This is claimed to the Europe’s first metaverse-themed ETF.

The ETC Group Global Metaverse UCITS ETF made its debut on the London Stock Exchange on March 17. It will be passported for sale across Europe, making it Europe’s first Metaverse ETF, and giving investors the opportunity to get exposure to a new, wide-scale, and long-term investment opportunity megatrend. (Yahoo Finance)

ETC Group Global Metaverse UCITS ETF (METR)

The new ETF will track the Solactive ETC Group Global Metaverse Index.

It will enable a focused exposure to the Metaverse industry, composed of companies active in VR/AR, 3D graphics, semiconductors, high-speed wireless communications, online gaming, video streaming, blockchain technologies including NFTs and digital land, and connected cloud, file, and data storage.

The opportunity appears to be huge given that Morgan Stanley and Goldman Sachs have projected potential of $8.3 trillion total consumer expenditure in the US alone and a potential market size of $12 trillion globally.

Fundspeak

Bradley Duke, Founder and Co-CEO of ETC Group 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.”

ETC collaborated with HANetf on the new ETF.

Hector McNeil, co-CEO and co-Founder of HANetf commented: “We are proud to have worked with ETC Group to provide another European market first, this time in the form of a Metaverse ETF. As Europe’s most extensive thematic ETF issuer, this is an exciting fund to add to our roster.

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