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Fidelity Submitted Proposals to SEC for Metaverse ETFs
Summary: Fidelity Investment submitted proposals to the Securities and Exchange Commission (SEC) for the Fidelity Crypto Industry and Digital Payments ETF and the Fidelity Metaverse ETF, according to a pair of Thursday disclosures. The crypto industry fund would primarily invest in the stocks of companies included in a Fidelity index comprising businesses “engaged in activities related ...
Fidelity Investment submitted proposals to the Securities and Exchange Commission (SEC) for the Fidelity Crypto Industry and Digital Payments ETF and the Fidelity Metaverse ETF, according to a pair of Thursday disclosures. The crypto industry fund would primarily invest in the stocks of companies included in a Fidelity index comprising businesses “engaged in activities related to cryptocurrency, related blockchain technology, and digital payments processing,” according to its preliminary prospectus.
Also tracking a Fidelity index, the proposed metaverse ETF has earmarked at least 80% of assets to the securities of companies “that develop, manufacture, distribute or sell products or services related to establishing and enabling the metaverse,” a separate filing states.
By Amy Liu
Tags: ETFs,Fidelity,Metaverse,SEC
Link: Fidelity Submitted Proposals to SEC for Metaverse ETFs [Copy]
