According to a CSOP Asset Management disclosure document, Hong Kong’s first metaverse-themed exchange-traded fund (ETF, the CSOP Metaverse Concept ETF, will be listed on the Stock Exchange of Hong Kong on February 21.
The metaverse ETF will invest at least 70% of its net asset value in securities businesses that are directly or indirectly connected with the metaverse business. Then, and are listed on the New York Stock Exchange or Nasdaq, or traded on US over-the-counter markets.
Meta, Roblox, Nvidia, Unity, Apple, Snap, AMD, Qualcomm, Sony. Then, and Tencent are among the top ten holdings in the ETF portfolio, according to Shanghai-based state-media subsidiary Yicai.
Metaverse infrastructure, construction technologies, applications, and content are the four main areas of focus for the fund.
The issuance price would be fixed at around US$1 (HK$7.8) during the initial offer period.
Since last year, metaverse ETFs have been springing up, with South Korea releasing Asia’s first four metaverse ETFs. Of course, which garnered $100 million in just two weeks.
According to Morgan Stanley, the metaverse’s market value might reach US$8 trillion in China alone.
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