Key Takeaways
- • Bitwise Crypto Equity Indexes held steady in April 2026 with no rebalancing activity, as the indexes operate on a regular June rebalancing schedule; the next scheduled adjustment is in June 2026.
- • Bitwise Crypto Innovators 30 Index maintains exposure to cryptocurrency mining and digital asset infrastructure, with IREN Ltd. and MicroStrategy holdings at the top weights (10.19% and 10.18% respectively), followed by mining-focused companies Hut 8, TeraWulf, and Marathon Holdings representing significant allocations.
- • Bitcoin mining stocks dominate the Crypto Innovators 30 composition, with the top 10 holdings concentrated in mining operations (Hut 8, TeraWulf, Marathon, Cleanspark, Core Scientific, Cipher Mining, Riot Platforms, and BitMine Immersion Technologies) and digital asset platforms (MicroStrategy, Galaxy Digital), representing approximately 58% of the index weight.
- • The Bitwise Web3 Equities Index includes exposure to Meta Platforms and Shopify as anchor positions, alongside cryptocurrency exchange and fintech infrastructure companies, reflecting diversified exposure to the web3 and digital asset ecosystem beyond pure-play crypto assets.
- • Traditional financial infrastructure and payment networks hold meaningful allocations, with positions in Bank of New York Mellon, BlackRock, Visa, Mastercard, and CME Group representing institutional adoption pathways for cryptocurrency and digital assets.
Summary
Bitwise Investments released its April 2026 rebalancing results on April 29, 2026, confirming that no adjustments were made to the Bitwise Crypto Equity Indexes during the month. The indexes follow a regularly scheduled rebalancing calendar, with the next planned adjustment occurring in June 2026. This stability provided a snapshot of the current composition of Bitwise's flagship equity-focused cryptocurrency and digital asset indexes.
The Bitwise Crypto Innovators 30 Index reflects a significant concentration in cryptocurrency mining infrastructure and digital asset platforms. IREN Ltd. (10.19%) and MicroStrategy (10.18%) command the largest allocations, followed by a substantial cluster of mining-focused equities: Hut 8 (5.95%), TeraWulf (5.84%), Marathon Holdings (5.54%), Cleanspark (5.03%), Core Scientific (4.98%), Cipher Mining (4.82%), and Riot Platforms (4.50%). These eight mining and infrastructure-focused holdings represent approximately 50% of the index. The concentration reflects an institutional thesis that crypto mining operations and companies building digital asset infrastructure represent key equity exposure to blockchain adoption and cryptocurrency operations. Complementing this core are digital asset exchange and financial service operators, including Galaxy Digital (3.84%), Circle Internet Group (3.30%), Coinbase Global (2.74%), and Bitdeer Technologies (2.70%).
The index's bottom tier includes exposure to traditional financial institutions increasingly participating in cryptocurrency custody and settlement infrastructure. Bank of New York Mellon (1.44%), BlackRock (1.37%), and Société Générale (1.28%) represent legacy financial intermediaries integrating digital asset services. Payment networks Visa (1.28%) and Mastercard (1.19%) occupy modest positions, alongside fintech platforms including Robinhood Markets (1.17%), CME Group (1.12%), and eToro Group (0.91%).
The Bitwise Web3 Equities Index emphasizes technology platforms with significant web3 and digital ecosystem exposure. Meta Platforms (7.01%) and Shopify (6.87%) lead the composition, reflecting positions in companies with major metaverse, blockchain integration, and decentralized commerce initiatives. The index includes additional allocations to Applied Digital, Coinbase Global, and Robinhood Markets, creating exposure across cloud infrastructure, cryptocurrency exchanges, and retail trading platforms positioned to benefit from broader digital asset adoption.
These snapshots reflect Bitwise's institutional investment framework: equity exposure to the cryptocurrency and web3 economy through mining operations, digital asset infrastructure providers, mainstream technology platforms diversifying into decentralized services, and traditional financial institutions integrating cryptocurrency settlement and custody capabilities.
The Bitwise Crypto Innovators 30 Index reflects a significant concentration in cryptocurrency mining infrastructure and digital asset platforms. IREN Ltd. (10.19%) and MicroStrategy (10.18%) command the largest allocations, followed by a substantial cluster of mining-focused equities: Hut 8 (5.95%), TeraWulf (5.84%), Marathon Holdings (5.54%), Cleanspark (5.03%), Core Scientific (4.98%), Cipher Mining (4.82%), and Riot Platforms (4.50%). These eight mining and infrastructure-focused holdings represent approximately 50% of the index. The concentration reflects an institutional thesis that crypto mining operations and companies building digital asset infrastructure represent key equity exposure to blockchain adoption and cryptocurrency operations. Complementing this core are digital asset exchange and financial service operators, including Galaxy Digital (3.84%), Circle Internet Group (3.30%), Coinbase Global (2.74%), and Bitdeer Technologies (2.70%).
The index's bottom tier includes exposure to traditional financial institutions increasingly participating in cryptocurrency custody and settlement infrastructure. Bank of New York Mellon (1.44%), BlackRock (1.37%), and Société Générale (1.28%) represent legacy financial intermediaries integrating digital asset services. Payment networks Visa (1.28%) and Mastercard (1.19%) occupy modest positions, alongside fintech platforms including Robinhood Markets (1.17%), CME Group (1.12%), and eToro Group (0.91%).
The Bitwise Web3 Equities Index emphasizes technology platforms with significant web3 and digital ecosystem exposure. Meta Platforms (7.01%) and Shopify (6.87%) lead the composition, reflecting positions in companies with major metaverse, blockchain integration, and decentralized commerce initiatives. The index includes additional allocations to Applied Digital, Coinbase Global, and Robinhood Markets, creating exposure across cloud infrastructure, cryptocurrency exchanges, and retail trading platforms positioned to benefit from broader digital asset adoption.
These snapshots reflect Bitwise's institutional investment framework: equity exposure to the cryptocurrency and web3 economy through mining operations, digital asset infrastructure providers, mainstream technology platforms diversifying into decentralized services, and traditional financial institutions integrating cryptocurrency settlement and custody capabilities.
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