Breakwave Tanker Shipping ETF (BWET)

Profile

Breakwave Tanker Shipping ETF is an exchange-traded fund designed to provide long-only, unlevered exposure to the crude oil tanker shipping market. It seeks to mirror the daily price movements of near-dated freight futures that reflect the cost of transporting crude oil, giving investors access to tanker shipping economics without maintaining a futures account. The fund focuses on the wet freight segment of the maritime transport market and primarily uses futures linked to major crude carrier classes such as Very Large Crude Carriers and Suezmax vessels. As a commodities-oriented product, it serves as a specialized tool for gaining exposure to global oil logistics, shipping rates, and freight-market conditions through a single listed security.