iShares MSCI Taiwan ETF 

EWT Price

What is the iShares MSCI Taiwan ETF (EWT) tokenized stock?

iShares MSCI Taiwan ETF (EWT) is a BlackRock/iShares exchange-traded fund tracking large- and mid-cap Taiwanese equities. On crypto venues, EWT trades as a synthetic perpetual derivative referencing the fund's price — not custody of actual fund shares. EWT listed on NYSE Arca on 20 June 2000 under ISIN US46434G7723. EWT gives derivative traders tokenized exposure to Taiwan's stock market, concentrated heavily in semiconductors.

Which MSCI Taiwan index does EWT track?

EWT tracks the MSCI Taiwan 25/50 Index, a free-float, market-cap-weighted index of large- and mid-cap Taiwanese equities. EWT adopted the 25/50 methodology in December 2016, replacing the original MSCI Taiwan Index. The 25/50 rules cap any single holding at 25% and limit the combined weight of holdings above 5% to 50% of the fund. These diversification limits are inherited from US regulated-fund requirements.

What company is EWT's largest holding?

Taiwan Semiconductor (TSMC) is EWT's largest single holding at roughly 21% of the fund — the index-capped maximum single-name weight. TSMC's dominance makes EWT a concentrated proxy for Taiwan's semiconductor sector rather than a broad-market fund. This single-name concentration is EWT's primary portfolio risk: EWT's performance tracks TSMC's share price more closely than any other Taiwanese equity.

How is EWT traded on crypto exchanges?

EWT trades on crypto exchanges exclusively as USDT-quoted perpetual futures — a 100% derivative structure with no spot and no decentralized-exchange (DEX) markets. Per DropsTab data, EWT lists across 8+ derivative venues, all centralized-exchange (CEX) futures markets. These perpetuals are leverage-capable synthetic contracts referencing the ETF's price; EWT traders never take custody of actual fund shares. Funding-rate costs and counterparty risk apply to every EWT position.

What backs EWT's value on crypto derivative venues?

EWT's crypto price is backed by the market price of the underlying BlackRock/iShares fund, not by reserves held on-chain. EWT on crypto venues is a synthetic derivative — each perpetual contract references the ETF's NYSE Arca price rather than holding fund shares in custody. This structure carries counterparty and derivative-regulation exposure distinct from owning the SEC-registered fund. The underlying iShares fund itself holds physical Taiwanese equities.

Why can EWT's price diverge from the underlying fund?

EWT's perpetual price can diverge from the underlying fund's NYSE Arca value, especially outside US market hours when the actual ETF is not trading. EWT perpetuals trade 24/7 on crypto venues, while the underlying fund prices only during NYSE session hours. Funding-rate mechanics and derivative supply/demand push EWT's perpetual price above or below the reference fund price. This basis risk is inherent to synthetic ETF derivatives.

How much does EWT charge in annual fees?

EWT charges a net expense ratio of 0.59% annually at the fund level. This 0.59% fee applies to holders of the actual iShares fund, not to the crypto perpetual derivative — EWT perpetual traders instead pay funding-rate costs rather than a management fee. The expense ratio covers BlackRock/iShares management of the underlying Taiwanese-equity portfolio.