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Fidelity Plans U.S. ETFs Tied to Metaverse, Crypto Industry (1)

Jan. 28, 2022, 3:45 PM

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.

In turn, the Fidelity Crypto Industry and Digital Payments ETF will seek to replicate the performance of an internal index comprised of ...