Roundhill Investments to Launch Metaverse ETF in Germany

Rhea-AI Summary

Roundhill Investments plans to launch a Metaverse ETF in Germany by the end of March 2022, marking its first fund in the European market. The ETF, which will track the Ball Metaverse Index, aims to provide investors with exposure to the burgeoning Metaverse economy, projected to be worth $8 trillion. The previous Roundhill Ball Metaverse ETF, listed on NYSE Arca as METV, had raised $885 million in assets in the U.S. in 2021. Matthew Ball leads the index management, highlighting the transformative potential of the Metaverse akin to the mobile internet.

Positive

• Launch of the Metaverse ETF in Germany, expanding market reach.
• The Metaverse economy is projected to be worth $8 trillion, indicating significant growth potential.
• Previous METV ETF amassed $885 million in assets, showcasing strong investor interest.

Negative

• Past performance of the METV ETF does not guarantee future results.
• No specific performance metrics provided for the new ETF launch.

FRANKFURT, Germany, March 11, 2022 /PRNewswire/ -- Roundhill Investments, an ETF sponsor focused on innovative thematic funds, is planning to launch a Metaverse ETF in Germany later this month in partnership with Ball Metaverse Research Partners. The Fund will be Roundhill's first launch in the European market.

The Metaverse is broadly understood as a successor-state to today's mobile Internet, but which will involve countless interoperable and persistent virtual worlds, be richly integrated into the physical world as well, thereby creating a new medium and economy for work, leisure, and innovation. Morgan Stanley and Goldman Sachs have estimated that the Metaverse economy will be worth roughly $8 trillion. Jensen Huang, founder and CEO of Nvidia, has said he believes the Metaverse economy will eventually exceed that of the physical world.

The Fund will aim to offer investors exposure to the Metaverse* by tracking, before fees and expenses, the performance of the Ball Metaverse Index (BALLMETA Index). According to TD Ameritrade (2/15/2022), the Roundhill Ball Metaverse ETF (NYSE Arca: METV), which also tracks the BALLMETA Index, was the largest sector ETF launched in the U.S. in 2021, amassing $885 million in assets.

The Index is managed by Ball Metaverse Research Partners, an indexing and research firm led by Matthew Ball, a seasoned investor, advisor, and researcher of the Metaverse.

"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/or disrupting today's leaders, and leading to countless new companies and technologies" said Matthew Ball.

"We believe that all investors should have the ability to invest in our themes, not just U.S. investors. This launch will be an important step towards achieving that goal," said Roundhill CIO Tim Maloney. "We're excited to debut our first fund in Europe and look forward to offering additional products in the future."

*There is no guarantee that the investment objective will be reached. Past performance does not predict future returns.

About Roundhill Investments:

Roundhill Investments is a U.S.-based investment adviser focused on developing innovative exchange-traded products. The firm's product lineup currently accounts for more than $1 billion in assets under management. To learn more about the company, please visit roundhillinvestments.com.

About Ball Metaverse Research Partners:

Ball Metaverse Research is a financial and market research collective focused on the ongoing transition of global telecommunications, commerce and social engagement to the successor platform of the current Internet, known popularly as the 'Metaverse.' In addition to managing the Metaverse Index, Ball Metaverse Research publishes essays and studies on the future of the Internet, entertainment, gaming and social media, as well as convenes and participates in industry settings to promote standards and dialogue between important media and technology entrepreneurs, inventors, activists and enterprises.

View original content:https://www.prnewswire.com/news-releases/roundhill-investments-to-launch-metaverse-etf-in-germany-301500634.html

SOURCE Roundhill Investments

FAQ

What is the METV stock symbol?

METV is the stock symbol for the Roundhill Ball Metaverse ETF.

When is the Metaverse ETF launching in Germany?

The Metaverse ETF is set to launch by the end of March 2022.

What is the Ball Metaverse Index?

The Ball Metaverse Index tracks the performance of companies involved in the Metaverse economy.

How much did the previous METV ETF raise?

The previous METV ETF raised $885 million in assets.

What is the estimated value of the Metaverse economy?

The Metaverse economy is estimated to be worth approximately $8 trillion.