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 can be seen of as a successor to today’s mobile Internet, but it will also include a plethora of interoperable and permanent virtual worlds that will be fully interwoven into the physical world, resulting in a new media and economy for employment, pleasure, and creativity.
The Metaverse economy is expected to be worth $8 trillion, according to Morgan Stanley and Goldman Sachs. Nvidia’s creator and CEO, Jensen Huang, believes that the Metaverse’s economy would someday surpass that of the real world.
The Fund will aim to offer investors exposure to the Metaverse
The Fund will seek to provide investors with exposure to the Metaverse by following the performance of the Ball Metaverse Index before fees and costs (BALLMETA Index). The Roundhill Ball Metaverse ETF (NYSE Arca: METV), which also follows the BALLMETA Index, was the largest sector ETF launched in the United States in 2021, according to TD Ameritrade (2/15/2022).
Ball Metaverse Research Partners, an indexing and research organization run by Matthew Ball, a seasoned Metaverse investor, counselor, and researcher, is in charge of the Index.
“The birth of the Metaverse, we believe, will be as transformational and useful as the rise of the mobile Internet and the fixed-line Internet before it. It will very certainly affect every sector and profession, expanding and/or challenging today’s leaders and spawning a slew of new businesses and innovations “Matthew Ball said.
“We feel that all investors, not just Americans, should be able to invest in our topics. This launch will be a critical step towards attaining that aim “Tim Maloney, Roundhill’s CIO, stated. “We’re thrilled to be launching our first fund in Europe and look forward to expanding our product offerings in the future.”