Fidelity launches Metaverse ETF, expects explosive growth

Amid disappointing performances by growth stocks this year, including plenty of previously beloved names, it’s easy for investors to sour on disruptive themes, including the metaverse.
On the other hand, the metaverse investment thesis is still in its infancy, indicating that 2022 struggles by growth stocks with metaverse exposure could be providing investors with an ideal opportunity to evaluate exchange traded funds such as the Fidelity Metaverse ETF (FMET).
Roughly four months old, FMET is fresh on the metaverse ETF scene, but with time, it could prove to be one of 2022’s more well-timed rookie ETFs. Various metaverse forecasts confirm as much.
“Already, popular consumer brands have started using these platforms and the race for creating their presence in the Metaverse has begun in earnest. The Metaverse market size is estimated at $40-60 billion in 2021 and expected to reach around $8-13 trillion by 2030, according to major investment banks like Goldman Sachs, Morgan Stanley and Citibank,” according to MoneyControl.
Numbers like those, particularly the latter set, imply the metaverse is a vast, sprawling opportunity for companies. That says companies operating in this space need capital and scale, which are boxes checked by many FMET components.

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