The Metaverse is what most people are talking about these days. This has piqued the interest of a large audience and has directed a lot of attention towards the crypto space.
The Metaverse benefits cryptocurrencies because it is anticipated to boost crypto adoption all over the world. Therefore, if you are interested in crypto assets you should also learn a few things about the Metaverse.
The crypto space is known to be a volatile place as the prices of digital assets fluctuate quite often. However, despite the price movement the significance and value of the cryptocurrencies are undeniable.
Therefore, if you are looking to invest in crypto you should look for popular crypto exchanges and choose the one that suits their needs the most.
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Details About Metaverse ETF in Europe
According to Goldman Sachs, the Metaverse has received billions of dollars in investment. The market size is potentially around $12 trillion globally.
Now it has been reported that Europe’s first Metaverse-themed exchange-traded (ETF) has been listed on the London Stock Exchange. It is the ETC Group Global Metaverse UCITS ETF (METR). This ETF is now available for sale all across Europe.
METR is the second themed exchange-traded fund (ETF) that is a result of a collaboration between ETC Group and HANetf.
The ETC Group develops cryptocurrency-backed securities, whereas HANetf independently provides UCITS ETFs.
As per reports, the exchange-traded fund will keep a track of the Solactive ETC Group Global Metaverse Index. At the moment, this is offering exposure to nearly 51 companies that are active in the Metaverse industry.
These companies are engaged in various areas in the Metaverse that include:
- 3D graphics
- Blockchain technologies including NFTs
- Online gaming
- Related cloud and data storage
- Video streaming
- Wireless communications
Due to this announcement, the London Stock Exchange now joins a global trend where the exchanges are launching their first Metaverse-themed ETFs.
The Stock Exchange of Hong Kong also reportedly launched its ETF last month.
What to Know as a Novice Crypto Investor?
If you are new to the crypto space and want to start investing in digital assets then there are a few things you should be familiar with first. The crypto space is a volatile place where you can face some risks, especially if you do not have sufficient information or relevant experience.
Therefore, to limit the risks and have a better experience of buying crypto you should be familiar with a few helpful tips such as:
- Choose a secure and suitable exchange to buy crypto
- Keep an eye on the price movement of the digital asset you want to buy
- Invest as much as you can afford to lose
The Metaverse is one of the factors that is anticipated to work in favor of the crypto assets, despite the price fluctuations seen from time to time. However, what the cryptocurrency future actually holds can only be seen with time.
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