best choice for their portfolio, whether they're starting out or looking for income in retirement. 

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

How Rising Medicare Premiums Are Quietly Eating Into Your Social Security Check
Christy Bieber |

How Rising Medicare Premiums Are Quietly Eating Into Your Social Security Check
Suze Orman: Stop Buying Life Insurance Once You Have $3 Million Saved
Don Lair |

Suze Orman: Stop Buying Life Insurance Once You Have $3 Million Saved

Continue Reading

Fidelity’s Crypto Fund Is Giving Investors A Rare Opportunity Right Now
Michael Williams |

Fidelity’s Crypto Fund Is Giving Investors A Rare Opportunity Right Now

When Fidelity Crypto Industry and Digital Payments ETF (NYSEARCA:FDIG) peaked at $58 in late November 2025, crypto bulls were riding…

State Street Flags Multi-Coin ETFs as Bitcoin’s Successor, But One Ticker Tells a Different Story
Austin Smith |

State Street Flags Multi-Coin ETFs as Bitcoin’s Successor, But One Ticker Tells a Different Story

State Street’s 2026 Global ETF Outlook: From Wrapper to Backbone names a specific frontier for crypto investors this year. On…

Bitcoin Dropping to $60,000 Could Crush Every Stock Inside This $1.2B ETF
Austin Smith |

Bitcoin Dropping to $60,000 Could Crush Every Stock Inside This $1.2B ETF

Most ETFs give you sector exposure. The Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) goes further, concentrating in companies structurally tied…

The Smarter Way to Play a Bitcoin Recovery Without Touching Bitcoin Itself
Austin Smith |

The Smarter Way to Play a Bitcoin Recovery Without Touching Bitcoin Itself

Bitcoin has dropped roughly 22% since January 1, 2026, and anyone who owns it directly has felt every point of…

5 ETFs Betting Big on Michael Saylor’s Bold Bitcoin Strategy
Marc Guberti |

5 ETFs Betting Big on Michael Saylor’s Bold Bitcoin Strategy

Michael Saylor’s Bitcoin strategy has attracted plenty of fanfare. Basically, MicroStrategy (NASDAAQ:MSTR | MSTR Price Prediction) borrows money to buy…

This Blockchain ETF Is Quietly Becoming an AI Infrastructure Play
Michael Williams |

This Blockchain ETF Is Quietly Becoming an AI Infrastructure Play

Most ETFs promise diversification. Global X Blockchain ETF (NYSEARCA:BKCH) takes the opposite approach: concentrated, high-conviction exposure to companies building digital…

Can Crypto ETFs Make a Comeback in September?
247patrick |

Can Crypto ETFs Make a Comeback in September?

Despite the recent lows, there are several encouraging signs for those who maintain faith in Bitcoin's potential.

BITB Tracks Bitcoin Tick for Tick. What That Means for the Next 12 Months
Michael Williams |

BITB Tracks Bitcoin Tick for Tick. What That Means for the Next 12 Months

Bitcoin has shed roughly 25% year-to-date, and Bitwise Bitcoin ETF (NYSEARCA:BITB) has tracked that decline nearly tick for tick –…

Circle’s 10% Gain Monday Outpaces MSTR and COIN in Big Day for Crypto Stocks
Eric Bleeker |

Circle’s 10% Gain Monday Outpaces MSTR and COIN in Big Day for Crypto Stocks

Shares of Circle Internet Group (CRCL) closed up roughly 10% on Monday, with the stock sitting at $111.84 as of…

Top Gaining Stocks

MGM Resorts
MGM • Vol: 27,683,097
CDW
CDW • Vol: 3,240,293
Datadog
DDOG • Vol: 11,190,990
Gartner
IT • Vol: 2,031,591
Dell Technologies
DELL • Vol: 20,848,965

Top Losing Stocks

FedEx
FDX • Vol: 2,399,340
Cboe Global Markets
CBOE • Vol: 2,828,165
Qualcomm
QCOM • Vol: 21,186,645
Coterra Energy
CTRA • Vol: 73,319,495
Constellation Energy
CEG • Vol: 11,480,635