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ProShares Files for New Metaverse ETF With U.S. SEC

The metaverse is probably going going to see an exchange-traded fund from ProShares, in accordance with a Tuesday submitting with the U.S. Securities and Exchange Commission (SEC), Bloomberg reported.

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The ProShares Metaverse Theme ETF will likely be monitoring the efficiency of the Solactive Metaverse Theme Index after approval from the U.S. SEC.

The proposed ETF embody Apple Inc, Meta Platforms Inc, and Nvidia Corp. weighting nearly all of the index proportion because it focuses on corporations that present or use applied sciences that provide services across the metaverse. 

As of Dec 28 international metaverse ETF property have surged to $2.2 billion and ProShares is amongst different corporations which can be in search of to capitalize on the rising metaverse development, Bloomberg reported.

“I don’t know if the metaverse theme has legs, but investors believe in it. Given the success of the ETF META, we are likely to see more products come to market that offer a unique twist on this long-term theme,” stated Todd Rosenbluth, director of mutual fund and ETF analysis at CFRA.

According to a Bloomberg report, since its June 30 launch, the Roundhill Ball Metaverse (ticker META) has swelled to $916 million property below administration and in November, Canada noticed two metaverse ETFs launched in someday.

ProShares turned the primary agency to win approval from the U.S. SEC to launch a Bitcoin futures ETF in October and the fund debuted because the second-most closely traded ETF on report.

Image supply: Shutterstock

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