BetaShares launches Metaverse ETF on the ASX
The Metaverse is expanding more by the day. In Australia the fund manager BetaShares started to offer a Metaverse ETF. This provides investors the opportunity to invest in Metaverse relevant companies.
The BetaShares Metaverse ETF (ASX: MTAV) is now available, making it the first Australian ETF to provide committed exposure to a portfolio of leading global companies building, developing, and operating the Metaverse. By 20241, the market opportunity for ‘bringing the Metaverse to life’ is expected to be worth nearly $800 billion in annual revenue.
First Australian ETF to provide exposure to Metaverse
Some leading brands are already leveraging technology to connect with their customers more deeply – a recent example being a collaboration 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 seeks to track the Bloomberg Metaverse Select Index and currently provides exposure to a portfolio of 32 leading companies that create a significant portion of their revenue from Metaverse-related activities, such as Roblox, NVIDIA, and Meta Platforms.
The Metaverse economy combines virtual and augmented reality
BetaShares gives investors access to both large, profitable technology and entertainment companies, as well as more specialized companies focused on the core technologies that will power the Metaverse. The Metaverse economy combines virtual and augmented reality, gaming, artificial intelligence, advertising, and digital currencies and tokens. This powerful frontier is expected to accelerate the digitisation and virtualisation of communities, experiences, and commerce over time. Brands will need to invest significant resources in their Metaverse strategy in order to stay connected with their customers.
Metaverse will become a multibillion-dollar industry
The global Metaverse market is expected to be worth around $40 billion in 2021. However, according to recent reports, the global Metaverse market is expected to be worth approximately $1,607.12 billion by 2030, expanding at a CAGR of 50.74 percent from 2022 to 2030. Many businesses have been focusing their efforts on the Metaverse. Researchers believe that the Metaverse will become a multibillion-dollar industry if their conviction remains strong.
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