The Roundhill Ball Metaverse ETF (META) has more than quadrupled in size in the last three weeks after attracting more than $500 million in inflows. The inflows and the demand for the ETF lifted META's total assets under management from $163 million on October 31st, to $731 million on November 22nd. Investors flocked to ride the metaverse hype after Facebook announced its transition from a social media company to a metaverse company and renaming its company to Meta to reflect the change.
META ETF was launched on June 30th, 2021 and tracks the Ball Metaverse Index. The fund invests in global public companies that are actively involved in the Metaverse, including companies developing the infrastructure, providing gaming engines and revolutionizing digital commerce, content and social experience. Read more about the Metaverse and Metaverse ETFs.
The fund trades on the New York Stock Exchange and charges 0.75% in annual fees. Since inception, META has risen by 8.2%
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