The large asset manager – Fidelity Investments – filed with the US Securities and Exchange Commission to establish a pair of exchange-traded funds (ETFs). The financial products will track firms involved in the Metaverse industry.
Aiming at The Metaverse
The American financial services corporation – Fidelity Investments – has already sought the SEC’s approval to launch a Bitcoin ETF in the USA. In September last year, the company urged the Commission to greenlight the product citing the surging appetite for digital asset services from investors and the market’s maturity as reasons.
At the same time, Fidelity tried its luck in Canada, where the local watchdogs were more supportive, and in December 2021, it established a spot Bitcoin ETF there. The product, called Fidelity Advantage Bitcoin ETF (FBTC), obtains physical bitcoins directly.
According to a recent filing with the SEC, the organization wants to try its luck again with exchange-traded funds in the USA. Those will tr
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