Fidelity Investments has filed an application for a metaverse exchange-traded fund (ETF), aiming to track public companies with exposure to the blockchain-based network of three-dimensional, virtual realities.
- The Fidelity Metaverse ETF will track the Fidelity Metaverse Index, which tracks “the performance of a global universe of companies that develop, manufacture, distribute or sell products or services related to establishing and enabling the metaverse,” according to the filing.
- Fidelity’s application is the latest among companies looking to address skyrocketing interest in the metaverse. In December, ProShares filed a metaverse ETF application with the U.S. Securities and Exchange Commission.
- Geode Capital Management will be a sub-adviser for the Fidelity fund.
- On Thursday, the SEC refused to approve a Fidelity spot bitcoin ETF adding to the recent list of rejected applications.
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