Bitwise launches Web3 ETF for institutional and retail investors

The ETF tracks the Bitwise Web3 Equities Index, with over 85% exposure to Web3 companies.

Bitwise Asset Management announced on October 3 a new exchange-traded fund (ETF) for institutional and retail investors, giving them access to companies "positioned to benefit" from the growth of Web3.

Bitwise, in a statement, said it is “the next wave of Internet development characterized by greater decentralization and individual ownership of data.”

We have some exciting news! Today we launched the Bitwise Web3 ETF (BWEB), a fund designed to provide targeted exposure to one of the most emerging technology themes. For more information on the fund, visit: https://t.co/8rjQbwFJrM pic.twitter.com/RumkXViGl8

Trading under the symbol BWEB, the ETF tracks the Bitwise Web3 Equities Index, with over 85% exposure to companies directly linked to Web3's business activities. This includes Web3 infrastructure, finance, the Web3 metaverse and digital worlds, development and governance, and the Web3 creator economy.

Hunter Horsley, CEO of Bitwise, said:

“The Bitwise Web3 ETF seeks to capitalize on this great opportunity by offering innovation investors an easy way to access the space. It also leverages our expertise in crypto – the cornerstone of Web3 - as many of these companies are centered around blockchain technology, and we look forward to seeing their continued growth predicted as the space unfolds.

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