The issuer of the world’s first metaverse ETF, Roundhill, is set to enter the European market with an equivalent UCITS product.
The Roundhill Ball Metaverse UCITS ETF (METV) is expected to list on the Deutsche Boerse later this month with a total expense ratio (TER) of 0.59%.
Roundhill is also considering a listing on the London Stock Exchange in due course.
Like the US-listed $710m Roundhill Ball Metaverse ETF (METV), the European METV will physically replicate the Ball Metaverse index of 44 companies involved in computing, digital networks and data, immersive digital platforms, providers of standards of interoperability, payment processing, digital currencies and physical tech hardware and wearables.
Previously, Morgan Stanley and Goldman Sachs estimated the metaverse economy could be worth as much as $8trn in the coming years.
Commenting on the launch, Matthew Ball, founder of Ball Metaverse Research Partners, said: “We consider the emergence of the metaverse to be as transformative and valuable as the emergence of mobile internet and the fixed-line internet that preceded it.
“It likely will touch every industry and profession, enlarging and disrupting today’s leaders, and leading to countless new companies and technologies.”
Tim Maloney, CIO of Roundhill Investments, added: “We believe that all investors should have the ability to invest in our themes, not just US investors. This launch will be an important step towards achieving that goal.
“We are excited to debut our first fund in Europe and look forward to offering additional products in the future.”
The anticipated launch of METV will be in close quarters with a rival strategy from ETC Group in partnership with HANetf. Both aim to list before the end of the month – the earlier of the two will be the first metaverse ETF available to European investors.