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ETFs

Bitwise Web3 ETF

BWEB
$--
Today’s Change
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Snapshot
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Inception Date
Oct 04 2022
Expense Ratio
0.85%
Type
Global Equities
Fund Owner
Bitwise
Volume (1m avg. daily)
$2,905
AUM
$715,854
Associated Index
Bitwise Web3 Equity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

META
Meta Platforms Inc - Ordinary Shares - Class A
8.89%
EQIX
Equinix Inc
8.28%
COIN
Coinbase Global Inc - Ordinary Shares - Class A
8.03%
RBLX
Roblox Corporation - Ordinary Shares - Class A
7.87%
SHOP
Shopify Inc - Ordinary Shares - Class A
7.03%
AKAM
Akamai Technologies Inc
5.08%
EA
Electronic Arts, Inc.
4.88%
TTWO
Take-Two Interactive Software, Inc.
4.84%
NET
Cloudflare Inc - Ordinary Shares - Class A
4.48%
U
Unity Software Inc
4.23%
Invest with BWEB

What is BWEB?

The Bitwise Web3 ETF (NYSE: BWEB) is designed to help investors capitalize on the next wave of innovation. By tracking the Bitwise Web3 Equity Index, BWEB provides focused exposure to up to 40 companies that we believe are favorably positioned to benefit from the emergence of Web3 and its technologies.

ETFs related toBWEB

ETFs correlated to BWEB include ARKW, ARKF, ARKK

BWEB
Bitwise Funds Trust - Bitwise Web3 ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
METV
Listed Funds Trust - Roundhill Ball Metaverse ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
FINX
Global X Funds - Global X Funds Global X FinTech ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

BWEB is a Global Equities ETF. The Bitwise Web3 ETF (NYSE: BWEB) is designed to help investors capitalize on the next wave of innovation. By tracking the Bitwise Web3 Equity Index, BWEB provides focused exposure to up to 40 companies that we believe are favorably positioned to benefit from the emergence of Web3 and its technologies.

BWEB tracks the Bitwise Web3 Equity Index.

No, BWEB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BWEB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BWEB is -0.0361%. This is the percent change in the value of BWEB over the most recent 1-month period. The 3-month return on BWEB is -0.0724%. This is the percent change in the value of BWEB over the most recent 3-month period.

ETFs similar to BWEB include PBW, IGF, and EFG.

ETFs correlated to BWEB include ARKW, ARKF, and ARKK.

ETFs that are inversely correlated to BWEB include SARK, WEBS, and FNGD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.