ProShares management company has applied for SEC to launch an exchange-traded fund (ETF) with a focus on the metaverse. Writes about it Bloomberg…
If approved, the ProShares Metaverse Theme ETF will follow the dynamics of the Solactive Metaverse Theme Index. It consists of companies that provide or use the technologies underlying metaverse-related products and services. The largest shares in the index are held by Apple, Meta Platforms (formerly Facebook) and Nvidia.
According to the publication, the volume of assets under the management of such thematic ETFs reached $ 2.2 billion by December 28. Most of them were launched in the fourth quarter of 2021. AUM the largest of these, The Roundhill Ball Metaverse under the ticker META, was worth $ 916 million.
“We will see more products hit the market that offer a unique twist on this long-term theme.”– said Todd Rosenbluth, director of research for mutual funds and ETFs at CFRA.
As a reminder, the first US Bitcoin futures ETF from ProShares started trading in October. By the end of November, the instrument occupied 95.5% of the market.
Grayscale predicted the annual revenue of the Web 3.0 metaverse sector to $ 1 trillion.
