Europe’s first themed Metaverse ETF listings on the LSE

METR

ETC Group and HANetf announced the creation of the ETC Group Global Metaverse UCITS ETF (METR). The new Metaverse ETF is listed on the London Stock Exchange today and will be allowed for sale across Europe. It will make it Europe’s first Metaverse ETF.

It was hard for investors to avoid the Metaverse, which has gone from a vague theoretical idea to a diverse Universality, from the evolution of virtual reality to the next iteration of the Internet. The ETF will allow investors to access these fantastic investment opportunities. 

METR provides European investors access to this large-scale and long-term megatrend of investment opportunities. In addition, the ETF will track the Solactive ETC Group global metaverse index as an index provider that uses advanced alternative methods and data such as artificial intelligence and modern computing technologies to develop custom indexes.  

The Metaverse, in its infancy, has already attracted billions of dollars of investment, with potential total consumer spending in the US alone – of $8.3 trillion. According to the estimates of Morgan Stanley and Goldman Sachs, the possible global volume of this market is $12 trillion.   

METR will provide a straightforward entry into the Metaverse industry for companies working in virtual and augmented reality, semiconductors, 3D graphics, high-speed wireless communications, video streaming, online games, blockchain technologies, including NFT and digital earth, and their associated cloud storage data. 

It is the second thematic UCITS ETF from ETC Group in collaboration with HANetf after the ETC Group Digital Assets & Blockchain ETF (KOIN). The UCITS ETF provides access to digital assets and blockchain ecosystem companies that mine and trade cryptocurrencies. ETC Group and HANetf have previously worked together to launch cryptocurrency exchange products (ETC) with 100% physical collateral on major European exchanges.

HANetf’s partnership with the ETC Group has had an excellent track record, including the launch of digital asset ETFs, the UCITS blockchain, and some of the most liquid and successful crypto-backed ETCs. In their opinion, this is an exciting fund that could be added to this list as the most extensive themed ETF issuer in Europe.   

As Timo Pfeiffer, Director of Markets at Solactive, stated

• “Advanced technologies and growing computing power are changing our daily lives. We are beginning to see unimaginable worlds in virtual spaces, and the Metaverse is the next stage of this landscape. We strive to bring the latest investment trends to our customers with our spirit of innovation, and we are delighted that ETC Group and HANetf share this mindset and launch such a cutting-edge product.”

When you trade ETFs, your capital is at risk. The technology associated with the Metaverse is new and evolving, and the risks related to digital assets may not fully manifest themselves until this technology is widely used.

About ETC Group

ETC Group develops innovative securities backed by digital assets, including BTCetc – ETC Group Physical Bitcoin (BTCE) and ETHetc – ETC Group Physical Ethereum (ZETH), listed on European exchanges XETRA, Euronext, SIX, AQUIS UK, Wiener Börse etc. In addition, ETC Group launched the world’s first exchange-traded product (ETP) with centralized clearing in June 2020 on Deutsche Börse XETRA, the largest ETF trading platform in Europe.

ETC Group is constantly working on expanding its set of institutional-grade cryptocurrency-backed ETPs, allowing investors to access Bitcoin, Ethereum, Cardano, Solana, and other popular digital assets on major European stock exchanges. ETC Group securities are sold to professional investors by HANetf.

About HANetf

HANetf company is an independent provider of UCITS ETFs. It works with asset management companies and offers differentiated, modern, innovative opportunities to European ETF investors. HANetf provides a comprehensive operational, regulatory, distribution and marketing solution for asset managers to launch and manage UCITS ETFs through the ETF platform.       

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