BWEB Performance — Bitwise Web3 ETF
Data updated: 2026-05-21
BWEB returned −9.89% year to date and +32.29% over one year to Mar 2026. The annualised 3-year return is +29.25%. The fund beat its US Mid-Cap Growth category average: $100 invested three years ago grew to $216, against $136 for the category, and to $132 over one year, against $114. Volatility over the past three years was 34.56% a year. In the 12 months to Mar 2026 the fund took in a net $1.7M, and assets reached $5.35M.
BWEB Growth of $100
What $100 invested in Bitwise Web3 ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Growth category average over the same months.
| Period | BWEB | Category average |
|---|---|---|
| 1 year (Apr 2025 – Mar 2026) | $132 | $114 |
| 3 years (Apr 2023 – Mar 2026) | $216 | $136 |
| Since data start (Oct 2022 – Mar 2026) | $255 | $154 |
BWEB Trailing Returns
Total returns to Mar 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −9.89% |
| 1 year | +32.29% |
| 3 years (annualised) | +29.25% |
BWEB Annual Returns
Calendar-year total returns of Bitwise Web3 ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Mar) | −9.89% |
| 2025 | +28.12% |
| 2024 | +27.02% |
| 2023 | +98.12% |
| 2022 (Oct–Dec) | −12.25% |
BWEB Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −1.5% | −5.2% | −3.5% | — | — | — | — | — | — | — | — | — |
| 2025 | +9.3% | −7.4% | −13.8% | +6.8% | +15.0% | +13.4% | +8.0% | +1.1% | +10.8% | +4.2% | −11.7% | −5.3% |
| 2024 | −8.5% | +15.7% | +2.4% | −11.9% | +1.5% | +5.4% | −0.6% | +0.6% | +5.0% | +3.2% | +23.0% | −6.7% |
| 2023 | +25.1% | −2.3% | +10.0% | −3.6% | +10.9% | +8.4% | +11.7% | −13.2% | −7.9% | −2.0% | +23.2% | +17.9% |
| 2022 | — | — | — | — | — | — | — | — | — | +1.6% | −1.7% | −12.1% |
BWEB Risk
Risk measures from monthly returns over Apr 2023 – Mar 2026.
- 3-year volatility (annualised): 34.56%
- 3-year Sharpe ratio: 0.72 (vs 4.5% risk-free rate)
- Best month: +23.16% (Nov 2023)
- Worst month: −13.77% (Mar 2025)
BWEB Fund Flows
Monthly money in and out of Bitwise Web3 ETF, from SEC Form N-PORT.
- 12-month net flow: $1.7M
- 12-month gross sales (incl. reinvestments): $4.6M
- Sales ÷ redemptions: 1.60×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Mar 2026 | $0 | $0 | $0 |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $0 | $0 | $0 |
| Dec 2025 | $0 | $0 | $0 |
| Nov 2025 | $0 | $0 | $0 |
| Oct 2025 | $1.7M | $0 | $1.7M |
| Sep 2025 | $1.6M | $1.6M | −$10K |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $0 | $0 | $0 |
| Jun 2025 | $1.3M | $1.3M | $5K |
| May 2025 | $0 | $0 | $0 |
| Apr 2025 | $0 | $0 | $0 |
BWEB Assets Under Management
Net assets of Bitwise Web3 ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-03-31 | $5.35M |
| 2025-12-31 | $5.94M |
| 2025-09-30 | $5.19M |
| 2025-06-30 | $4.30M |
| 2025-03-31 | $3.08M |
| 2024-12-31 | $3.53M |
| 2024-09-30 | $2.98M |
| 2024-06-30 | $2.84M |
| 2024-03-31 | $3.01M |
| 2023-12-31 | $1.04M |
| 2023-09-29 | $732.58K |
| 2023-06-30 | $821.08K |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.