Metaverse ETF Price Battle Starts Early as Roundhill Cuts Costs
- Biggest digital-world ETF slashes fees to 0.59% from 0.75%
- Competition heats up with Fidelity, Global X fund applications
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A fee war is breaking out among exchange-traded funds jockeying to benefit from the push to create virtual worlds.
The $856 million Roundhill Ball Metaverse ETF (ticker METV) cut its management fee to 0.59% from 0.75% on Friday, according to a statement Monday. That’s the lowest fee among the two other ETFs that track the metaverse, the Subversive Metaverse ETF (PUNK) and the Fount Metaverse ETF (MTVR), which hold less than $15 million in assets combined.