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Fidelity Plans U.S. ETFs Tied to Metaverse, Crypto Industry

  • The firm has created proprietary indexes for new ETFs
  • Geode Capital Management will sub-advise new Fidelity ETFs
Updated on

Fidelity Investments filed with the U.S. Securities and Exchange Commission to create a pair of exchange-traded funds that will track companies engaged in the metaverse and cryptocurrency industries. 

The Fidelity Metaverse ETF will seek to provide returns comparable to a proprietary index comprised of stocks of companies that generate at least 50% of their total revenue from categories such as computing hardware and components, digital infrastructure, gaming technology and wearable technology, according to one of the filings