Did you guys still not hear the latest news about Fidelity Investments? It is Fidelity Investments to launch crypto and Metaverse ETFs. Yes, the company is all set to launch them by this week. It states that they can see great demand, especially from young investors for access to these rapidly growing industries in the digital ecosystem.
Boston-based top financial services company, Fidelity Investments to launch crypto and Metaverse ETFs amid the market demand. It will have two focus areas. The first will be Fidelity Crypto Industry and Digital Payments ETF (FDIG) and the second will be Fidelity Metaverse ETF (FMET). These new ETFs will be available for financial advisors and individual investors on April 21.
The growth of the blockchain industry has tempted and invited the most popular TradFi companies to DeFi. We have seen many many such examples in the last few months. However, this stride of DeFi is expected not to stop soon. We will now witness another addition to this list. Fidelity Investments will launch crypto and Metaverse ETFs and become the recent addition to the list with two new ETFs.
Here is a post covering all the necessary information on this announcement of ‘Fidelity Investments to launch crypto and Metaverse ETFs’. You must read the post till the very end to get full details about this recent announcement related to “Fidelity Investments to launch crypto and Metaverse ETFs”. Let us find out more about Fidelity Investments to launch crypto and Metaverse ETFs.
The Fidelity Metaverse
Fidelity Investments to launch crypto and Metaverse ETFs. One of the largest financial services companies, Fidelity Investments, is all set to launch exchange-traded funds that will focus on the Metaverse and the crypto ecosystem. These ETFs are expected to be launched by this week only.
The first ETF is Fidelity Crypto Industry and Digital Payments ETF (FDIG). It is created as a tool to explore the cryptocurrency ecosystem from TradeFi to the investors. One can invest in companies supporting the growth of the digital ecosystem directly via this fund. This ETF will not provide any direct exposure to the tokens in the market.
The second ETF is Fidelity Metaverse (FMET). It is exclusively dedicated to the projects that have established their businesses in the virtual world or the Metaverse. This ETF will be the gateway from TradeFi to investing in those projects that manufacture, develop, sell, and distribute products or services related to enabling and establishing the Metaverse.
This move of Fidelity Investments to launch crypto and Metaverse ETFs will allow a great range of investors to learn and invest in cryptocurrency and Metaverse. It will help investors to easily get exposure to the emerging Metaverse sector which was not so popular before Facebook’s rebranding to Meta. These can be bought commission-free from Fidelity’s online brokerage platforms.
This new move of Fidelity Investments to launch crypto and Metaverse ETFs will allow investors to focus on meta and crypto developments of the firm. The company has currently deployed over $11 trillion under administration for the Exchange Traded Funds. The company is well-known for its financial, wealth management, retirement planning, and brokerage services.
Fidelity Investments is among the largest and most reputable financial services companies worldwide. It holds assets worth $11 billion. It is reported that they will not have a direct tie to the cryptocurrency market but to the companies and startups that operate in Decentralized finance. Fidelity’s portfolio now comprises 51 Exchange Traded Funds with the addition of these two recent ones.
The expected date for the launch of these two ETFs as per reports is April 21. Metaverse and cryptos are the two major areas where investors and big companies are investing. Many more investments are already on their way! Let us wait and watch what all new companies join this digital world.
This post “Fidelity Investments to launch crypto and Metaverse ETFs”, covers all the necessary details of this latest announcement. The two ETFs are expected to launch by this week only. Users can purchase them commission-free from the company’s online brokerage platforms.
The portfolio of Fidelity Investments now includes 51 ETFs with the addition of these two recent ones. These ETFs are expected to bring exposure to the digital ecosystem. What do you feel about this new initiative? Drop your views on “Fidelity Investments to launch crypto and Metaverse ETFs” in the comments.