Roundhill Investments, an ETF sponsor focused on offering innovative thematic funds, is pleased to announce that META — the Roundhill Ball Metaverse ETF — surpassed $500 million in assets under management this week. META crossed this milestone just two weeks after reaching $250 million. On Monday, Roundhill and Ball Metaverse Research Partners rang the closing bell at the New York Stock Exchange commemorating META’s successful launch.
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Interest in the metaverse has surged in recent months. In 2021, there have been 160 SEC filings mentioning “metaverse” compared to just seven in 2020 and one in 2018. Additionally, from October 29 through November 5, there were 13,738 stories on Bloomberg Terminal referencing the metaverse. In the last few weeks, companies as diverse as Nvidia and Disney have begun to articulate their Metaverse strategies to investors and partners. Most famously, Facebook changed its name to Meta as they transition from a social media company to that of a metaverse company.
“Attention and investment in the Metaverse reflects the growing belief that it represents a transformation as significant as, if not larger than, that of the advent and proliferation of mobile internet and computing. The Metaverse is not yet here, but it has started to emerge and we believe trillions of dollars of value will change hands and be created globally.” – said Matthew Ball, Founder of Ball Metaverse Research Partners.
The Roundhill Ball Metaverse ETF (“META 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 (“BALL META Index”). The Index is managed by Ball Metaverse Research Partners, an indexing and research firm led by Matthew Ball, a pioneering investor, advisor and researcher of the metaverse. The “Metaverse” is defined as a successor to the current internet that will be interoperable, persistent, synchronous, open to unlimited participants with a fully functioning economy, and an experience that spans the virtual and ‘real’ world.
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Top holdings of META ETF include (as of November 16, 2021): Nvidia (9.7% weight), Roblox (9.0% weight), Microsoft (6.9% weight), Unity Software (6.1% weight), and Meta Platforms Inc. (5.8% weight).
Ball Metaverse Research Partners’ Expert Council is comprised of executives from Nvidia, Amazon’s AWS and Prime Video, Match Group, Valve, Square Enix, The New York Times, Take-Two’s Grand Theft Auto, Spotify, and Andreessen Horowitz, and more.