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SoFi Launches Web3 ETF

Personal finance provider SoFi Technologies Inc. has announced the launch of a new ETF looking to offer exposure to the growing Web3 service. The SoFi Web 3 ETF (TWEB) listed earlier this week on the Nasdaq with a 0.59% expense ratio. TWEB looks to gain exposure to the up and coming Web3 services for internet websites and applications focusing on four key terms, non fungible tokens, blockchain technology, AI, and the metaverse.

ETF Newz Says:

TWEB will follow the SoFi Solactive ARTIS Web 3.0 Index which tracks 40 companies based on their similarities to the themes.