Global investment firm Franklin Templeton, which has over $1.4 trillion in assets under management, has announced the launch of a metaverse ETF for European investors.
The ETF, named Franklin Metaverse UCITS ETF, will track the Solactive Global Metaverse Innovation Index. The index includes companies that have exposure to the metaverse industry, including blockchain applications and segments. Some of the segments covered are Metaverse Technology, Platforms, Devices, Blockchain Technology, Digital Asset Platforms, Interchange Standards, and Data Processing.
The ETF will be listed on Deutsche Börse Xetra (XETRA) on 7 September, and will be listed on Borsa Italiana and the London Stock Exchange (LSE) on 9 September. The ETF is registered in the UK, Germany, Austria, Denmark, Finland, France, Italy, Ireland, Spain, and Sweden.
With the launch, Franklin Templeton joins the growing list of asset management companies that have introduced funds in the metaverse and blockchain segment. Last month, BlackRock, the world’s largest asset manager, launched an institutional-grade crypto product that allows clients to invest in spot bitcoin.
Moreover, Schwab Asset Management, Charles Schwab’s asset management division, launched its first crypto-related trading product Schwab Crypto Thematic ETF, which is listed on the New York Stock Exchange.