Bitwise to Wind Down Web3 ETF with May 21 Trading Cutoff and May 29 Liquidation
Bitwise Asset Management will liquidate the Bitwise Web3 ETF (BWEB) on May 29, 2026, after its final trading and creation unit dates on May 21 and NAV calculation on May 28. Shareholders holding BWEB after May 21 will be automatically redeemed for cash at its calculated NAV.
1. Liquidation Timeline and Key Dates
Bitwise Asset Management set the final creation and trading date for BWEB at May 21, 2026, with NAV calculation on May 28 and liquidation scheduled for May 29, 2026, marking the end of BWEB’s market availability.
2. Shareholder Redemption Process
Investors who do not sell their BWEB shares by May 21 will have positions automatically redeemed for cash through their brokers or intermediaries, based on the ETF’s NAV determined on May 28, with proceeds expected around May 29.
3. Bitwise’s ETF Lineup and Strategic Impact
The closure of BWEB, alongside the Trendwise BTC/ETH & Treasuries ETF, reflects Bitwise’s strategic focus on its core offerings within an $11 billion crypto asset suite encompassing over 70 investment products for retail, institutional, and wealth management clients.