Crypto index fund manager Bitwise has launched a new 'Web3 ETF,' providing investors exposure to companies 'well positioned' to benefit from the rapid growth of the Web3 industry.
Traded under the ticker BWEB, the ETF tracks the Bitwise Web3 Equities Index, with over 85% exposure to companies directly linked to Web3 business activities. This includes Web3 infrastructure, finance, Web3-enabled Metaverse and digital worlds, development and governance, and the Web3-enabled creator economy.
“The Bitwise Web3 ETF seeks to capitalize on this great opportunity by offering investors of innovation a straightforward way to access the space. It also leverages our expertise in crypto—the cornerstone of Web3—as many of these companies are centering their businesses on blockchain technology. We’re looking forward to seeing their anticipated continued growth as the space unfolds.”
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