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BWEB - ETF AI Analysis
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Bitwise Web3 ETF (BWEB)
Rating:59Neutral
Price Target:―
Positive Factors
Focused Web3 Theme
The ETF targets companies tied to the Web3 ecosystem, giving investors concentrated exposure to a specific growth theme.
Sector Diversification Within Tech-Related Areas
Holdings are spread across technology, financials, and communication services, which helps avoid relying on just one industry within the Web3 space.
Select Strong Recent Performers
Some top holdings, such as Coinbase, Equinix, and IREN, have shown relatively strong recent performance, helping support the fund’s returns.
Negative Factors
High Expense Ratio
The fund’s expense ratio is relatively high, which means more of the returns are eaten up by fees compared with many broad-market ETFs.
Recent Performance Volatility
The ETF has experienced weak performance over the last three months, indicating that returns can be quite volatile over shorter periods.
Concentration in a Few Names and in the U.S.
A small group of holdings makes up a large share of the portfolio and most assets are in U.S. companies, increasing both stock-specific and country-specific risk.
BWEB vs. SPDR S&P 500 ETF (SPY)
AUM5.65M
RegionGlobal
Expense Ratio0.85%
Beta1.70
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. Volume1,828
30 Day Avg. Volume746
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
97.35Price 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 (BWEB) tracks the Bitwise Web3 Equities Index, focusing on companies building the next generation of the internet, known as Web3. This includes firms involved in blockchain, digital assets, online gaming, and cloud infrastructure. Well-known holdings include Meta Platforms and Shopify, along with Coinbase and Roblox. Someone might invest in BWEB to seek long-term growth from early-stage internet and blockchain trends while getting diversification across many Web3-related companies. A key risk is that it is heavily tied to technology and crypto-related businesses, so its price can be very volatile and may drop sharply at times.
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
BWEB is a global Web3 play that leans heavily on tech and crypto-linked names, and lately that mix has been a bit of a roller coaster. Coinbase is swinging around with mixed momentum, while Roblox, Shopify, and Cloudflare have been losing steam and acting as noticeable drags. Meta, another heavyweight, has also been lagging, adding pressure at the top. Offsetting some of that weakness, data-center giant Equinix and high-flyer IREN have been steadier bright spots, but the fund remains concentrated in volatile, growth-first internet and financial innovators.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Meta Platforms | 9.01% | $508.59K | $1.67T | -5.60% | 76 Outperform | |
| Roblox | 6.84% | $385.98K | $46.62B | 12.91% | 51 Neutral | |
| Shopify | 6.59% | $372.01K | $147.33B | -1.25% | ― | |
| Equinix | 5.82% | $328.51K | $83.27B | -9.05% | 73 Outperform | |
| Coinbase Global | 5.55% | $313.59K | $44.53B | -40.31% | 68 Neutral | |
| Cloudflare | 4.03% | $227.44K | $60.67B | 0.73% | 61 Neutral | |
| IREN | 3.85% | $217.18K | $13.88B | 258.86% | 64 Neutral | |
| Electronic Arts | 3.71% | $209.71K | $50.05B | 52.07% | 70 Outperform | |
| Circle Internet Group, Inc. Class A | 3.54% | $199.83K | $13.43B | ― | 64 Neutral | |
| Applied Digital Corporation | 3.14% | $177.53K | $9.77B | 348.65% | 54 Neutral |
BWEB Technical Analysis
Negative
―
Price Trends
72.74
Negative
76.67
Negative
71.44
Negative
Market Momentum
-2.46
Positive
42.42
Neutral
25.17
Neutral
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 71.46, equal to the 50-day MA of 72.74, and equal to the 200-day MA of 71.44, indicating a bearish trend. The MACD of -2.46 indicates Positive momentum. The RSI at 42.42 is Neutral, neither overbought nor oversold. The STOCH value of 25.17 is Neutral, 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
67.17
6.10
9.99%
FDCF
Fidelity Disruptive Communications 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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