March 2022, London - ETC Group and HANetf are delighted to announce, through their partnership, Europe's first Metaverse ETF. The new Metaverse ETF will list on the London Stock Exchange during March 2022 and will be passported for sale across Europe.
This market first UCITS Metaverse ETF provides European investors access to this wide-scale and long-term investment opportunity megatrend. The ETF will track the Solactive ETC Group Global Metaverse Index. Solactive is a cutting-edge index provider that uses leading alternative data and methods such as Artificial Intelligence and state-of-the-art calculation engines to develop custom indexes.
While still in its infancy, the Metaverse has already attracted billions of dollars of investment, with the potential of $8.3 trillion total consumer expenditure in the US alone and a potential market size of $12 trillion globally - according to banks, Morgan Stanley and Goldman Sachs . The Metaverse ETF will provide pure-play exposure to the Metaverse industry, composed of companies active in VR/AR, 3D graphics, semiconductors, high-speed wireless communications, online gaming, video streaming, blockchain technologies including NFTs and digital land, and connected cloud, file, and data storage.
This is the second thematic UCITS ETF from the ETC Group in collaboration with HANetf, following the ETC Group Digital Assets & Blockchain Equity UCITS ETF (ticker: KOIN). This ETF provides pure-play exposure to digital assets and blockchain ecosystem companies such as cryptocurrency miners and cryptocurrency trading and exchanges. ETC Group and HANetf have also previously worked together to launch 100%% physically backed cryptocurrency exchange-traded products (ETCs) to Europe’s major exchanges.
Bradley Duke, Founder and Co-CEO of ETC Group said:
The Metaverse has been hard for investors to avoid. It has gone from an obscure, theoretical idea to being variously described as everything from the evolution of virtual reality to the next iteration of the internet. Our ETF will allow investors to gain exposure to this exciting investment opportunity.
Hector McNeil, co-CEO and co-Founder of HANetf commented:
We are proud to have worked with ETC Group to provide another European market first, this time in the form of a Metaverse ETF. As Europe’s most extensive thematic ETF issuer, this is an exciting fund to add to our roster. Our partnership with ETC Group has had a great track record so far, with the launch of the Digital Assets & Blockchain Equity UCITS ETF and some of Europe’s most liquid and most successful crypto physically backed ETCs.
Timo Pfeiffer, Chief Markets Officer at Solactive, stated:
Progressing technology and rising computation power are reshaping our daily lives. We are starting to see unimaginable worlds in virtual spaces, and the Metaverse is the next stage of this landscape. With our spirit of innovation, we aim at delivering the latest trends in investing to our clients and we are happy that ETC Group and HANetf share this mindset with us and launched such a cutting-edge product.
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Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors mentioned therein. The invested capital is at risk, and losses up to the amount invested are possible. The product is subject to inherent counterparty risk with respect to the issuer of the ETPs and may incur losses up to a total loss if the issuer fails to fulfill its contractual obligations. The legal structure of ETPs is equivalent to that of a debt security. ETPs are treated like other securities.
