ETC Group and HANetf are set to launch Europe’s first metaverse ETF on the London Stock Exchange later this month.
The ETF tracks the Solactive ETC Group Global Metaverse index which currently offers exposure to 51 companies active in the metaverse industry.
This includes areas such as VR/AR, 3D graphics, semiconductors, wireless communications, online gaming, video streaming, blockchain technologies including NFTs and connected cloud and data storage.
Solactive also employs alternative data methods such as artificial intelligence to calculate the index.
The ETF’s name or fees are yet to be revealed.
According to Morgan Stanley, the metaverse has a potential $8.3trn total consumer expenditure in the US alone depending on the level of disruption.
Bradley Duke, founder and co-CEO of ETC Group commented: “The metaverse has been hard for investors to avoid. It has gone from an obscure, theoretical idea to being variously described as everything from the evolution of virtual reality to the next iteration of the internet
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