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Metaverse Race Heats Up in Markets as Latest ETF Unveiled

  • First Trust follows Roundhill Ball launch of META in June
  • Market poised for 13% annual growth to $800 billion by 2024

The rush to capitalize on the virtual-reality boom is intensifying in the world of exchange-traded funds, as First Trust Advisors LP announces the latest offering.

The Indxx Metaverse ETF plans to track tech-powered firms across emerging and developed markets, according to a Tuesday filing with the Securities and Exchange Commission. It will be passively managed.