Roundhill Investments, an ETF sponsor focused on innovative thematic funds, is planning to launch a Metaverse ETF in Germany later this month in partnership with Ball Metaverse Research Partners. The Fund will be Roundhill's first launch in the European market.
The Metaverse is broadly understood as a successor-state to today's mobile Internet, but which will involve countless interoperable and persistent virtual worlds, be richly integrated into the physical world as well, thereby creating a new medium and economy for work, leisure, and innovation. Morgan Stanley and Goldman Sachs have estimated that the Metaverse economy will be worth roughly $8 trillion. Jensen Huang, founder and CEO of Nvidia, has said he believes the Metaverse economy will eventually exceed that of the physical world.
The Fund will aim to offer investors exposure to the Metaverse* by tracking, before fees and expenses, the performance of the Ball Metaverse Index (BALLMETA Index). According to TD Ameritrade (2/15/2022), the Roundhill Ball Metaverse ETF (NYSE Arca: METV), which also tracks the BALLMETA Index, was the largest sector ETF launched in the U.S. in 2021, amassing $885 million in assets. The Index is managed by Ball Metaverse Research Partners, an indexing and research firm led by Matthew Ball, a seasoned investor, advisor, and researcher of the Metaverse.