.Fidelity is launching two ETFs that will give investors exposure to the metaverse and digital payments world, mikeybellusci reports.
, said it plans to offer two exchange-traded funds for investors to gain exposure to the broader crypto, blockchain and digital payment ecosystems.
The Fidelity Metaverse ETF will normally invest at least 80% of assets in securities included in the Fidelity Metaverse Index, along with depositary receipts representing securities included in the index, the firmTuesday. The Fidelity Crypto Industry and Digital Payments ETF will have a similar exposure to companies related to crypto, blockchain technology and digital payments processing.
“We continue to see demand, particularly from young investors, for access to the rapidly growing industries in the digital ecosystem, and these two thematic ETFs offer investors exposure in a familiar investment vehicle,” Greg Friedman, Fidelity’s head of ETF management and strategy, said in the statement.
Trading in the funds is likely to start around April 21, Fidelity said. Both will be passively managed.
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