Australia Launches 1st Metaverse ETF Offering Exposure To Meta, Other Cos.

Lavina Daryanani
Source: Verdict

Australian fund manager BetaShares has launched the BetaShares Metaverse ETF on the Australian Securities Exchange. The ETF is all set to trade under the MTAV ticker.

Right from Meta to NVIDIA, the fund provides investors exposure to a host of leading global companies that have their feet immersed in building, developing, and operating the Metaverse. A recent Financial Standard report noted,

“It aims to track the Bloomberg Metaverse Select Index and currently offers exposure to a portfolio of 32 companies that generate a portion of their revenues from activities related to the Metaverse, including Roblox, NVIDIA and Meta Platforms.”

Per the company’s official statement, MTAV is the first ETF of its kind in Australia. It provides investors a “convenient and cost-effective way” to access a portfolio of global names that power the budding Metaverse sector.

Also Read: Opinion: Is Meta’s Metaverse monopolization goal concerning?

Notably, the ETF also offers exposure to large, profitable technology and entertainment companies, alongside specialized companies focusing on the core technologies that will enable the Metaverse.

People from the crypto space, including stalwarts like Ethereum’s founder Vitalik Buterin have expressed their conviction concerning the Metaverse. As reported recently, the Ethereum exec exclaimed that the metaverse “will happen.” However, he did express concerns regarding corporate efforts.

Read More: Ethereum’s Vitalik believes in Metaverse, Just not the Corporate kind

Is the Metaverse metamorphosing into a Megatrend?

Per BetaShares CEO Alex Vynokur, the newly launched fund will provide exposure to “megatrends.” Elaborating on the same and he said,

“While still in the early stages of evolution, the Metaverse has the potential to be one of the biggest secular growth trends of the coming decades.This innovative new fund will form part of our leading suite of thematic funds that offer investors exposure to the megatrends that are changing the world around us.”

Many companies have been directing their efforts in the Metaverse’s direction. And with the conviction remaining high, researchers believe that the Metaverse is set to become a multi-billion dollar industry.

In 2021, the global Metaverse market was worth around $40 billion. However, as reported recently, the global Metaverse market is all set to be worth around $1,607.12 billion by 2030, expanding growth at a CAGR of 50.74% from 2022 to 2030.

Are we witnessing a revolution?

Commenting on the technology evolution, BetaShares’ Vynokur said,

“As the range of technologies underpinning the Metaverse evolves and user growth continues, this secular trend is expected to revolutionise the way we engage with sport, live music and other ways of staying connected.”

The macro instability has dented almost every sub-sector related to crypto, blockchain tech, and Web 3. However, this space has been able to shield itself. A recent DappRadar report revealed that Metaverse projects, along with blockchain gaming, showed either minimal drawbacks or positive signs of growth around the Terra catastrophe period.

Read More: Has Terra Debacle Changed NFT, DeFi, and Crypto Adoption?

The same brings to light that the space is heading in the right direction, and users will get to cherish the fruit soon. And with the launch of BetaShares’ fund, investors now have another way to bet on the future of this technology.