Which ETFs Hold CoreWeave (CRWV)? The AI Infrastructure IPO, Explained
— 5 min read — Stock Spotlight
CoreWeave is the GPU cloud company that every AI lab runs on — and it went public as CRWV. If you missed the IPO but still want exposure, here's every ETF that now holds CoreWeave stock.
What is CoreWeave and why does it matter?
CoreWeave started as a crypto mining company and pivoted to GPU cloud computing at exactly the right moment. When OpenAI, Anthropic, and every other AI lab needed massive GPU clusters to train their models, CoreWeave was there with tens of thousands of NVIDIA H100s ready to rent. Microsoft signed a multi-billion dollar contract. The company IPO'd as CRWV with a valuation that made it one of the largest tech listings in years. It's effectively the 'AWS for AI training.'
AI and cloud thematic ETFs: BOTZ, AIQ, CLOU
The first wave of ETFs to add CRWV are the AI and cloud infrastructure funds. Global X Robotics & AI ETF (BOTZ) and Global X Cloud Computing ETF (CLOU) both added CoreWeave post-IPO given its fit with their mandates. WisdomTree Artificial Intelligence and Innovation Fund (WTAI) and First Trust Nasdaq AI and Robotics ETF (ROBT) are also among the early holders. These thematic funds move quickly to add high-profile AI infrastructure names after their listings.
Broad tech index funds: QQQ and growth ETFs
As CRWV's market cap grew past major index thresholds, it entered broad technology index funds. Invesco QQQ (QQQ) added it following Nasdaq-100 rebalancing. Large-cap growth ETFs like iShares Russell 1000 Growth ETF (IWF) followed suit. These broad funds now give passive investors indirect CoreWeave exposure — a small slice as part of a large diversified basket.
Why CRWV is different from NVDA and MSFT
NVIDIA makes the GPUs. Microsoft uses them for Azure. CoreWeave rents them directly to AI developers at hyperscale — it's the layer in between. That makes CRWV a purer play on AI infrastructure demand than either of the big names. It's also a higher-risk bet: CoreWeave is heavily dependent on NVIDIA supply and has significant customer concentration. One large customer (Microsoft) accounts for a big chunk of revenue.
How to check CRWV exposure using this site
The Reverse Lookup tool on What an ETF! shows every ETF in our database that holds a given stock. Type CRWV and you'll see which funds have added it and at what weight. Because CoreWeave is a relatively new public company, fund holdings data updates as quarterly 13F filings come in — check back regularly as more ETFs build their positions.