Bitwise Web3 ETFBitwise Web3 ETFBitwise Web3 ETF

Bitwise Web3 ETF

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Key stats


Assets under management (AUM)
‪4.71 M‬USD
Fund flows (1Y)
‪283.28 K‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.09%
Shares outstanding
‪64.00 K‬
Expense ratio
0.85%

About Bitwise Web3 ETF


Issuer
Bitwise Asset Management, Inc.
Brand
Bitwise
Home page
Inception date
Oct 4, 2022
Structure
Open-Ended Fund
Index tracked
Bitwise Web3 Equities Index - Benchmark TR Gross
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Bitwise Investment Manager LLC
Distributor
Foreside Fund Services LLC
ISIN
US0917481030
BWEB provides thematic exposure to the world of Web 3.0 by tracking an index of innovative companies worldwide that are positioned to benefit from the development of Web3 and Web3 technologies. After passing exchange, size, liquidity, and free-float screens, companies are identified based on business activities and classified into three tiers depending on their reliance on the five Web3 themes: web3 finance, web3 infrastructure providers, web3-enabled creator economy, web3-enabled metaverse and digital worlds, and web3 development and governance. 40 securities will comprise the index of which 30 are selected from the largest companies in tiers 1 and 2, and the remaining 10 from tier 3. While the former is allocated 85% of the fund, the latter receives 15%. Securities are initially market cap-weighted in their respective class but are modified so all tier 1 firms reflect 4x their usual size, and tier 3 firms all weight equally. The index is rebalanced and reconstituted quarterly.

Broaden your horizons with more funds linked to BWEB via country, focus, and more.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Internet
Strategy
Vanilla
Geography
Global
Weighting scheme
Tiered
Selection criteria
Committee
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Finance
Commercial Services
Stock breakdown by region
2%90%1%0.3%5%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BWEB trades at 73.33 USD today, its price has fallen −0.46% in the past 24 hours. Track more dynamics on BWEB price chart.
BWEB net asset value is 73.27 today — it's risen 3.56% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BWEB assets under management is ‪4.71 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BWEB price has risen by 5.62% over the last month, and its yearly performance shows a 65.29% increase. See more dynamics on BWEB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.56% over the last month, showed a 23.83% increase in three-month performance and has increased by 65.71% in a year.
BWEB fund flows account for ‪283.28 K‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BWEB invests in stocks. See more details in our Analysis section.
BWEB expense ratio is 0.85%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BWEB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BWEB technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BWEB shows the buy signal. See more of BWEB technicals for a more comprehensive analysis.
No, BWEB doesn't pay dividends to its holders.
BWEB trades at a premium (0.09%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BWEB shares are issued by Bitwise Asset Management, Inc.
BWEB follows the Bitwise Web3 Equities Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 4, 2022.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.