BWEB
Bitwise Web3 ETF
BWEB tracks a tier-weighted index of companies connected to the global Web 3.0 industry. The selection process is overseen by a committee.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 4.9 M
ASSETS UNDER MGMT
85 bp
EXPENSES
Fund Basics
| Inception date | Oct 04, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ROBLOX CORP. CLASS A | 9.1 % |
| EQUINIX INC | 8.2 % |
| COINBASE GLOBAL, INC. CLASS A | 8.0 % |
| SHOPIFY, INC. CLASS A | 7.8 % |
| META PLATFORMS INC | 7.6 % |
| CLOUDFLARE INC CLASS A | 4.8 % |
| ELECTRONIC ARTS INC | 4.8 % |
| MARATHON DIGITAL HOLDINGS INC | 4.3 % |
| BLOCK INC. | 4.2 % |
| TAKE-TWO INTERACTIVE SOFTWRE | 4.1 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 509 |
| Wgt avg mkt cap (mns) | $405,767 |
| Large cap (>$10bn) | 82.4% |
| Mid cap ($2-10bn) | 15.3% |
| Small cap (<$2bn) | 2.6% |
| Developed mkts. | 96.9% |
| Emerging mkts. | 3.3% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 83.4 % |
 |
CANADA | 8.9 % |
 |
FRANCE | 2.6 % |
 |
CHINA | 1.8 % |
 |
TAIWAN | 1.5 % |
 |
GERMANY | 1.1 % |
 |
AUSTRALIA | 0.9 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.6% | 29.8% | 35.1% | 34.5% | -- | -- | -- | 33.3% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | 8.6% | 29.8% | 35.1% | 34.5% | -- | -- | -- | 33.3% | Ann. Volatility | 38.2% | 33.8% | 35.9% | 34.3% | -- | -- | -- | 36.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.14 | 57% |
| MSCI EAFE | 1.19 | 28% |
| MSCI Emg Mkts | 1.07 | 39% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.18% |
Technical Indicators
| 30d moving avg. (EMA) | $73.59 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 1.32/1.61 |
| Bollinger Bands (Upper/Lower) | $78.83/$70.74 |
| Short interest (% of AUM) | 1.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BWEB |
Expenses vs. BWEB |
ALTAR Score™ vs. BWEB |
|---|---|---|---|---|
| AGIX | KraneShares Artificial Intelligence and Technology ETF | 40.8% | +14 bp | +1.6% |
| IVRS | iShares Future Metaverse Tech and Communications ETF | 30.2% | -38 bp | +6.1% |
| METV | Roundhill Ball Metaverse ETF | 28.0% | -26 bp | +8.1% |
| ARKF | ARK Fintech Innovation ETF | 27.5% | -10 bp | +1.3% |
| ARKW | ARK Next Generation Internet ETF | 25.6% | +2 bp | +1.4% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 25.3% | -46 bp | -1.0% |
| GAMR | Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T | 24.8% | -10 bp | +4.1% |
| IBLC | iShares Blockchain and Tech ETF | 24.6% | -38 bp | -1.1% |
| BLCK | Corgi Crypto Infrastructure ETF | 24.1% | -50 bp | -1.7% |
| GGME | Invesco Next Gen Media and Gaming ETF | 22.9% | -25 bp | +5.2% |
Risk and Returns: BWEB vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
-0.1%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. BWEB's ALTAR Score™ is approximately -2.5 standard
deviations above the category average. This places BWEB in the 1st percentile
among funds in the category.
Sell-Side Consensus
$93.3
PRICE TARGET
+21.4%
UPSIDE