ProShares, The first company launched in the U.S. A bitcoin (Bitcoin) The Exchange Traded Fund (ETF) is getting involved in Metaverse, because it now plans to launch a new Metaverse-focused ETF.

ProShares on Tuesday Archive Cooperated with the US Securities and Exchange Commission (SEC) to launch an ETF focused on Metaverse, called ProShares Metaverse ETF.

Approved by the US Securities and Exchange Commission, the proposed ETF will track the performance of the Solactive Metaverse Subject Index (SOMETAV), which is composed of companies that provide or use Metaverse-related technologies, including data processing and Metaverse equipment, ETF prospectus read.

ProShares said the index includes US companies that are listed on the New York Stock Exchange or the Nasdaq Stock Exchange and meet certain market capitalization and liquidity requirements. Electronic giants such as Apple and Nvidia, as well as social media such as Meta Platforms or former Facebook, are all in It is said that Among the top components of the index.

ProShares’ metaverse ETF application comes at a time when global companies are increasingly involved in the metaverse and non-fungible token (NFT) industries.

On November 29, two Canadian companies, Evolve Funds Group and Horizons ETFs Management, Start Trade their metaverse ETF on the Toronto Stock Exchange.Similar to ProShares Metaverse Theme ETF, Horizons Global Metaverse Index ETF is track Audiovisual.

related: In the past week, virtual land in Metaverse dominated NFT sales

With Facebook officially announcing its Metaverse strategy, Metaverse has increasingly become one of the biggest technological trends in 2021. Renamed its product to Meta In October. The concept of Metaverse is based on an online virtual environment with a wide range of functions, such as communication, games, trading of digital collectibles and NFTs, participation in activities, etc., facilitated by general equipment or virtual and augmented reality headsets.

According to a learn According to Reports and Data, the global Metaverse market is valued at US$48 billion in 2020 and is expected to reach US$872 billion by 2028, with a compound annual growth rate of 44%.