ETC Group recently announced the launch of ETC Group Global Metaverse UCITS ETF, a metaverse-themed exchange-traded fund (ETF) in conjunction with HANetf.
The new Metaverse ETF lists today on the London Stock Exchange and will be up for sale across Europe, making it the region’s first metaverse ETF.
METR grants European investors access to a wide-scale and long-term investment opportunity megatrend by tracking the Solactive ETC Group Global Metaverse Index.
Solactive ETC Group Global Metaverse Index currently offers exposure to 51 active players in the metaverse space using leading alternative data and methods such as Artificial Intelligence.
These firms engage in metaverse-related offerings ranging from VR/AR to 3D graphics, semiconductors, wireless communications, online gaming, video streaming, blockchain technologies including NFTs, and related cloud and data storage.
The ETF, which also covers companies involved in everything from blockchain technologies and data storage to semi-conductors, will be launched under the EU's UCITS rules, which allows mutual funds to be sold across the bloc.
METR is the second thematic ETF collaboration the ETC Group has engaged in to develop digital asset-backed securities, and HANetf has been its independent UCITS ETFs provider. Bradley Duke, co-chief executive of ETC said:
The metaverse has been hard for investors to avoid. It has gone from an obscure, theoretical idea to being variously described as everything from the evolution of virtual reality to the next iteration of the internet. Our ETF will allow investors to gain exposure to this exciting investment opportunity.
The London Stock Exchange has now officially joined the global trend of exchanges rolling out their first metaverse-themed funds, after the Stock Exchange of Hong Kong launched its own last month.