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BWEB - ETF AI Analysis
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Bitwise Web3 ETF (BWEB)
Rating:58Neutral
Price Target:
$88.00
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered solid gains so far this year, reflecting positive momentum in its holdings.
Top Holdings Driving Growth
Several major positions, such as Roblox and Robinhood, have shown strong performance, boosting the fund's returns.
Exposure to Growth Sectors
The ETF is heavily weighted in technology and financial sectors, which are known for high growth potential.
Negative Factors
High Expense Ratio
The fund charges a relatively high fee compared to many ETFs, which can eat into investor returns over time.
Over-Concentration in U.S. Market
With over 95% of its assets in U.S. companies, the ETF lacks geographic diversification and is vulnerable to domestic market risks.
Underperforming Holding
Equinix, one of the fund's top 10 holdings, has shown weak performance, which could drag on overall returns.
BWEB vs. SPDR S&P 500 ETF (SPY)
AUM5.68M
RegionGlobal
Expense Ratio0.85%
Beta1.67
IssuerBitwise
Inception DateOct 04, 2022
Dividend YieldN/A
Asset ClassEquity
Index TrackedBitwise Web3 Equities Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume799
30 Day Avg. Volume908
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
100.36Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering41
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BWEB Summary
The Bitwise Web3 ETF (Ticker: BWEB) is an investment fund focused on companies driving the next phase of the internet, known as Web3. This includes businesses involved in blockchain, decentralized finance, and user-centric digital platforms. Some well-known companies in the ETF are Shopify and Coinbase, which are leaders in e-commerce and cryptocurrency, respectively. Investors might consider BWEB for its potential growth as Web3 technologies expand and reshape industries. However, it’s important to know that this ETF is heavily tied to technology and financial sectors, meaning its value can fluctuate significantly with changes in these industries.
How much will it cost me?The Bitwise Web3 ETF has an expense ratio of 0.85%, which means you’ll pay $8.50 per year for every $1,000 invested. This is higher than average because it’s actively managed to focus on a specific niche—companies driving the Web3 ecosystem—requiring more research and specialized expertise.
What would affect this ETF?The Bitwise Web3 ETF could benefit from growing adoption of blockchain technologies and decentralized platforms, as well as increased interest in Web3 innovations from major tech companies like Meta and Shopify. However, it may face challenges from regulatory scrutiny on cryptocurrencies and blockchain, as well as potential economic slowdowns that could impact technology and financial sectors globally.
BWEB Top 10 Holdings
The Bitwise Web3 ETF is riding the wave of the decentralized internet revolution, but its performance is a mixed bag. Shopify and Unity Software are steady contributors, with Unity showing strong momentum thanks to its product advancements. Cloudflare is a standout, benefiting from robust revenue growth, though its high leverage casts a shadow. On the flip side, Coinbase and Roblox are dragging the fund, with both facing profitability and technical challenges. The ETF leans heavily into the technology and financial sectors, offering a global mix of exposure to Web3 pioneers but with some growing pains along the way.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Shopify | 9.23% | $525.58K | $192.28B | 38.18% | ― | |
| Meta Platforms | 7.18% | $408.84K | $1.50T | 6.28% | 71 Outperform | |
| Coinbase Global | 6.73% | $382.97K | $64.83B | -21.82% | 68 Neutral | |
| Roblox | 6.08% | $346.02K | $62.65B | 85.82% | 48 Neutral | |
| Equinix | 4.84% | $275.46K | $74.10B | -19.40% | 69 Neutral | |
| Unity Software | 4.55% | $259.10K | $16.59B | 67.90% | 64 Neutral | |
| Circle Internet Group, Inc. Class A | 4.26% | $242.38K | $16.80B | ― | 64 Neutral | |
| Cloudflare | 4.23% | $240.62K | $65.29B | 83.62% | 58 Neutral | |
| Electronic Arts | 4.00% | $227.58K | $50.05B | 20.41% | 68 Neutral | |
| Robinhood | 3.61% | $205.59K | $96.48B | 189.80% | 69 Neutral |
BWEB Technical Analysis
Negative
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Price Trends
80.93
Negative
76.53
Negative
66.14
Positive
Market Momentum
-3.85
Positive
27.44
Positive
3.29
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For BWEB, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 77.91, equal to the 50-day MA of 80.93, and equal to the 200-day MA of 66.14, indicating a neutral trend. The MACD of -3.85 indicates Positive momentum. The RSI at 27.44 is Positive, neither overbought nor oversold. The STOCH value of 3.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BWEB.
BWEB Peer Comparison
Comparison Results
Performance Comparison
BWEB
Bitwise Web3 ETF
67.94
9.09
15.45%
FTRI
First Trust Indxx Global Natural Resources Income ETF
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FMET
Fidelity Metaverse ETF
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IVRS
iShares Future Metaverse Tech and Communications ETF
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VERS
ProShares Metaverse ETF
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ARVR
First Trust Indxx Metaverse ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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