Head Topics

A new ETF wants to invest in everything related to the metaverse — except Mark Zuckerberg's Meta

  • 📰 BISouthAfrica
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

The fund, called the Subversive Metaverse ETF, will track companies involved in creating futuristic virtual landscapes such as Roblox and Microsoft.

, driven by retail and institutional investors, and focused Wall Street's attention on the potential of the emerging industry.

Global metaverse-related ETFs have grown to over $2 billion since Meta's rebrand, with most products launching only in recent months, according to Bloomberg. Currently leading is the Roundhill Ball Metaverse ETF, which manages about $822 million in assets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PETER BRUCE: If the guys at the wheel don’t understand their jobs, expect a crashThe government is doing everything to ensure businesses don't invest in SA It really must be tough for bruce, Problem is the guys at the wheel are drunk, drunk with power. So a crash is inevitable, and it's coming soon. He CyrilRamaphosa failed to mention the job losses resulting from the July 2021 attempted coup/ insurrection
Source: BDliveSA - 🏆 12. / 63 Read more »

MIC MANN: Virtual land, the new gold rushSpace in the metaverse is proving to be of great value, but also volatile
Source: BDliveSA - 🏆 12. / 63 Read more »

Metaverse real estate isn't really land — it's a 'risky' crypto asset nothing like the physical thingPeople are pouring hundreds of millions of dollars into metaverse land, but experts told Insider it's not the same thing as real-world real estate.
Source: BISouthAfrica - 🏆 34. / 51 Read more »

Microsoft’s $68bn bet on the metaverseThe software maker joins the gaming giants in its quest not to be left behind by computing’s next big thing, writes shapshak.
Source: FinancialMail - 🏆 20. / 63 Read more »

A month on, engineers still haven’t been appointed to assess parly blaze damageCommittee also wants public works and infrastructure to answer complaints about failure to maintain public buildings Off course they have not been appointed... First haggling about the bribes / kickbacks./ gratitude money ... lots of palms to grease and hungry (for money) mouths to feed!!! GUILTY : Patricia de Lille !!!
Source: TimesLIVE - 🏆 28. / 59 Read more »

Real Housewives of Durban: New name, new body and a new friend for AnnThe first episode of season two of Real Housewives of Durban is currently available to stream on Showmax.
Source: TheCitizen_News - 🏆 6. / 75 Read more »