Rakuten Group Inc. Makes New Investment in Bitwise Web3 ETF $BWEB

Rakuten Group Inc. purchased a new position in shares of Bitwise Web3 ETF (NYSEARCA:BWEB) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,690 shares of the company’s stock, valued at approximately $78,005,000. Bitwise Web3 ETF makes up 0.0% of Rakuten Group Inc.’s holdings, making the stock its 5th largest holding. Rakuten Group Inc. owned about 0.08% of Bitwise Web3 ETF as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jane Street Group LLC lifted its stake in shares of Bitwise Web3 ETF by 6.9% in the 1st quarter. Jane Street Group LLC now owns 11,604 shares of the company’s stock valued at $560,000 after acquiring an additional 745 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Bitwise Web3 ETF in the fourth quarter valued at about $788,000. Finally, Ankerstar Wealth LLC bought a new position in Bitwise Web3 ETF in the fourth quarter valued at about $76,000.

Bitwise Web3 ETF Stock Performance

Shares of BWEB stock opened at $76.83 on Friday. Bitwise Web3 ETF has a 12 month low of $58.52 and a 12 month high of $88.75. The firm has a market capitalization of $6.15 million, a price-to-earnings ratio of 31.67 and a beta of 2.11. The business’s 50-day moving average price is $76.83 and its 200-day moving average price is $72.46.

About Bitwise Web3 ETF

The Bitwise Web3 ETF (BWEB) is an exchange-traded fund that is based on the Bitwise Web3 Equities index. The fund tracks a tier-weighted index of companies connected to the global Web 3.0 industry. The selection process is overseen by a committee. BWEB was launched on Oct 4, 2022 and is managed by Bitwise.