Breakwave Tanker Shipping ETF

Shipping crude across oceans has its own futures market, and BWET is the first ETF built to trade it. Rather than owning tanker companies, the fund holds a rolling basket of near-dated wet freight futures, contracts tied to the cost of hauling oil by sea, with an average maturity of a couple of months and Treasury bills backing the position. That makes it a direct play on tanker rates themselves, which spike and collapse with oil flows, sanctions, port congestion and the length of the routes ships must sail. The exposure behaves very differently from energy or shipping equities and is meant for tactical use, not buy-and-hold, given the volatility and cost of holding freight futures. Breakwave designed the strategy and Amplify brought it to market in 2023, following the same playbook as their dry-bulk shipping fund.

On MyRWA, BWET trades tokenized across 1 on-chain venue - see the listings below.