Bitwise Asset Management, a crypto index fund manager, has created the Bitwise Web3 exchange-traded fund (ETF), which incorporates exposure to five categories of web3 firms.
According to a Securities and Exchange Commission (SEC) filing dated October 4, the Bitwise Web3 ETF (BWEB) is currently listed and trading on NYSE Arca. NYSE Arca is a U.S.-based all-electronic exchange for listing and trading ETFs.
BWEB is based on the Bitwise Web3 Equities Index and charges management fees of 85% of daily net assets. In a prospectus filed with the SEC, the fund’s founding date is indicated as October.
The company Chief Investment Officer, Matt Hougan said:
“With the Bitwise Web3 ETF, we’re excited to give investors the opportunity to capture one of the fastest-emerging themes in technology through a diverse mix of companies that we believe will lead the charge.”
According to the Bitwise website, BWEB includes exposure to web3 companies in five categories: infrastructure providers, finance, metaverse, and digital worlds, web3-enabled creator economy and development, and governance.
The ETF provides exposure to up to 40 firms, with at least 85% of the portfolio directly related to business operations associated with one or more important areas of growth in web3 technology.
The company manages assets worth more than $1.3 billion. According to MarketWatch, one of its flagship products is the Bitwise Crypto Industry Innovators ETF (BITQ), which is also listed on NYSE Arca and has a net asset value (NAV) of $63 million.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Author
News
Bitwise Launches Web3 Exchange-Traded Fund
Bitwise Asset Management, a crypto index fund manager, has created the Bitwise Web3 exchange-traded fund (ETF), which incorporates exposure to five categories of web3 firms.
According to a Securities and Exchange Commission (SEC) filing dated October 4, the Bitwise Web3 ETF (BWEB) is currently listed and trading on NYSE Arca. NYSE Arca is a U.S.-based all-electronic exchange for listing and trading ETFs.
BWEB is based on the Bitwise Web3 Equities Index and charges management fees of 85% of daily net assets. In a prospectus filed with the SEC, the fund’s founding date is indicated as October.
The company Chief Investment Officer, Matt Hougan said:
“With the Bitwise Web3 ETF, we’re excited to give investors the opportunity to capture one of the fastest-emerging themes in technology through a diverse mix of companies that we believe will lead the charge.”
According to the Bitwise website, BWEB includes exposure to web3 companies in five categories: infrastructure providers, finance, metaverse, and digital worlds, web3-enabled creator economy and development, and governance.
The ETF provides exposure to up to 40 firms, with at least 85% of the portfolio directly related to business operations associated with one or more important areas of growth in web3 technology.
The company manages assets worth more than $1.3 billion. According to MarketWatch, one of its flagship products is the Bitwise Crypto Industry Innovators ETF (BITQ), which is also listed on NYSE Arca and has a net asset value (NAV) of $63 million.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Other Posts
Related Posts
Latest
New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot
Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B
Press Release
New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot
Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B
