2 years ago
Fidelity Investments has filed an exertion for a Metaverse ETF, aiming to way nationalist companies with vulnerability to the blockchain-based web of three-dimensional, virtual realities.
The Fidelity Metaverse ETF volition way the Fidelity Metaverse Index, which tracks “the show of a planetary beingness of companies that develop, manufacture, distribute, oregon merchantability products oregon services related to establishing and enabling the Metaverse,” according to the filing
Fidelity’s exertion is the latest among companies looking to code skyrocketing involvement successful the metaverse. Last December, ProShares filed a metaverse ETF exertion with the SEC.
In June, Roundhill Investments launched a metaverse ETF that trades connected the New York Stock Exchange. Four large South Korean plus absorption funds are besides now listing metaverse-related exchange-traded funds (ETFs), the archetypal successful the country.
Geode Capital Management volition beryllium a sub-adviser for the Fidelity fund.
On Thursday, the SEC refused to o.k. a Fidelity spot bitcoin ETF adding to the caller database of rejected applications.
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Michael Bellusci is CoinDesk's crypto payments reporter.
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