METV - Metaverse heats up as ProShares launches the latest ETF

ProShares has unveiled a new exchange traded fund aimed at the metaverse, joining an increasingly crowded space that already includes offerings from firms like Subversive Capital and Roundhill Investments. The ProShares Metaverse ETF is intended to provide individuals access to pivotal businesses that are shaping the next frontier of digital interactions.  The fund will track the Solactive Metaverse Theme Index, which uses an algorithmic approach meant to capture the metaverse investment opportunity as it evolves. The index tracks stocks that span a broad range of market segments from device makers to data processers and social media, gaming, and other platforms that facilitate digital interaction.  The new fund has an expense ratio of 0.58% and has 40 holdings, led by mega-cap names. The top five holdings for VERS are APPLE (AAPL) weighted at 8.34%, Alphabet (GOOG) at 6.46%, Microsoft (MSFT) at 6.38%, Nvidia (NVDA) at 6.35%, and Meta Platforms (FB) weighted

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Metaverse heats up as ProShares launches the latest ETF