First Metaverse ETF Application Filed by ProShares

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ProShares is getting ready to launch its first metaverse exchange-traded fund

The quickly developing metaverse trend has already become a separate part of the digital assets industry, especially after Facebook Inc rebranded to Meta. The Metaverse industry has spiked to $2.2 billion in less than a few months. The majority of exchange-traded products tied to the Metaverse concept were launched in the year's last quarter only.

One of the first products on the market related to tracking the Metaverse industry, The Roundhill Ball Metaverse, has $916 million AUM since its launch on June 30. Canada was one of the first countries to officially approve the first two Metaverse products.

Source: News Formal (newsformal.com)

 

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