Who are the top Metaverse companies? This Stock Exchange Index lists 30 of them: So ETFs (Exchange Traded Funds) are like Mutual Funds* except you can trade them – you gamble on a LIST or Index of companies; in this case 32 Metaverse companies, all neatly grouped together see MTAV. Betashares is offering the Bloomberg Metaverse ETF in Australia.
Hello. Welcome to Metaverse News with Laurel Papworth. And today, I want to talk about Betashares have launched Australia’s first Metaverse ETF on the ASX. What is this, you ask? Well, if you aren’t familiar with the stock exchange, the Australian stock exchange ASX hello and welcome to our planet Grogu. The ASX is basically a game, a gambling game, where you gamble on different things. One of the things you can gamble on is an index of curated lists of companies in specific verticals. I don’t know, mining companies or energy companies and bananas, I think.
And Bloomberg has put together a list of companies, an index of Metaverse companies, around 30 of them. And you can trade ETF, which is bets on the index. It’s like a mutual fund, except you can’t trade mutual funds. ETFs, you can trade. And it’s all Metaverse companies.
It’s the first ETF of its kind in Australia, and it provides investors with access to a portfolio of companies to do with the Metaverse. I wanted to bring this to your attention because it’s the first time in Australia that this has happened. Bloomberg has had their index for a while, but this kind of ETF launching on the ASX is new for Australia. Please let me know if you’re thinking of gambling on the ASX with the Australian ETFs. I don’t want to go into any more detail than that as it would mean a lot more research on the impact that this is going to have on the Metaverse, specifically Australian companies and global Metaverse companies, which we don’t have time for today.
I’m making excuses here, but I have put a whole bunch of links on my website under Resources, Metaversementor.com.au. So you can go there, look up this news clipping up, and then start gambling on the ASX to your little heart’s content. And the best of luck to you, too.
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Links and Resources