Metaverse ETP has been approved in Europe to track Metaverse strategy assets such as MANA and AXS.

DeFi Technologies, a blockchain company based in Canada, is committed to building a bridge between enterprise capital and financial services (DeFi). The company announced that its wholly owned subsidiary, Valor Inc. (Valor), approved by the Swedish Financial Supervisory Authority (SFSA) for the publication of Metaverse ETPs and Game Indexes, and can be used in all configurations in the EU. Marlet.

By law, Metaverse and Game Index ETP will allow existing financial investors to join multiple Metaverse and Game Web3.0 contracts through managed ETP (Exchange) products), allowing traders to go beyond a marketplace. A channel of popular metasites related to projects that invest in a variety of investments.

This ETP file contains an index that tracks 5 digital assets of meta-universe content such as virtual reality platform game Decentraland (MANA) and Play and Earn (P2E) games such as Axie Infinity (AXS). .

DeFi Technologies CEO Russell Starr said: “This is another example of our commitment to delivering innovative solutions to empower every entrepreneur to enter the digital sector.

Swiss company Valor was acquired by DeFi Technologies in April this year, and in November ETP Business Equipment Management (AUM) reached $ 374 million. In addition to the new global ETP meta and game index, we also offer security products based on Bitcoin and Ethereum, with a focus on UNI (Uniswap), Cardano (ADA), PolkaDOT (DOT) and Solana (SOL). ) AND P.

Diana Biggs, CEO of Valo and also COO of DeFi Technologies, said: “It may take years to achieve growth, but construction is already underway.

Metauniverse ETF status

According to a report by "Blockworks", Evolve ETF and Horizon ETF launched their first Metaverse ETF product in Canada in November. In Asia, Korea has announced several strategic meta-universal ETFs.

The first metaverse ETF in the United States was the Roundhill Ball Metaverse ETF (META), launched by Roundhill Investments at the end of June. According to official data, the current management assets of 'META', with an operating cost of 0.75%, exceeded $ 864 million. The top 5 holders of "META" are NVIDIA Corporation, Roblox, Microsoft, Meta Platforms and Unity Software.

Neena Mishra, ETF Research Director at Zacks Investment Research, said in an interview that it would take us years or years to complete the Global Meta. ETFs offer a safe way to allocate your capital in an area that will continue over the next several years.

“ETF sponsors may soon improve the gold standard. We expect more Metaverse-themed ETFs to be launched in the US and globally in the coming months. Investors “Traders will prefer Metaverse ETFs more than cryptocurrencies. Linked ETFs are growing. , especially with the United States which has yet to approve a cryptocurrency ETF. "