The vision for the metaverse was presented by Mark Zuckerberg at the Facebook's Oculus Connect conference.
Facebook/Handout via REUTERS
Since Facebook changed its name to Meta Platforms, the assets under management of the Roundhill Ball Metaverse ETF have increased by 548%.
The move shows investor interest in virtual worlds.
The top 10 holdings of the Metaverse fund are listed here.
A surge in interest in the metaverse has led to an explosion in asset outflows for an exchange traded fund.
On June 30 the Roundhill Ball Metaverse was launched with just a few million dollars in assets. The ticker symbol for the exchange traded fund is "metA." The fund seeks to gain exposure to companies that are enabling a future where people spend more and more time in virtual worlds.
The ticker symbol helped boost the assets under management of the exchange traded fund, just a day after Facebook changed its name to Meta.
The fund's assets have grown by 548% since then. Roundhill's business is big for the fund's creator. The fund will generate more than $6 million in annual revenues if the fund maintains assets of at least $823 million.
Since October 28, the Metaverse ETF has risen about 5%, but most of the increase in assets is not due to the appreciation of its underlying holdings, but due to investors who are bullish on the sector and putting new money to work. From October 28 to November 24, the Metaverse ETFs didn't see a single day of declining assets.
The top 10 stocks of the MetaverseETF are growing in popularity.
10. It's Autodesk.
The item is called ADSK.
The market capitalization was $55.9 billion.
There is a method for this.
It's Autodesk.
There is a method for this.
9. The company is called Tencent.
TCEHY is the name of the ticker.
The market capitalization is over half a billion dollars.
There is a method for this.
Barcroft Media via Costfoto.
There is a method for this.
8. It's a company called Qualcomm.
QCOM is listed.
The market capitalization is $202 billion.
There is a method for this.
It's a company called Qualcomm.
There is a method for this.
7. Apple.
The stock is AAPL.
Market capitalization is over $2 trillion.
There is a method for this.
There is an Apple store.
Spencer Platt is a photographer.
There is a method for this.
6. Amazon.
AMZN is on the list.
Market capitalization is over $1 trillion.
The store is owned by Amazon.
AP/Ted S. Warren
5. The software is called Unity.
U is listed.
The market capitalization is $49.3 billion.
There is a method for this.
John Riccitiello is the CEO of Unity Technologies.
Steve Jennings is a photographer.
There is a method for this.
4. There are Meta Platforms.
It's called the Facebook ticker.
The market capitalization is $902.50 billion.
There is a method for this.
A sign on Facebook.
The images are by Justin Sullivan.
There is a method for this.
3. Microsoft.
MSFT is listed.
The market capitalization is $2.5 trillion.
There is a method for this.
Kevin Scott is the Microsoft CTO.
Microsoft and Vetala Hawkins.
There is a method for this.
2. There is a program called Roblox.
The ticker is forRBLX.
The market capitalization is $73.0 billion.
There is a method for this.
The images are from SOPA.
There is a method for this.
1. It's Nvidia.
The ticker is: NVDA.
Market capitalization is $816.9 billion.
There is a method for this.
Santa Clara, California is where the Nvidia headquarters are.
The images are by Justin Sullivan.
There is a method for this.
Business Insider has an original article.
