• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Metaverse
Nexo

Fidelity Investments Extends Offerings By Focusing On Metaverse And ETFs

anushsamal by anushsamal
3 weeks ago
in metaverse
0

International investment firm Fidelity Investments has decided to invest in metaverse companies. Fidelity Investments has now launched four new exchange-traded funds (ETFs) which would focus on two new products in order to tap into the incipient Web3 space.

The ETFs shall focus on three broad criteria namely, cryptocurrencies, the metaverse and environmental, social and governance (ESG).

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The Fidelity Metaverse ETF (Ticker FMET) and the Fidelity Crypto Industry and Digital Payments ETF (FDIG) have come into effect on Thursday, 21st April.

The Fidelity Crypto Industry and Digital Payments ETF do not give direct access to cryptocurrencies, however, it shall invest in the companies that support the digital asset industry.

Fidelity Investments shall be responsible for building and contributing toward the “future state of the internet”.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Competition In The Already Crowded Metaverse?

Fidelity is entering an already crowded market where a dozen of ETFs already continue to trade the market. In addition to that, there are many firms that have decided to launch “thematic” funds for the younger generation.

We continue to see demand, particularly from young investors, for access to the rapidly growing industries in the digital ecosystem, and these two thematic ETFs offer investors exposure in a familiar investment vehicle, said Greg Friedman, Fidelity’s Head of ETF Management and Strategy.

As mentioned above, younger generations have become increasingly familiar with the metaverse.

Along with that a lot of awareness about where the metaverse could be headed has pushed the younger generation into exploring further.

BlackRock Inc. is among one those firms that have focused on “thematic” funds catering to the younger population.

Fidelity could face tough competition when it comes to the thematic environment with a lot of firms already operating within the space. The firm’s size and scale are, however, likely to give it an edge over its immediate competitors.

Senior ETF Analyst from Bloomberg, Eric Balchunas, also mentions in his tweet that the investment firm has reportedly entered the market having the lowest fee among the four other ETFs that are tracking the Metaverse.

Fidelity also recently launched a metaverse which is Decentraland-based that is called the “Fidelity Stack”. This is aimed at educating retail investors about the basics of investment.

Related Reading | How Crypto Company Circle Announces $400M With Support From Giants BlackRock And Fidelity

Fidelity Had Also Aimed To Launch A Bitcoin Spot ETF

Fidelity has kept pushing for this revolutionary devising to democratize investing which are ETFs. The Securities and Exchange Commission however hasn’t complied.

The U.S Financial regulator is yet to come to a decision about this, which is now causing funds to get launched in other countries with much less difficulty.

For instance, Fidelity just launched the ETF in Canada successfully.

Australia too would be receiving two Bitcoin Spot ETFs which have been approved for launch in the country.

The asset manager continues to ready itself to launch Cosmos Purpose Bitcoin Access ETF which concerns with investing in Canadian Purpose Bitcoin ETF.

Metaverse
Bitcoin broke below its price floor on the four-hour chart. Image Source: BTC/USD on TradingView

Related Reading | U.S Secret Service Seizes $102 Million Of Crypto Assets Linked To Criminals

Featured image from Unsplash.com, charts from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
anushsamal

anushsamal

Related Posts

metaverse

Metaverse Land Value Is Dropping – Should You Buy Now?

6 days ago
NFT

The NFT Market Will Be Worth More Than $13 Billion By 2027 — Report

1 week ago
Liefeld

Rob Liefeld: Deadpool Creator Says He’s Like ‘A Walking NFT’

1 week ago
Spotify

Spotify Builds Own Island In The Metaverse With Roblox

1 week ago
Dfinity

Dfinity Slaps Meta With A Lawsuit For ‘Copying’ Its Infinity Logo

2 weeks ago
NFT

Louis Vuitton NFT Game Racks Up More Than 2 Million Downloads

2 weeks ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.