Fidelity Investments, one of the largest financial firms with more than $11 trillion in assets under management. launching a fund Multiple exchange-traded funds (ETFs) with a focus on the Crypto and metaverse ecosystems.
“We still see demand. especially from young investors. to reach a fast growing industry,” Fidelity said.
“Fidelity Crypto Industry and Digital Payments ETF (FDIG)” will invest in companies that “Supporting a broad digital asset ecosystem This includes companies involved in mining and trading, blockchain technology, and digital payment processing,” the company explains. However, this crypto ETF does not directly invest in cryptocurrencies. cryptocurrency
The “Fidelity Metaverse ETF (FMET)” will invest in companies that “develop, produce, distribute, or sell products or services related to the establishment and activation of the metaverse.” “Computer hardware and components, digital infrastructure, design and engineering software, game technology and software, website development and content services, and smartphones and wearable technologies.”
The new ETF will be available around April 21 to individual investors and financial advisors commission-free through Fidelity’s online brokerage platform.
Fidelity is a large financial services company with $11.1 trillion in assets under management as of February. with its head office located in Boston. and serving more than 40 million retail investors worldwide.
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