METV is the first U.S. listed ETF to make a
substantial investment in ether*, the digital asset underlying
Ethereum, a critical protocol to the development of
the Metaverse.
NEW
YORK, June 24, 2024 /PRNewswire/ -- Following
the quarterly rebalance of the Ball Metaverse Index, the Roundhill
Ball Metaverse ETF (METV) has initiated positions in ether* and
bitcoin*. METV currently holds an 6.8% position in
ether* and a 2.0% position in bitcoin*, expressed via
the CI Galaxy Ethereum ETF and CI Galaxy
Bitcoin ETF, respectively.
The fund's investment of approximately $27 million in ether* is the largest on record
for a U.S. listed ETF.
"The proliferation of cryptocurrencies and
protocols is an important (and to many, critical) driver behind the
emergence of the Metaverse," said Matthew
Ball, Founder of Ball Metaverse Research Partners. "Designed
by our Expert Council of senior alumnae from worldwide leaders in
cloud services, virtual reality, digital distribution, and
blockchains, the Ball Metaverse Index's pioneering and
proprietary methodology ensures representative exposure to this
multi-trillion dollar theme. Reflecting the growing significance
and adoption of crypto indicated by this methodology,
we will now be adding both Ether and Bitcoin to the
Index."
"Growing adoption and support for crypto will
further accelerate the emergence of the metaverse. Property rights
underpin prosperous economies. Blockchains are a digital property
rights system for the internet — infrastructure that enables a rich
Metaverse economy ripe for countless new developers, businesses and
creators, while giving users true ownership over money, identity,
data, digital goods and more," said Jesse
Walden, Co-Founder & General Partner of Variant Fund,
and Co-Founder of Ball Metaverse Research Partners and Member of
its Expert Council.
According to Ball Metaverse Research Partners, we are several
decades into an unstoppable trend in which more time and money is
spent in an ever-growing number of virtual experiences. As these
technologies continue to improve, their capabilities expand in
reach and relevance. Game engines now run self-driving vehicles and
factory operations. AI-powered digital twins are used to predict
forest fires. Augmented headsets already enable hundreds of remote
surgeries a year. The mirror worlds of the Metaverse continue to
grow their appeal and impact.
*The Fund does not invest directly in ether or
bitcoin. The Fund gains exposure to ether and
bitcoin via publicly-listed
exchange-traded-products.
About Roundhill Investments
Founded in 2018, Roundhill Investments is an SEC-registered
investment advisor focused on innovative exchange-traded funds.
Roundhill's suite of ETFs offers unique and differentiated
exposures across thematic equity, options income, and trading
vehicles. Roundhill offers a depth of ETF knowledge and experience,
as the team has collectively launched more than 100+ ETFs including
several first-to-market products.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
METV ETF please call 1-855-561-5728 or visit the website at
https://www.roundhillinvestments.com/etf/METV. Read the prospectus
or summary prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
Metaverse Companies and other companies that rely heavily on
technology are particularly vulnerable to research and development
costs, substantial capital requirements, product and services
obsolescence, government regulation, and domestic and international
competition, including competition from foreign competitors with
lower production costs. Stocks of such companies, especially
smaller, less-seasoned companies, may be more volatile than the
overall market. Metaverse Companies may face dramatic and
unpredictable changes in growth rates. Metaverse Companies may be
targets of hacking and theft of proprietary or consumer information
or disruptions in service, which could have a material adverse
effect on their businesses. Fund investments will be concentrated
in an industry or group of industries, and the value of Fund shares
may rise and fall more than more diversified funds. Foreign
investing involves social and political instability, market
illiquidity, exchange-rate fluctuation, high volatility and limited
regulation risks. Emerging markets involve different and greater
risks, as they are smaller, less liquid and more volatile than more
developed countries. Depositary Receipts involve risks similar to
those associated with investments in foreign securities, but may
not provide a return that corresponds precisely with that of the
underlying shares. Please see the prospectus for details of these
and other risks.
As an ETF, the fund may trade at a premium or discount to NAV.
Shares of any ETF are bought and sold at market price (not NAV) and
are not individually redeemed from the Fund. Due to the costs of
buying or selling Shares, including brokerage commissions imposed
by brokers and bid/ask spreads, frequent trading of Shares may
significantly reduce investment results and an investment in Shares
may not be advisable for investors who anticipate regularly making
small investments. The Fund may invest in securities issued in
initial public offerings. The market value of IPO shares will
fluctuate considerably due to factors such as the absence of a
prior public market, unseasoned trading, the small number of shares
available for trading and limited information about the issuer. The
purchase of IPO shares may involve high transaction costs. IPO
shares are subject to market risk and liquidity risk. The Fund is a
recently organized investment company with no operating history.
The Fund invests in equity securities of SPACs, which raise assets
to seek potential acquisition opportunities. Unless and until an
acquisition is completed, a SPAC generally invests its assets in
U.S. government securities, money market securities, and cash.
Because SPACs have no operating history or ongoing business other
than seeking acquisitions, the value of their securities is
particularly dependent on the ability of the entity's management to
identify and complete a profitable acquisition. There is no
guarantee that the SPACs in which the Fund invests will complete an
acquisition or that any acquisitions that are completed will be
profitable. Public stockholders of SPACs may not be afforded a
meaningful opportunity to vote on a proposed initial business
combination because certain stockholders, including stockholders
affiliated with the management of the SPAC, may have sufficient
voting power, and a financial incentive, to approve such a
transaction without support from public stockholders. As a result,
a SPAC may complete a business combination even though a majority
of its public stockholders do not support such a combination. Some
SPACs may pursue acquisitions only within certain industries or
regions, which may increase the volatility of their prices.
Foreside Fund Services, LLC: Distributor.
Glossary
Ball Metaverse Index (BALLMETA Index): The Ball
Metaverse Index is designed to track one of the largest and most
valuable socio-economic technological transformations of the coming
decades: the Metaverse. The Index is managed by an Expert Council
which maps and weights thousands of public companies to seven
categories enabling Metaverse technologies and businesses, each
weighted by their projected share of Metaverse-related revenues.
The Roundhill Ball Metaverse ETF (METV) seeks to track the
performance of the Ball Metaverse Index.
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SOURCE Roundhill Investments