Roundhill Investments, an ETF sponsor focused on innovative thematic funds, announced the launch of the Roundhill Ball Metaverse UCITS ETF (METV) on the Deutsche Börse Xetra. METV is the first Metaverse ETF to list in Germany.
Sign up to our free newsletters
Will Hershey, CFA Co-Founder & CEO Roundhill Investments
The Metaverse is broadly understood as a successor-state to today’s mobile Internet, but which will involve countless interoperable and persistent virtual worlds, be richly integrated into the physical world as well, thereby creating a new medium and economy for work, leisure, and innovation. Morgan Stanley and Goldman Sachs have estimated that the Metaverse economy will be worth roughly $8 trillion. Jensen Huang, founder and CEO of Nvidia, has said he believes the Metaverse economy will eventually exceed that of the physical world.
At an expense ratio of 0.59%, the Roundhill Ball Metaverse UCITS ETF (METV) is the lowest-cost European exchange-traded product focused on the rapidly-growing Metaverse theme.
The Fund’s underlying index is managed by Ball Metaverse Research Partners, an indexing and research firm led by Matthew Ball, a seasoned investor, advisor, and researcher of the Metaverse. The Index spans Metaverse companies across seven categories, including: compute, networking, virtual platforms, interchange standards, payments, content, and hardware. Notable holdings include Meta Platforms, Roblox, Unity, and Nvidia.
Subscribe to Our Newsletter
