Metaverse and NFT‘s are one of the most popular concepts of the last period, and the popularity between the two is constantly changing.
The Metaverse rush, which increased especially at the end of 2021, attracted the attention of institutional investors, just like the NFT rush.
When the institutional investors came, the emergence of institutional products was inevitable.
Metaverse ETF Enters London
Europe’s first Metaverse-focused ETF UCITS ETF (METR); It recently achieved a huge listing.
The product, named ETC Group Global Metaverse, officially entered the London markets yesterday. The ETF, which is listed on the London Stock Exchange, can now be bought and sold from where the world trade turns.
The ETF will track the Solactive ETC Group Global Metaverse index, which is based on the shares of 51 companies currently existing in the metaverse world.
The field of these companies can be different, such as virtual reality / augmented reality, semiconductor chip manufacturing, wireless communication, online gaming, video broadcasting, blockchain technology, cloud-based services and data storage.
London Stock Exchange With this announcement, it became one of the exchanges that have metaverse-based ETFs.
The Hong Kong Stock Exchange recently made a similar announcement. Goldman Sachs thinks that the metaverse ecosystem can reach an incredible level of 12 trillion dollars in the coming years, and even this reveals the reason for institutional investment.