The Metaverse also offers a variety of investment opportunities. ProShares now wants to make this tangible with an ETF.
ETF professionals from ProShares intends to launch an exchange-traded index fund with a focus on the Metaverse. This arises from a corresponding request from the financial administrator to the competent SEC. ETF is supposed to be the appropriate name ProShares Metaverse Theme ETF wear and Solactive Metaverse Topic Index recreate. This includes companies that align a significant part of their business activity with the metaverse. There are among others Apple, Meta Platforms and Nvidia.
The index, which has only been in existence since Nov. 15, is about 5.1 percent in the red monthly. This correlates with the general trend of the stock market, which is also heading south these days.
The ProShares Metaverse Theme ETF, of course, is not the only tradable ETF with a Metaverse approach. Also, it has been around since the middle of this year. Roundhill Ball Metaverse ETFwho currently manages $ 920 in assets and has secured the coveted META ticker. Overall, meta ETFs are capitalized at $ 2.2 billion at the time of this writing.
ProShares: also successful when it comes to Bitcoin
ProShares isn’t a blank slate in crypto circles, either. Because with that ProShares Bitcoin Strategy ETF (BITO) The US Treasury was able to bring the first US approved Bitcoin ETF to the stock exchanges. And with success: With a trading volume of nearly US $ 1 billion on day one, BITO was the second most successful ETF launch in stock exchange history.
ETFs are stock funds that, like stocks, can be traded on the stock market. They map the price of an index and allow investors to participate in the evolution of the price of the underlying asset without having to own it directly.
The ProShares Metaverse Theme ETF should be tradable 75 days after receiving the application, that is, early March.