Bitcoin and Ethereum may have found bottoms.The asset class has experienced a cleansing after some bankruptcies. The economic and geopolitical landscapes have turned bullish for cryptos.BITQ is a diversified ETF product.The bearish BITQ trend may be bending.Only invest capital you can afford to lose. Risk is a function of potential rewards.Since November 2021, Bitcoin (BTC-USD) and Ethereum (ETH-USD) fell to one-third the value at the most recent lows in late June. The leading cryptocurrencies put in a pair of bearish key reversal patterns on the daily charts late last year, leading to price carnage and what many market participants have called the crypto winter. Latecomers to the burgeoning asset class who bought Bitcoin, Ethereum, and over 20,000 other tokens have been licking their financial wounds in 2022. However, early buyers who purchased Bitcoin in 2010 when it was below $1 per token still had substantial gains at the recent low, which took the top cryptocurrency to above $17,600 per token.Meanwhile, the asset class's market cap dropped from over $3 trillion at the high to just over the $1.06 trillion level on August 4. If cryptos have found a bottom, the Bitwise Crypto Industry Innovators ETF product (BITQ) could be an inexpensive path to exposure to the volatile asset class. At around $8.75 per share, BITQ was substantially lower than the all-time high from November 2021 of $35.68 per share. I like to call BITQ Bitco...
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