BETHESDA, Md.–(BUSINESS WIRE)–ProShares, a premier supplier of ETFs, immediately launched a Metaverse ETF (VERS). VERS is designed to provide traders entry to main firms shaping the following frontier of digital interactions.
“The metaverse could also be as impactful on society because the arrival of the web or the cell phone, and the funding alternative has the potential to be simply as compelling,” mentioned Michael L. Sapir, ProShares Founder and CEO. “VERS offers traders with a diversified basket of revolutionary firms which might be positioned to probably profit from the metaverse’s speedy rise.”
ProShares’ VERS ETF tracks the Solactive Metaverse Theme Index, which depends on state-of-the-art algorithms designed to seize the metaverse funding alternative because it evolves. The index tracks 40 firms spanning a broad vary of industries – from gadget makers to information processers, in addition to social media, gaming, and different platforms that facilitate digital interplay. These firms are inserting vital stakes on this digital floor with the hope that its improvement represents the following part of the web.
“The metaverse has the potential to revolutionize a spread of industries,” mentioned Scott Helfstein, government director, thematic investing at ProShares. “Within the not-too-distant future, something from a piece assembly to time with household might happen within the metaverse, and VERS offers traders a simple option to entry the potential progress.”
ProShares launched the primary bitcoin-linked ETF (BITO) in 2021, constructing on the agency’s lengthy historical past of product innovation. VERS is the most recent addition to ProShares’ rising lineup of thematic funds, which make it simple to put money into long-term, transformational developments such because the growing affect of e-commerce, on-demand companies, huge information, and nanotechnology.
About ProShares
ProShares has been on the forefront of the ETF revolution since 2006. ProShares now presents one of many largest lineups of ETFs, with greater than $60 billion in belongings. The corporate is a frontrunner in methods resembling dividend progress, rate of interest hedged bond, thematics and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with merchandise that present strategic and tactical alternatives for traders to handle danger and improve returns.
There isn’t any assure any ProShares ETF will obtain its funding goal.
Shares of any ETF are usually purchased and bought at market value (not NAV) and should not individually redeemed from the fund. Your brokerage commissions will scale back returns.
Investing entails danger, together with the doable lack of principal. This ProShares ETF is topic to sure dangers, together with the danger that the fund could not observe the efficiency of the index and that the fund’s market value could fluctuate, which can lower efficiency. Please see their abstract and full prospectuses for a extra full description of dangers.
Investments in Metaverse know-how are topic to dangers related to a growing trade and there’s no assure that these firms might be profitable. Metaverse firms could also be topic to cyber-attacks, together with however not restricted to, unauthorized entry to digital programs, information corruption, and repair or operational disruption. Cyber-attacks may cause disruptions and impression enterprise operations, probably leading to monetary losses, the shortcoming of Fund shareholders to transact enterprise, violations of relevant privateness legal guidelines and different legal guidelines.
The index theme is probably not the first driver of firm, index or fund efficiency. Corporations within the index could have vital unrelated enterprise strains, which might have a big destructive impression on firm, index and fund efficiency.
This fund concentrates its investments in sure sectors. Narrowly centered investments sometimes exhibit larger volatility. Diversification could not defend towards market danger.
This fund could also be topic to extra dangers related to the semiconductor, software program, media and leisure, and retailing industries. A extra full dialogue of dangers is discovered within the prospectus.
Investments in non-U.S. securities could contain dangers totally different from U.S. securities, together with dangers from geographic focus, variations in valuation and valuation occasions, unfavorable fluctuations in forex, variations in usually accepted accounting rules, and from financial or political instability.
Investments in rising markets usually are much less liquid, extra risky and riskier than investments in additional developed markets and are thought of to be speculative.
Fastidiously contemplate the funding targets, dangers, prices and bills of ProShares earlier than investing. This and different info might be discovered of their abstract and full prospectuses. Learn them fastidiously earlier than investing.
“Solactive AG,” a registered trademark of Solactive AG, and the “Solactive Metaverse Theme Index” has been licensed to be used by ProShare Advisors LLC. ProShares based mostly on the Solactive Metaverse Theme Index should not sponsored, endorsed, bought, or promoted by Solactive AG they usually make no illustration relating to the legality or suitability of ProShares, or the advisability of investing in ProShares. SOLACTIVE AG AND ITS AFFILIATES MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AND BEAR NO LIABILITY WITH RESPECT TO THE INDEXES, PROSHARES, OR THE FUND. Solactive AG makes use of its finest efforts to make sure that the index is calculated appropriately. Solactive AG has no obligation to level out errors within the index to 3rd events, together with however not restricted to traders and/or monetary intermediaries.
ProShares ETFs are distributed by SEI Investments Distribution Co., which isn’t affiliated with the funds’ advisor or sponsor.