Aussies embrace Metaverse ETF with 32 stocks in basket

The ASX welcomed its newest exchange-traded fund (ETF) to its boards last week.
Over the past 12 months, ASX has welcomed the BetaShares Online Retail and E-Commerce ETF (ASX: IBUY), the ETFS Hydrogen ETF (ASX: HGEN), and the BetaShares Crypto Innovators ETF (ASX: CRYP) to the ASX.

And now, the BetaShares Metaverse ETF (ASX: MTAV) joined this list. 

Metaverse ETF joins the ASX
As its name implies, it invests in a basket of global ‘metaverse’ shares.
As my Fool colleague Tony noted in his coverage, the metaverse is the term that refers to the idea that the internet will morph into a “massive unified virtual world”.
It has been a term most associated with the social media giant Meta Platforms, which of course used to be known as Facebook.
So it perhaps will come as no surprise that Meta stock is one of the largest holdings in this new ETF. But other well-known shares like Roblox, NVIDIA, Apple and Disney are also present in its 32-share strong portfolio.

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