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Matthias Knab, Opalesque:

ETC Group and HANetf announced, through their partnership, the launch of the ETC Group Global Metaverse UCITS ETF (ticker: METR). The new Metaverse ETF went live on the London Stock Exchange on the 17th March 2022 and is passported for sale across Europe, making it Europe's first metaverse ETF.

METR provides European investors access to this wide-scale and long-term investment opportunity megatrend. The ETF will track the Solactive ETC Group Global Metaverse Index. Solactive is a cutting-edge index provider that uses leading alternative data and methods such as Artificial Intelligence and state-of-the-art calculation engines to develop custom indexes.

While still in its infancy, the Metaverse has already attracted billions of dollars of investment, with the potential of $8.3 trillion total consumer expenditure in the US alone and a potential market size of $12 trillion globally - according to banks, Morgan Stanley1 and Goldman Sachs2. METR will provide pure-play exposure to the Metaverse industry, composed of companies active in VR/AR, 3D graphics, semiconductors, high-speed wireless communications, online gaming, video streaming, blockchain technologies including NFTs and digital land, and connected cloud, file, and data storage.

This is the second thematic UCITS ETF from the ETC Group in collaboration with HANetf, following the ETC Group Digital Assets & Blockchain Equity UCITS ETF (ticker: KOIN). This ETF provides pure-play exposure to digital assets and blockchain ecosystem companies such as cryptocurrency miners and cryptocurrency trading and exchanges. ETC Group and HANetf have also previously worked together to launch 100% physically backed cryptocurrency exchange-traded products (ETCs) to Europe's major exchanges.