Europe’s first Metaverse thematic exchange-traded fund will launch in London this month.
The UCITS Metaverse ETF, launched by HanEtf and ETC Group, will list on the London Stock Exchange, and will track the Solactive ETC Group Global Metaverse Index.
The Metaverse remains in a nascent phase of growth, with the potential for US$8.3trn in consumer expenditure and US$12trn global in market size.
The Metaverse ETD will provide pure-play exposure to metaverse companies like those active in VR/AR, 3D graphics, semiconductors and blockchanin technologies including NFTs and digital land.
“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,” said Bradley Duke, founder and co-CEO of ETC Group.
“Our ETF will allow investors to gain exposure to this exciting investment opportunity.”
The Metaverse ETF follows a partnership between HANetf and ETC Group following the launch of the ETC Group Digital Assets & Blockchain Equity UCITS ETF.
“We are proud to have worked with ETC Group to provide another European market first, this time in the form of a Metaverse ETF,” said co-CEO and co-founder of HANetf Hector McNeil said.
“As Europe’s most extensive thematic ETF issuer, this is an exciting fund to add to our roster.”