ETFs Go Into the Metaverse
The day that Mark Zuckerberg announced he was changing the name of Facebook to Meta Platforms, the Roundhill Ball Metaverse ETF ($META) found a new trajectory. Since then, the ETF—which holds companies such as Nvidia, Roblox, Unity, Microsoft, and, well, Meta—has seen assets grow 6-fold and volume jump 50-fold. Much like $HACK, which also benefited from being the right idea at the right time, META is fast on its way to becoming a billion-dollar ETF—mostly because of a big news event. Eric and Joel explore the metaverse—and the investing opportunities it could bring—with Matthew Ball, managing partner of EphyllionCo and the brain behind the ETF; Matt Kanterman, who covers gaming as a senior analyst for Bloomberg Intelligence; and Rebecca Sin, an ETF analyst for Bloomberg Intelligence. The group discusses how to think about the metaverse, what's at stake for companies, why investors are so excited, AR and VR applications, the size of the virtual economy, Robux vs crypto, and more. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com