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.
Related funds
Classification
What's in the fund
Exposure type
Technology Services
Finance
Commercial Services
Stock breakdown by region
Top 10 holdings
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 assets under management is 5.36 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.
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.
No, BWEB doesn't pay dividends to its holders.
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.