What is 'web 3' ETF?

Online personal finance and investment company SoFi Technologies has launched a thematic equity ETF targeting companies powering ‘Web 3’, a future iteration of the internet characterized by blockchain technology, artificial intelligence, and the metaverse. Anthony Noto, CEO of SoFi Technologies.

What is the expense ratio of the SoFi Web 3 ETF?

Anthony Noto, CEO of SoFi Technologies. The SoFi Web 3 ETF (TWEB US) has been listed on Nasdaq with an expense ratio of 0.59%. Looking back at the historical development of the internet, Web 1 represented the initial collection of links and homepages which could be viewed by users but lacked meaningful interaction.

What is web 3?

Indeed, the notion of Web 3 is being driven by a desire to combat these privacy and security concerns, shifting power back towards individuals and away from the dependency on large tech companies like Amazon, Alphabet, Facebook (Meta), Twitter, and Netflix.

What is tweb & how does it work?

TWEB tracks the SoFi Solactive ARTIS® Web 3.0 Index, providing diversification by investing in 40 securities across four themes - NFTs & Tokenization, Blockchain Technology, Metaverse, Big Data & AI - solving the key problems with the internet today.