4 Best Web3 ETFs to Buy in Q3 2024
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The concept of Web3 became popular in 2021 as cryptocurrencies boomed and as people imagined the next vision of the future. It is based on the idea of decentralization and individual liberty, where people use take part in the decision-making of key services.
For example, instead of trading using a centralized crypto exchange, the concept calls for the idea of decentralized finance (DeFi). DeFi applications like Uniswap, Raydium, and PancakeSwap make it easy for users to trade without using centralized platforms like Binance and Coinbase.
There are no Web3 ETFs. However, if you are interested in investing in the industry, you can focus on some of the popular crypto-focused ETFs.
What are the top Web3 ETFs to buy?
Copy link to sectionOur financial experts’ favourite Web3 ETFs are available in the table below. As this is a new field, there is only a single option at the moment, but it’s an industry that’s likely to grow very quickly. Click on the links in the table to invest now, or check back regularly to find out as soon as new options come onto the market.
| # | ETF symbol | ETF name | Learn more |
|---|---|---|---|
| 1 | IBLC | iShares Blockchain and Technology | Learn more > |
| 2 | BKCH | Global X Blockchain ETF | Learn more > |
| 3 | WGMI | Valkyrie Bitcoin Miners ETF | Learn more > |
| 4 | FDIG | Fidelity Crypto Industry and Digital Payments ETF | Learn more> |
1. iShares Blockchain & Tech ETF(IBLC)
Copy link to section- Assets: $22.4 million
- Expense ratio: 0.47%
- Year of inception: 2022
- 5-year performance: N/A
- Dividend yield: 1.27%
The iShares Blockchain and Technology ETF is one of the best Web3 ETFs to invest in. This fund invests in companies that are powering the Web 3 industry. These companies include Bitcoin miners and other technology firms.
Mining companies like CleanSpark, Marathon Digital, Hut Corp, Terawulf, and Iris Energy are some of the biggest firms in the fund. The other tech firms in the ETF are the likes of Nvidia, International Business Machines, Mastercard, and AMD. All these companies have a role in the web3 industry.
2. Global X Blockchain ETF
Copy link to section- Assets: $163 million
- Expense ratio: 0.50%
- Year of inception: 2021
- 5-year performance: N/A
- Dividend yield: 2.08%
The Global X Blockchain ETF is another web 3 fund you can invest in. This fund, like the IBLC, tracks the biggest companies in the blockchain industry. Most of these funds are in the information technology industry followed by financials, industrials, and communication services.
The biggest companies in the fund are Marathon Digital, which accounts for 10.2% of the total fund, Coinbase, Iris Energy, CleanSpark, Terawulf, and Hut 8 Group. Other companies in the fund are the likes of Robinhood, Bakkt, and Nvidia.
This is a relatively affordable fund if you are interested in the blockchain and Web3 industry.
3. Valkyrie Bitcoin Miners ETF (WGMI)
Copy link to section- Assets: $129 million
- Expense ratio: 0.75%
- Year of inception: 2022
- 5-year performance: N/A
- Dividend yield: 0.25%
The Valkyrie Bitcoin Miners ETF is a fund that invests in companies involved in the Bitcoin mining industry. It involves both mining firms and those that provide services to the sector.
The biggest company in the fund is AMD, a leading semiconductor company that manufactures advanced CPUs. Iris Energy, a leading miner known for its low-cost mining operations, is the biggest company in the fund with a 17% weighting.
The other big companies in the fund are CleanSpark, Core Scientific, Cipher Mining, Terawulf, and Marathon Digital.
The biggest risk for the fund is that one company accounts for 17% of its weighting, meaning that its drop would have a big impact. Its 0.75% expense ratio makes it quite expensive.
4. Fidelity Crypto Industry and Digital Payments ETF (FDIG)
Copy link to section- Assets: $105 million
- Expense ratio: 0.85%
- Year of inception: 2022
- 5-year performance: N/A
- Dividend yield: N/A
The Fidelity Crypto Industry and Digital Payments ETF (FDIG) is another Web3 ETF to consider. Like the other three funds, this ETF tracks the biggest companies in the blockchain industry.
Coinbase, the biggest crypto exchange in the US, accounts for 16% of the fund. It is followed by the likes of Marathon Digital, CleanSpark, Riot Platforms, and Cipher Mining. Most of its constituent companies are from the United States.
The FDIG ETF does well when cryptocurrencies are in a strong uptrend and vice versa. The key issue with the fund is that it has a high expense ratio of 0.85%.
Where to buy the best Web3 ETFs
Copy link to sectionYou can buy any of the ETFs on this page by signing up to an online broker. Use the links below to set up an account and you can start investing within minutes.
We found 4 online brokers for users based in
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What is a Web3 ETF?
Copy link to sectionAn ETF is a fund that owns a variety of shares in different companies. You can buy shares in the fund in order to benefit from the performance of all the companies that it owns. A Web3 ETF is one that simply holds shares in companies that either work in or benefit from the development of Web3.
Are Web3 ETFs a good investment?
Copy link to sectionIf you have high hopes for the future of the industry then this type of ETF could be the right approach. Using an ETF means you can benefit from the industry as a whole rather than rely on picking the right stocks yourself. These ETFs might also be suited to investors who are interested in stocks with high growth potential.
A Web3 ETF is more risky than other types of ETF, however. This is still a young industry with a lot of unknowns, so the flip-side of high reward is that you need to have to be willing to accept the risk as well.
The best way to stay informed about the development of Web3 and the ETFs associated with it is by following the latest news. You can do that by clicking the links at the bottom of the page, or start investing straight away on the best ETF platforms with the button below.
Methodology: How we choose the best web3 ETFs
Copy link to sectionAt Invezz, we are dedicated to helping investors make informed decisions by providing authoritative, accessible, and engaging advice and recommendations. Our curated section of the best Exchange-Traded Funds (ETFs) is carefully selected by our team of experienced market analysts and reviewed by a sub-editor. This methodology outlines the rigorous process we follow to ensure our ETF recommendations are up-to-date, reliable, and insightful.
- Analyst research & recommendations: Our seasoned market analysts use their in-depth sector knowledge to identify ETFs with strong potential, ensuring they meet high standards of performance, liquidity, and market potential.
- ETF evaluation: We evaluate ETFs based on their underlying assets, historical performance, expense ratios, and tracking accuracy, alongside macroeconomic factors and sector trends.
- Fund performance reports: We assess ETFs through the latest performance reports, analyzing key metrics like returns, volatility, expense ratios, and assets under management (AUM).
- Sector analysis and external recommendations: Our detailed sector analysis, combined with recommendations from reputable sources like Barron’s and Zacks, provides an additional layer of validation for our selections.
- Quarterly review & refresh: We update our curated ETF list quarterly, re-evaluating each ETF based on the latest reports, industry developments, and market conditions to ensure our recommendations reflect the most current information available.
More of the best ETFs
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
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