Key Highlights

  • Betashares Crypto Innovators ETF (ASX:CRYP) held a fund size of $181.66 million spread across 45 companies.
  • Financial services makes up 80.06 per cent of the sector allocation, well above the category average of 13.00 per cent.
  • Coinbase Global is the top holding at 10.14 per cent, followed by IREN and Strategy Inc.
  • The fund did not declare a distribution in the most recent period, with its annual Yield at 0.00 per cent.

Betashares Crypto Innovators ETF (ASX:CRYP) is an ASX-listed fund that aims to track the Bitwise Crypto Innovators TR AUD index, providing exposure to listed companies whose Business is connected to digital Assets and Cryptocurrency infrastructure, such as exchanges, Mining operations and related technology providers. The fund sits within the Equity World Other Morningstar category and reported a fund size of $181.66 million, with 23,200,000 units on issue and a management fee of 0.67 per cent.

Sector Composition

CRYP's sector allocation is heavily skewed toward a single industry. Financial services accounts for 80.06 per cent of the fund, compared with a category average of 13.00 per cent, reflecting the classification of cryptocurrency exchanges and related businesses. Technology makes up 17.23 per cent, below the category average of 23.74 per cent, while consumer cyclical contributes 2.65 per cent and communication services a marginal 0.06 per cent. The fund carries no exposure to basic materials, consumer defensive, energy, healthcare, industrials or real estate.

The Market Capitalisation profile diverges from the broader category, with companies above $1 billion making up 51.99 per cent of the fund, well below the category's 92.52 per cent. Businesses in the $500 million to $1 billion range represent 41.23 per cent, compared with just 6.55 per cent for the category, and holdings under $500 million account for 6.79 per cent. The fund is fully invested in equities, with no cash, bond or other asset allocation.

Top Holdings

CRYP holds 45 companies, with its top 10 positions accounting for 66.62 per cent of the fund. Coinbase Global is the largest holding at 10.14 per cent, followed by IREN at 8.89 per cent and Strategy Inc at 7.63 per cent. Hut 8 Corp holds a 7.36 per cent weighting, Circle Internet Group 7.10 per cent, Ikonics Corp 6.44 per cent, Riot Platforms 6.05 per cent, Cipher Digital 5.10 per cent, Renewable Energy Solution Systems 4.60 per cent and MARA Holdings 3.27 per cent.

Geographic Exposure

The United States dominates the fund's geographic exposure at 81.58 per cent, compared with a category average of 42.81 per cent. Australia contributes 8.90 per cent, France 1.78 per cent, Singapore 1.62 per cent, Germany 1.58 per cent, Brazil 1.67 per cent, Israel 1.30 per cent, Japan 0.99 per cent and Hong Kong 0.58 per cent.

Distribution and Risk Metrics

CRYP reported a Beta of 3.24 and a Standard Deviation of 49.54, the highest Volatility reading among the risk metrics disclosed for the fund. No distribution type, amount or yield was recorded for the most recent period, with the annual yield listed at 0.00 per cent. The fund's ISIN is AU0000153678.

Conclusion

Betashares Crypto Innovators ETF (ASX:CRYP) gives ASX-listed investors indirect access to companies operating across cryptocurrency exchanges, mining and related infrastructure, rather than direct exposure to digital asset prices. Its portfolio is concentrated in financial services businesses domiciled predominantly in the United States, with a market capitalisation profile weighted more toward mid-sized companies than its broader category.