Metaverse ETP is approved in Europe to track Metaverse conceptual assets such as MANA and AXS

DeFi Technologies, a Canadian-based blockchain company, is committed to building a bridge between traditional capital markets and decentralized finance (DeFi). The company officially announced on the 13th that its wholly-owned subsidiary Valor Inc. (Valour) has obtained approval from the Swedish Financial Supervisory Authority (SFSA) to launch Metaverse and Gaming Index ETPs, which will be available throughout the entire Layout in the EU market.

Officially, the Metaverse and Gaming Index ETP will enable traditional financial investors to participate in the growing Metaverse and Gaming Web3.0 agreements through regulated exchange-traded products (ETP), and will allow investors to pass a single transaction Invest in a number of investment channels for popular meta-universe-related projects.

This file ETP will contain an index that tracks the top five digital assets of the meta universe concept, such as the virtual reality platform game Decentraland (MANA), and P2E (P2E) games, such as Axie Infinity (AXS).

Russell Starr, CEO of DeFi Technologies, said: The encrypted meta-universe consists of an immersive virtual world with huge social and financial potential. This is another example of our commitment to provide innovative solutions to give all investors the opportunity to enter the digital economy.

The Swiss-based Valor was acquired by DeFi Technologies in April of this year. As of November, the asset under management (AUM) of its ETP business has increased to 374 million US dollars. In addition to the new Metaverse and Game Index ETP, the company also provides safe-haven investment products based on Bitcoin and Ethereum, as well as focusing on UNI (Uniswap), Cardano (ADA), Polkadot (DOT) and Solana (SOL) ETP.

Diana Biggs, the chief executive officer of Valo and the chief strategy officer of DeFi Technologies, pointed out that Metaverse is bringing more and more future iterations of participation, collaboration and influence. Although it may take several years to reach full maturity, infrastructure construction has already begun.

Current status of Metaverse Concept ETFs

According to a report from "Blockworks", Evolve ETFs and Horizons ETFs launched the first batch of Metaverse ETF products in Canada in November. In Asia, South Korea has launched multiple meta-universal concept 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 asset management scale of "META" with an expense ratio of 0.75% has exceeded US$864 million. The top five holdings of "META" are NVIDIA Corporation, Roblox, Microsoft, Meta Platforms and Unity Software.

Neena Mishra, head of ETF research at Zacks Investment Research, said in an interview that it will take years or even decades for us to fully form the meta universe. ETFs provide a safer way to diversify investments in the space that will continue to develop in the next few years.

"ETF promoters are always able to quickly take advantage of hot trends. I expect more Metaverse-themed ETFs will be launched in the United States and around the world in the next few months. I think investors will be more interested in Metaverse ETFs than crypto There is greater interest in currency-related ETF products, especially when the U.S. has not yet approved spot cryptocurrency ETFs."