Europe’s first metaverse ETF is traded on the London Stock Exchange.
The ETC Group Global Metaverse UCITS ETF (METR), Europe’s first metaverse themed ETF, was launched on the London Stock Exchange on Thursday. Through this ETF, investors will be able to invest in 51 companies operating in the metaverse industry in areas such as VR/AR, 3D graphics, online gaming, NFTs, blockchain and related cloud and data storage.
Last month, the Hong Kong Stock Exchange launched the country’s first metaverse ETF.
As we have mentioned before, the metaverse area has received a lot of attention with Meta’s move. After the move, many companies and even countries operating in different fields began to be interested in the field and allocate funds. US banking giant Goldman Sachs says the metaverse has already attracted billions of dollars in investment, with a potential market size of $12 trillion worldwide.
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