BWEB vs. ARKF ETF Comparison

Comparison of Bitwise Web3 ETF (BWEB) to ARK Fintech Innovation ETF (ARKF)

BWEB

Bitwise Web3 ETF

BWEB Description

Bitwise Web3 ETF is an exchange traded fund launched and managed by Bitwise Investment Manager, LLC. The fund is co-managed by Vident Investment Advisory, LLC. It invests in public equity markets of global region. It invests in stocks of companies operating across cryptography and blockchain technology, web3 infrastructure companies, metaverse and immersive digital, web3 development and governance, web3 creator economy sectors. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the Bitwise Web3 Equities Index, by using full replication. Bitwise Web3 ETF was formed on October 4, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$57.30

Average Daily Volume

529

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ARKF

ARK Fintech Innovation ETF

ARKF Description

ARKF is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital. It seeks to achieve this investment objective by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of financial technology (“Fintech”) innovation. A company is deemed to be engaged in the theme of Fintech innovation if (i) it derives a significant portion of its revenue or market value from the theme of Fintech innovation, or (ii) it has stated its primary business to be in products and services focused on the theme of Fintech innovation. The Adviser defines “Fintech innovation” as the introduction of a technologically enabled new product or service that potentially changes the way the financial sector works, which ARK believes includes but is not limited to the following business platforms: Transaction Innovations; Blockchain Technology; Risk Transformation; Frictionless Funding Platforms; Customer Facing Platforms; New Intermediaries;

Grade (RS Rating)

Last Trade

$38.23

Average Daily Volume

394,659

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BWEB	ARKF
30 Days	15.87%	19.79%
60 Days	26.41%	29.46%
90 Days	26.27%	34.14%
12 Months	62.69%	71.97%

7 Overlapping Holdings

Symbol	Grade	Weight in BWEB	Weight in ARKF	Overlap
COIN	A	11.22%	10.71%	10.71%
HOOD	A	4.24%	4.64%	4.24%
META	C	6.85%	2.52%	2.52%
NVDA	A	1.58%	1.32%	1.32%
RBLX	B	7.17%	3.28%	3.28%
SHOP	B	9.65%	11.07%	9.65%
SQ	A	4.55%	6.13%	4.55%

BWEB Overweight 21 Positions Relative to ARKF

Symbol	Grade	Weight
EQIX	A	6.53%
NET	B	4.03%
TTWO	A	3.87%
EA	A	3.81%
MARA	C	3.61%
U	F	3.53%
CLSK	C	2.04%
RIOT	C	1.99%
AKAM	F	1.97%
TSM	B	1.34%
GOOG	B	1.29%
V	A	1.23%
MA	B	1.2%
XOM	B	1.19%
WULF	C	1.17%
MSFT	D	1.17%
IREN	C	1.09%
CIFR	C	0.82%
APLD	B	0.48%
BTBT	C	0.39%
CMPO	A	0.15%

BWEB Underweight 21 Positions Relative to ARKF

Symbol	Grade	Weight
TOST	A	-5.09%
SOFI	A	-4.78%
DKNG	B	-4.25%
PLTR	B	-3.34%
ROKU	D	-3.27%
MELI	D	-3.18%
PINS	F	-2.3%
PATH	C	-2.25%
SE	A	-1.79%
NU	C	-1.79%
GLBE	A	-1.78%
SPOT	A	-1.67%
RDDT	A	-1.57%
INTU	B	-1.5%
PYPL	B	-1.48%
BILL	A	-1.48%
CRWD	B	-1.31%
Z	A	-1.03%
ICE	C	-0.96%
IBTA	D	-0.56%
AMZN	B	-0.43%