The Ethereum network-based DeFi industry has definitely entered our lives very quickly. First of all, DeFi applications, then NFTs and now the metaverse, which includes many technology giants, is taking the whole world by storm. Evidence for this also came from Roundhill Investment.
Roundhill Investments’ investment product, the Metaverse ETF (META), has received $754 million in investment since Facebook’s rebrand on October 28. Immediately after this, another company called First Trust took an important step to launch a similar product.
Metaverse ETP Coming
Valour, a subsidiary of DeFi Technologies, is preparing to launch a Metaverse-focused ETP in Europe. The company’s Metaverse and Gaming focused ETP has already been approved by Switzerland’s regulator SFSA. It is stated that now the product is waiting for approval from the European Union.
ETP will focus on five metaverse-related digital assets, among which Decentraland with of Axie Infinity is known to be. Although the ETP is approved by an institution, there is still another front where it is not approved, but such a product is expected to be approved in the short term. The bustling of institutions like Facebook certainly presents an opportunity for many investors and corporate structures, and with a metaverse-focused ETP, everything can be very different.
*Not Investment Advice.