After launching a Bitcoin exchange-traded fund in Canada, Fidelity has now shifted its focus towards Metaverse-based ETFs in the USA.
The large asset manager – Fidelity Investments – filed with the US Securities and Exchange Commission to establish a pair of exchange-traded funds . The financial products will track firms involved in the Metaverse industry.The American financial services corporation – Fidelity Investments – has already sought the SEC’s approval to launch a Bitcoin ETF in the USA.
a spot Bitcoin ETF there. The product, called Fidelity Advantage Bitcoin ETF , obtains physical bitcoins directly.with the SEC, the organization wants to try its luck again with exchange-traded funds in the USA. Those will track “the performance of global universe companies that develop, manufacture, distribute, or sell products or services related to establishing and enabling the Metaverse.”
The latter consists of notable companies such as the tech giant – Apple, the GPUs manufacturer – Nvidia, and the leading social platform – Meta .
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