Bitwise Web3 ETF (BWEB) Stock Analysis
DELISTED 2026
What happened to Bitwise Web3 ETF (BWEB) stock?
Bitwise Web3 ETF (BWEB) no longer trades on public markets. It was delisted in May 2026. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Bitwise Web3 ETF (BWEB) trades at $74.90. Bitwise Web3 ETF (BWEB) provides focused exposure to companies positioned to benefit from Web3 technologies. Market cap: $4.55M, Sector: Financial services.
Last analyzed: Mar 17, 2026Analyst Coverage for BWEB: BWEB does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates BWEB against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
BWEB: 1/2 scored disciplines lean bearish. Dominant signal: Izzy Englander bullish.
How is this calculated? →Bitwise Web3 ETF (BWEB) Financial Services Profile
Bitwise Web3 ETF (BWEB) offers investors targeted exposure to companies at the forefront of Web3 innovation, operating as a non-diversified fund within the asset management sector, and focusing on firms expected to capitalize on emerging Web3 technologies.
What Is the Investment Thesis for BWEB?
The Bitwise Web3 ETF (BWEB) presents a targeted investment vehicle for capitalizing on the growth of Web3 technologies. With a beta of 2.44, the fund demonstrates significant volatility, reflecting the high-growth, high-risk nature of the Web3 sector. As the fund invests at least 80% of its assets in companies positioned to benefit from Web3, its performance is directly tied to the adoption and development of these technologies. Key value drivers include the increasing adoption of blockchain, the expansion of decentralized applications, and the growing interest in digital assets. However, potential risks include regulatory uncertainty surrounding digital assets and the nascent stage of Web3 infrastructure. The fund's success hinges on the continued innovation and commercialization of Web3 technologies, making it a speculative yet potentially rewarding investment for those with a high-risk tolerance.
Based on FMP financials and quantitative analysis
BWEB Key Highlights
Focused Exposure: BWEB provides targeted exposure to companies positioned to benefit from Web3 technologies.
- Non-Diversified: As a non-diversified fund, BWEB concentrates its investments, potentially leading to higher volatility.
- Beta of 2.44: The fund's beta indicates a high level of volatility compared to the broader market.
- Web3 Focus: The fund invests at least 80% of its assets in companies involved in developing and implementing Web3 technologies.
- No Dividend: BWEB does not distribute dividends, focusing instead on capital appreciation.
Who Are BWEB's Competitors?
BWEB is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AWEG Alger Weatherbie Enduring Growth ETF | $22.55 | -0.04% | $5.23M | 44 |
| EFRA iShares Environmental Infrastructure and Industrials ETF | $36.02 | -1.07% | $5.77M | 46 |
| FRIZ Franklin Dividend Growth ETF | $27.69 | +0.00% | $5.54M | 46 |
| IPOS Renaissance International IPO ETF | $23.38 | +0.58% | $6.92M | 47 |
| IDKFF ThreeD Capital Inc. | $0.07 | +13.85% | $6.98M | 70 |
| ALTEX Firsthand Alternative Energy Fund | $12.93 | -1.90% | $8.98M | 82 |
| BCG Binah Capital Group, Inc. | $1.40 | +0.72% | $23.5M | 78 |
| ALISR Calisa Acquisition Corp Right | $0.64 | +0.00% | 79 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BWEB's Key Strengths?
Focused exposure to the high-growth Web3 sector.
- Expertise in digital asset management through Bitwise.
- Proprietary index methodology for selecting Web3 companies.
- Potential for high returns due to the disruptive nature of Web3.
What Are BWEB's Weaknesses?
Non-diversified nature increases volatility.
- High beta indicates significant market sensitivity.
- Dependence on the adoption and development of Web3 technologies.
- Regulatory uncertainty surrounding digital assets.
What Could Drive BWEB Stock Higher?
Increasing adoption of blockchain technology across various industries.
- Growing interest and investment in digital assets by institutional investors.
- Potential regulatory clarity regarding digital assets and Web3 technologies.
- Development and expansion of the metaverse and virtual worlds.
- Innovation and commercialization of new Web3 applications and services.
What Are the Key Risks for BWEB?
Regulatory uncertainty and potential for adverse regulations impacting digital assets.
- High volatility in the cryptocurrency and Web3 markets.
- Security risks and vulnerabilities in blockchain and Web3 infrastructure.
- Competition from other Web3 ETFs and investment vehicles.
- Slower-than-expected adoption of Web3 technologies.
What Are the Growth Opportunities for BWEB?
- Expansion of Decentralized Applications (dApps): The increasing adoption of dApps across various industries, including finance, gaming, and social media, presents a significant growth opportunity for BWEB. As more users and businesses embrace dApps, the demand for Web3 infrastructure and services will likely increase, driving growth for companies within the BWEB portfolio. The market for dApps is projected to reach $368.70 billion by 2027, growing at a CAGR of 47.1% from 2020 to 2027.
- Growth of Blockchain Infrastructure: The development and expansion of blockchain infrastructure, including layer-2 scaling solutions and interoperability protocols, are crucial for the widespread adoption of Web3. Companies involved in building and maintaining this infrastructure are well-positioned to benefit from the growth of the Web3 ecosystem. The global blockchain technology market is projected to reach $394.60 billion by 2030, growing at a CAGR of 85.9% from 2022 to 2030.
- Increasing Institutional Adoption of Digital Assets: The growing interest and adoption of digital assets by institutional investors, including hedge funds, pension funds, and corporations, are driving demand for Web3 technologies and services. As more institutions allocate capital to digital assets, the market capitalization of the Web3 ecosystem is expected to increase, benefiting companies within the BWEB portfolio. A Fidelity survey found that 52% of institutional investors globally have some exposure to digital assets.
- Development of the Metaverse: The emergence of the metaverse, a persistent, shared virtual world, presents a significant growth opportunity for Web3 technologies and companies. The metaverse relies on blockchain, NFTs, and other Web3 technologies to enable digital ownership, decentralized governance, and immersive experiences. Companies involved in developing metaverse platforms, content, and infrastructure are well-positioned to benefit from the growth of the metaverse. The metaverse market is projected to reach $678.8 billion in 2030, growing at a CAGR of 39.4% from 2022 to 2030.
- Advancements in Web3 Security and Privacy: As the Web3 ecosystem grows, the need for robust security and privacy solutions becomes increasingly important. Companies developing innovative security protocols, privacy-enhancing technologies, and decentralized identity solutions are well-positioned to capitalize on this growing demand. The cybersecurity market is projected to reach $376.31 billion by 2029, growing at a CAGR of 13.4% from 2022 to 2029.
What Are BWEB's Competitive Advantages?
- First-mover advantage in providing a dedicated Web3 ETF.
- Brand recognition and expertise in the digital asset space through Bitwise Asset Management.
- Proprietary index methodology for selecting Web3-related companies.
- Access to a network of Web3 experts and industry insights.
What Does BWEB Do?
The Bitwise Web3 ETF (BWEB) is designed to provide investors with focused exposure to companies that are expected to benefit from the emergence and growth of Web3 technologies. Operating under normal market conditions, the fund strategically allocates substantially all, but at least 80%, of its net assets, plus any borrowings, into the equity securities that constitute its tracked index. This index is meticulously constructed to capture companies that are well-positioned to leverage the transformative potential of Web3, the next evolution of the internet characterized by decentralization, blockchain technology, and token-based economics. As a non-diversified fund, BWEB concentrates its investments, potentially leading to higher volatility compared to more diversified ETFs. However, this focused approach allows investors to gain targeted exposure to the Web3 ecosystem. The fund's investment strategy centers on identifying and investing in companies that are actively involved in developing and implementing Web3 technologies, including blockchain infrastructure, decentralized applications (dApps), digital assets, and other related innovations. By providing a vehicle for investors to access this rapidly evolving sector, BWEB aims to capture the long-term growth opportunities presented by the Web3 revolution.
What Products and Services Does BWEB Offer?
- Invests in companies positioned to benefit from the emergence of Web3 technologies.
- Tracks an index focused on equity securities of Web3-related companies.
- Allocates at least 80% of its net assets, plus borrowings, into the securities comprising the index.
- Provides focused exposure to the Web3 ecosystem.
- Operates as a non-diversified fund, concentrating its investments.
- Aims to capture the long-term growth opportunities presented by the Web3 revolution.
How Does BWEB Make Money?
- Generates revenue through management fees charged on assets under management (AUM).
- Aims to attract investors seeking exposure to the Web3 sector.
- Rebalances its portfolio to maintain alignment with the tracked index.
- Trades securities to implement its investment strategy.
What Industry Does BWEB Operate In?
The Bitwise Web3 ETF (BWEB) operates within the rapidly evolving asset management industry, specifically targeting the emerging Web3 sector. This sector is characterized by the increasing adoption of blockchain technology, decentralized applications, and digital assets. The competitive landscape includes both traditional asset managers and specialized funds focused on blockchain and cryptocurrency investments. BWEB differentiates itself by providing focused exposure to companies positioned to benefit from the broader Web3 ecosystem, rather than solely focusing on cryptocurrencies. As the Web3 market continues to mature, BWEB aims to capture the growth opportunities presented by this transformative technology.
Who Are BWEB's Key Customers?
- Individual investors seeking exposure to Web3 technologies.
- Institutional investors interested in digital asset and blockchain investments.
- Financial advisors looking for thematic investment options for their clients.
- High-net-worth individuals seeking to diversify their portfolios with Web3 assets.
How Bitwise Web3 ETF Is Valued
Bitwise Web3 ETF carries a market capitalization of $4.55M, placing it in the micro-cap category.
Key Financial Metrics
Return on equity for Bitwise Web3 ETF stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. BWEB trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
BWEB Financials
Bull Case vs Bear Case
Bull Case
- BWEB's focus on Web3 gives it first-mover advantage; think early internet ETFs.
- Insider activity shows confidence; recent buys suggest they believe in the long-term potential.
- Community sentiment is largely positive; people are excited about Web3 and BWEB's role.
- Market perception is shifting; Web3 is gaining mainstream attention, benefiting BWEB.
Bear Case
- Web3 is still nascent; regulatory uncertainty could stifle growth, like early crypto ETFs.
- Community sentiment can be fickle; hype-driven rallies can quickly turn into sell-offs.
- Market perception is volatile; Web3's complexity makes it susceptible to negative news cycles.
- Competition is emerging; other ETFs targeting Web3 could erode BWEB's market share.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
BWEB Latest News
No recent news available for BWEB.
Common Questions About BWEB (Financial Services)
What happened to Bitwise Web3 ETF (BWEB) stock?
Bitwise Web3 ETF (BWEB) no longer trades on public markets. It was delisted in May 2026. The figures below are historical and are not a current quote.
Can I still buy BWEB shares?
No. BWEB stopped trading on public markets in May 2026, so the shares are not available through a broker. Anything you see quoted for BWEB elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before BWEB stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Bitwise Web3 ETF. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Bitwise Web3 ETF do?
The Bitwise Web3 ETF (BWEB) is designed to provide investors with focused exposure to companies that are expected to benefit from the emergence and growth of Web3 technologies. The fund invests at least 80% of its net assets, plus borrowings, in the equity securities of companies that are well-positioned to capitalize on Web3.
What are the main risks for BWEB?
The Bitwise Web3 ETF (BWEB) faces several key risks. Regulatory uncertainty surrounding digital assets poses a significant threat, as adverse regulations could negatively impact the value of the fund's holdings. The high volatility in the cryptocurrency and Web3 markets can lead to substantial price fluctuations. Security risks and vulnerabilities in blockchain and Web3 infrastructure could result in losses.
What regulatory challenges does Bitwise Web3 ETF face?
As an ETF focused on Web3 and digital assets, Bitwise Web3 ETF faces several regulatory challenges. The evolving regulatory landscape surrounding cryptocurrencies and blockchain technology creates uncertainty. The fund must comply with securities laws and regulations related to investment companies. Capital requirements and compliance costs associated with managing a fund focused on digital assets can be significant.
How is Bitwise Web3 ETF adapting to fintech disruption?
Bitwise Web3 ETF is inherently positioned to benefit from fintech disruption, as it focuses on companies involved in developing and implementing Web3 technologies. The fund's investment strategy aligns with the growing trend of decentralization and the increasing adoption of blockchain-based solutions.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- The Web3 sector is highly volatile and speculative.
- The fund's performance is dependent on the adoption and development of Web3 technologies.
- Regulatory uncertainty surrounding digital assets could impact the fund's value.