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First Trust files for a US-listed metaverse ETF as the virtual-world gold rush heats up
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First Trust, a US investment company, applied to list a metaverse-themed exchange traded fund on Tuesday, as the virtual world expands and people look for more investment products tied to this area.
The First Trust Indxx Metaverse ETF would trade on the Nasdaq, according to a filing with the Securities and Exchange Commission. The ETF would use the Indxx Global Metaverse Index as a benchmark, the filing showed.
Investors have described the metaverse, an immersive digital version of the real world, as amulti-trillion dollar opportunity. People have spent millions in the last few weeks alone on plots of digital land and other virtual assets on platforms such as Sandbox and Decentraland.
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