The ETC Group Global Metaverse UCITS ETF (METR), Europe’s first metaverse-themed exchange-traded fund (ETF), debuted on the London Stock Exchange on Thursday and is now available for purchase across Europe.
The ETF will track the Solactive ETC Group Global Metaverse Index, which currently includes 51 metaverse companies.
VR/AR, 3D graphics, semiconductors, wireless communications, online gaming, video streaming, blockchain technologies including NFTs. Then, and related cloud and data storage are all areas where the companies are active.
METR is the second themed ETF developed by ETC Group, a developer of digital asset-backed securities. Then, and HANetf, a provider of UCITS ETFs.
The London Stock Exchange joins a global trend of exchanges announcing their first metaverse-themed funds. That’s, with the Hong Kong Stock Exchange announcing its own last month.
According to Goldman Sachs, the metaverse has already drawn billions of dollars in investment. Of course, with a global market size of $12 trillion.
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