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Metaverse Stocks Buzzing in Korea With Multiple ETF Launches

  • Four new metaverse-focused ETFs launched in Korea last month
  • NCSoft upgraded at Morgan Stanley on metaverse growth outlook
Updated on

Metaverse stock fans are finding that South Korea is a go-to Asian market to bet on the technology, with a host of exchange-traded products and shares up for grabs.

Korea’s ETFs focused on the metaverse, many of them newly listed, have seen double-digit gains this month to trump the Kospi benchmark’s 0.3% decline. Aside from the popular U.S.-listed Roundhill Ball Metaverse ETF, most other vehicles focused on the concept are hosted in South Korea, according to Bloomberg-compiled data.