The London Stock Exchange today welcomes ETC Group Global Metaverse UCITS ETF (METR), a new thematic ETF that aims to provide investors with exposure to the growth in the Metaverse. ETC Group Global Metaverse UCITS ETF was created in partnership between ETC Group and HANetf. ETC Group is one of the leading cryptocurrency ETP providers in Europe. HANetf is a full service white label ETF platform and a leading issuer of thematic ETFs.

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. METR 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.