By Julianna
Roundhill Investment, an ETF sponsor focused on offering innovative thematic funds, announced on Monday that META— the $ROUNDHILL BALL METAVERSE ETF(META.US)$— surpassed $250 million in assets under management (AUM) last week.
META incepted on Jun 30, 2021, and it crossed $50 million AUM in 6 weeks, $100 million AUM in 9 weeks, and this latest milestone in 18 weeks. As of Nov.10, the AUM of META has increased to $314 million.
According to META investment strategy, the ETF is designed to offer investors exposure to the Metaverse by providing investment results that closely correspond, before fees and expenses, to the performance of the Ball Metaverse Index ("META Index"). The Ball Metaverse Index is the first index globally designed to track the performance of the Metaverse.
To learn more about the Ball Metaverse Index:ballmetaverse.co
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META has been very strong recently, rising for six consecutive weeks.
"We see some of the world's most powerful and capable companies focusing on the Metaverse, And rightfully so in our opinion -- it is coming and will transform our global economy and human society at large.
I'm Glad so many investors see this potential and have chosen the META ETF for exposure to what we -- and many others -- believe is a multi-trillion dollar opportunity."
- said Matthew Ball, Founder of Ball Metaverse Research Partners.
Based on the idea above, META covers most companies related to the concept "Metaverse." Top holdings includes $NVIDIA(NVDA.US)$, $Roblox(RBLX.US)$, and $Microsoft(MSFT.US)$.
Top 15 holdings:
Metaverse sector's opportunity:
ARK Research estimates revenue from virtual worlds could approach $400 billion by 2025.
Bloomberg Intelligence believes the market opportunity for the Metaverse can reach $800 billion by 2024.
How do you think of Metaverse? Will you invest in the META and related stocks?
Source: PRNewswire, Roundhill Investment