BetaShares launches Metaverse ETF on the ASX

BetaShares Metaverse ETF (ASX: MTAV) is now available – the first Australian ETF providing dedicated exposure to a portfolio of leading global companies that are building, developing and operating the Metaverse.

The market opportunity for ‘bringing the Metaverse to life’ has been estimated at nearly $800 billion in annual revenue by 2024.

Some leading brands are already taking advantage of the technology to engage deeper with their audiences – a recent example being the partnership between the International Space Station and Meta Quest to bring a spacewalk to viewers via the Metaverse, or leading musicians performing in the Metaverse for their fans.

MTAV aims to track the Bloomberg Metaverse Select Index and currently offers exposure to a portfolio of 32 leading companies that generate a meaningful amount of their revenues from activities related to the Metaverse, including Roblox, NVIDIA and Meta Platforms.

MTAV provides exposure to both large, profitable technology and entertainment companies, as well as more specialised companies with a focus on the core technologies that will enable the Metaverse. 

The Metaverse economy sits at the intersection of virtual and augmented reality, gaming, artificial intelligence, advertising, as well as digital currencies and tokens.

Over time, this powerful frontier is predicted to facilitate the digitisation and virtualisation of communities, experiences, and commerce. In order to stay connected with their customers, brands will have to increasingly invest considerable resources towards their Metaverse strategy.

1. Source: Bloomberg Intelligence, 1 December 2021. Actual outcomes may differ materially from estimates

Published on August 8, 2022

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