Franklin Templeton Launches Metaverse ETF In The European Region

Franklin Templeton, one of the world’s largest asset managers, launches a metaverse ETF in the European region.

According to the company, the Franklin Metaverse UCITS ETF will track the Solactive Global Metaverse Innovation Net Total Return Index, which includes companies with significant exposure to the metaverse, such as payments firm Block, crypto investing firm Galaxy Digital, and gaming company Electronic Arts.

The new ETF will be listed on Deutsche Börse Xetra (XETRA) on September 7, Borsa Italiana and the London Stock Exchange (LSE) on September 9.

Franklin Templeton, which has more than $1.4 trillion in assets under management as of July 31, believes that the metaverse and blockchain “could profoundly impact societies and global economic growth,” according to Dina Ting, Franklin Templeton’s head of global index portfolio management:

“Blockchain technology development is propelling metaverse expansion possibilities in compelling and far-reaching ways.”

This isn’t Franklin Templeton’s first move in the digital asset space. Last year, the firm formed a blockchain venture fund that aimed to raise as much as $20 million and launched a U.S. mutual fund on the blockchain. In April, a veteran of investment bank Citi joined the asset manager to spearhead digital asset research.

Last month, BlackRock, the world’s leading management group, also launched a direct investment product in Bitcoin.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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