- The Bitwise Web3 ETF strives to capitalize on this great opportunity, by offering investors a straightforward way to access the space.
- The ETF will offer low expense ratios and fewer broker commissions than buying the stocks individually.
Bitwise Asset Management, a crypto asset manager, has launched its second exchange-traded fund (ETF). The new ETF, called the Bitwise Web3 ETF (BWEB), tracks the Bitwise Web3 Equities Index, which measures the performance of companies that are developing or using Web3 technologies.
Web3 is the next generation of the internet, built on blockchain technology. It is still in its early stages, but it has the potential to revolutionize many industries, including finance, gaming, and social media.
The BWEB ETF will give investors exposure to a basket of companies that are well-positioned to benefit from the growth of Web3. The index includes companies such as Meta, Microsoft, and Amazon, which are investing heavily in Web3 technologies.
The ETF is listed on the Nasdaq stock exchange and has a net expense ratio of 0.65%. It is the first Web3 ETF to be listed on a major stock exchange.
Bitwise CEO Hunter Horsley said that the launch of the BWEB ETF is a “milestone moment” for the Web3 industry. He said that the ETF will “provide investors with a simple and efficient way to gain exposure to this exciting new technology.”
The launch of the BWEB ETF is a sign of the growing interest in Web3. The industry is still in its early stages, but it has the potential to be a major force in the years to come.