ProShares Files for Metaverse ETF: Apple, Meta & Nvidia Among Top Holdings
ProShares, the first firm in the U.S. to launch a Bitcoin ETF, is diving into the metaverse! The issuer, which has over $65 billion in assets, has filed for a metaverse-focused ETF tracking the Solactive Metaverse Theme Index.
The timing of the filing could suggest ProShares’ enthusiasm in the growing metaverse market. ProShares, the company behind the first U.S. Bitcoin ETF, now plans to release an ETF focused on tracking metaverse stocks. If approved, ProShares Metaverse Theme ETF, according to Wednesday's filing, will track the Solactive Metaverse Theme Index (SOMETAV).
What Companies Will the ProShares Metaverse ETF Hold? Currently, the index included giants like Apple Inc, Meta Platforms Inc, and Nvidia Corp, per reports. The ProShares metaverse ETF will track the Solactive Metaverse Theme Index (SOMETAV) and hold Apple, Meta, Unity and Nvidia as its heaviest weightings.
The Solactive Metaverse Theme Index (SOMETAV): Subject to SEC approval, the proposed ETF tracks the performance of the Solactive Metaverse Theme Index (SOMETAV), made up of companies providing or using technology related to the metaverse. Sujeto a la aprobación de la SEC, el ETF propuesto seguirá el rendimiento del Solactive Metaverse Theme Index (SOMETAV), compuesto por empresas que.
That particular index tracks a wide range of companies operating in or benefiting from the metaverse ecosystem.