London Stock Exchange Rolls Out First Metaverse ETF
Europe’s first metaverse-themed exchange-traded fund (ETF), the ETC Group Global Metaverse UCITS ETF (METR), has just been listed on the London Stock Exchange, Financial News reports.
According to the announcement, the ETF will track Solactive ETC Group’s global index, which offers access to 51 companies from the metaverse industry.
The companies featured in the index operate in the areas of virtual reality, augmented reality, online gaming, video streaming, 3D graphics, semiconductors, wireless communications, blockchain technology, including NFT and related cloud storage.
This is the second thematic ETF from the ETC Group in collaboration with HANetf. The ETC Group Digital Assets & Blockchain Equity ETF (KOIN) was previously launched. It provides access to digital assets and companies in the blockchain ecosystem, including cryptocurrency miners, as well as companies related to cryptocurrency trading.