Fidelity Investments Launches Crypto, Metaverse ETFs — Says ‘We Continue to See Demand’

Fidelity Investments, 1 of the largest fiscal services firms with much than $11 trillion nether administration, is launching exchange-traded funds (ETFs) focusing connected the crypto ecosystem and the metaverse. “We proceed to spot demand, peculiarly from young investors, for entree to the rapidly increasing industries,” said Fidelity.

Fidelity Sees Demand for Crypto, Metaverse Investments

Fidelity Investments announced the motorboat of a mates of exchange-traded funds (ETFs) this week to connection investors vulnerability to the crypto manufacture and the metaverse.

The archetypal is called “Fidelity Crypto Industry and Digital Payments ETF (FDIG).” It invests successful companies that “support the broader integer assets ecosystem, including those progressive successful crypto mining and trading, blockchain technology, and integer payments processing,” the steadfast described. However, this crypto ETF volition not connection nonstop vulnerability to cryptocurrency.

The 2nd is called “Fidelity Metaverse ETF (FMET).” It invests successful companies that “develop, manufacture, distribute, oregon merchantability products oregon services related to establishing and enabling the metaverse.” They see firms focusing connected “computing hardware and components, integer infrastructure, plan and engineering software, gaming exertion and software, web improvement and contented services, and smartphone and wearable technology​.”

The caller ETFs volition beryllium disposable connected oregon astir April 21 for idiosyncratic investors and fiscal advisors to acquisition commission-free done Fidelity’s online brokerage platforms, the announcement details. The institution noted that with the caller products added, Fidelity volition connection 51 ETFs altogether.

Fidelity is simply a large fiscal services steadfast with assets nether medication of $11.1 trillion arsenic of February. Headquartered successful Boston, the institution serves much than 40 cardinal idiosyncratic investors worldwide.

Greg Friedman, Fidelity’s caput of ETF absorption and strategy, commented:

We proceed to spot demand, peculiarly from young investors, for entree to the rapidly increasing industries successful the integer ecosystem, and these 2 thematic ETFs connection investors vulnerability successful a acquainted concern vehicle.

What bash you deliberation astir Fidelity launching crypto and metaverse ETFs? Let america cognize successful the comments conception below.

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