Key stats
About Bitwise Web3 ETF
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Inception date
Oct 4, 2022
Structure
Open-Ended Fund
Replication method
Physical
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Finance
Commercial Services
Stocks100.82%
Technology Services61.60%
Finance20.00%
Commercial Services11.06%
Electronic Technology4.47%
Retail Trade1.48%
Energy Minerals1.40%
Bonds, Cash & Other−0.82%
Cash−0.82%
Stock breakdown by region
North America89.34%
Asia7.09%
Oceania2.65%
Middle East0.56%
Europe0.36%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BWEB invests in stocks. The fund's major sectors are Technology Services, with 62.10% stocks, and Finance, with 20.16% of the basket. The assets are mostly located in the North America region.
BWEB top holdings are Shopify, Inc. Class A and Roblox Corp. Class A, occupying 8.16% and 7.75% of the portfolio correspondingly.
BWEB assets under management is 5.22 M USD. It's risen 11.99% over the last month.
BWEB fund flows account for 273.74 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.
No, BWEB doesn't pay dividends to its holders.
BWEB shares are issued by Bitwise Asset Management, Inc. under the brand Bitwise. The ETF was launched on Oct 4, 2022, and its management style is Passive.
BWEB expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
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.
BWEB invests in stocks.
BWEB price has risen by 12.88% over the last month, and its yearly performance shows a 75.43% increase. See more dynamics on BWEB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 12.75% over the last month, showed a 28.56% increase in three-month performance and has increased by 80.97% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 12.75% over the last month, showed a 28.56% increase in three-month performance and has increased by 80.97% in a year.
BWEB trades at a premium (0.24%) meaning the ETF is trading at a higher price than the calculated NAV.