Brazil set to Launch the World's First Metaverse ETF
The Metaverse ETF is about to be the 8th product offered in the B3, the Brazilian Stock Exchange.
As the North American financial institutions are still struggling to have an ETF, an index fund containing the price of the world's most promising cryptocurrencies, the Brazilian market already set foot, offering 7 different products. As the abbreviation suggests, the Exchange Traded Funds are shared funds tradeable inside traditional stock exchanges. They serve as a low-cost alternative to those who are starting to hop on the variable income train, or those in search of specific strategies to diversify their portfolios.
The metaverse boom, started by Facebook's name change to Meta, may have lost the heat for a while, but there is no doubt that there is plenty of space to be explored on that subject. With that in mind, Investo, the Brazilian first independent fund manager with expertise in ETFs is bringing the NFTS11.
This new ETF will be composed of cryptocurrencies related to entertainment, NFTs, media, and games:
⦁ Decentraland ($MANA)
⦁ Axie Infinity ($AXS)
⦁ GalaGames ($GALA)
⦁ Basic Attention Token ($BAT)
⦁ Chiliz ($CHZ)
⦁ Enjin Coin ($ENJ)
However, it is worth saying that investing in cryptocurrencies is extremely risky due to their volatility, even if wrapped inside an ETF. With that said, having a balanced portfolio is essential to prevent getting rekt in the market spikes. Despite the possible big gains involved, there are also great risks.
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Crypto researcher, investor and trader. Technical and data analyst.