The metaverse is becoming an increasingly hot industry sector, with investors pouring money into new exchange-traded funds (ETFs) that promise to provide financial exposure. ETFs typically work by providing investors with a mix of assets which are aligned with a stated strategy. Some aim at providing diversification across the market. Metaverse ETFs are an example of “thematic” ETFs which aim to give targeted exposure to a particular investment trend, without investors having to put all the money into one company.
We take a look at 3 Metaverse ETFs that are available today. This article is for information purposes only and is in no way financial advice
1. Fidelity Metaverse ETF (FMET)
Fidelity Investments has plans in the works to launch exchange-traded funds (ETFs) to enable investors to gain exposure to the broader world of digital assets, according to a press release on April 12. The product is set to provide “access to companies that develop, manufacture, distribute, or sell products or services related to establishing and enabling the metaverse”. Fidelity recently put out a brief article explaining the opportunities in the space.
2. Roundhill Ball Metaverse ETF (METV)
Roundhill Investment’s Metaverse offering is already live and had $716 million Assets Under Management as at 14th April. Its current holdings include Roblox, Meta and Unity Software and trades on NYSE arca.
Roundhill Investments Website
This is based on The Ball Metaverse Index. This is a listing and ranking of the companies that have been curated by Matthew Ball using a proprietary methodology based on seven key enabling capabilities.
3. Horizons Global Metaverse Index (MTAV)
Horizons Global Metaverse Index ETF claims to be Canada’s first Metaverse ETF. It offers investors the opportunity “to capture the massive performance potential of companies operating in the fields of AR/VR, Creator Economy, Digital Infrastructure, Digital Marketplaces, Gaming, and Digital Payment.” The ETF tracks the Solactive Global Metaverse Index that includes publicly listed companies that “potentially stand to benefit from the adoption and usage of technologies expected to grow and support the functioning of the metaverse”.