Fidelity Investments Launches Crypto, Metaverse ETFs — Says ‘We Continue to See Demand’

Fidelity Investments Launches Crypto, Metaverse ETFs

Fidelity Investeeringud, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETF-id) focusing on the crypto ecosystem and the metaverse. “We continue to see demand, particularly from young investors, for access to the rapidly growing industries,” said Fidelity.

Fidelity Sees Demand for Crypto, Metaverse Investments

Fidelity Investments announced the launch of a couple of exchange-traded funds (ETF-id) this week to offer investors exposure to the crypto industry and the metaverse.

The first is calledFidelity Crypto Industry and Digital Payments ETF (FDIG).” It invests in companies thatsupport the broader digital assets ecosystem, including those involved in crypto mining and trading, plokiahela tehnoloogia, and digital payments processing,” the firm described. Kuid, this crypto ETF will not offer direct exposure to cryptocurrency.

The second is calledFidelity Metaverse ETF (FMET).” It invests in companies thatdevelop, manufacture, distribute, or sell products or services related to establishing and enabling the metaverse.They include firms focusing oncomputing hardware and components, digital infrastructure, design and engineering software, gaming technology and software, web development and content services, and smartphone and wearable technology​.”

The new ETFs will be available on or about April 21 for individual investors and financial advisors to purchase commission-free through Fidelitys online brokerage platforms, kuulutuse üksikasjad. The company noted that with the new products added, Fidelity will offer 51 ETFs altogether.

Fidelity is a major financial services firm with assets under administration of $11.1 trillion as of February. Headquartered in Boston, the company serves more than 40 million individual investors worldwide.

Greg Friedman, Fidelitys head of ETF management and strategy, kommenteeris:

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.

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