Global X Latest ETF Issuer to Test Out the Metaverse

The firm’s filing comes a week after similar plans from fund titan Fidelity

article-image

Blockworks exclusive art by axel Rangel

share
  • The proposed fund would primarily invest in securities within a Global X-developed index
  • Planned ETF joins similar products recently filed by First Trust, ProShares and Fidelity Investments

Exchange traded fund-specialist Global X filed to launch a metaverse fund Friday, becoming the latest fund issuer dabbling in the digital space.

The New York-based firm’s Metaverse ETF will primarily invest in the securities of its own metaverse index, which consists of companies positioned to benefit from the development and commercialization of the metaverse, according to the regulatory filing.

Global X defines the metaverse as “a set of virtual, three dimensional, real-time rendered spaces and simulations that can be experienced simultaneously by users regardless of the users’ physical location.”

The document did not indicate a ticker or expense ratio.

A Global X spokesperson did not immediately return a request for comment.

Global X has about 90 ETFs trading in the US, with combined assets of roughly $40 billion. It launched its Blockchain ETF (BKCH) in July, which has grown to about $85 million in assets.

The firm also brought to market its Blockchain & Bitcoin Strategy (BITS) in November. Unlike other bitcoin futures-based products launched in October by ProShares and Valkyrie Investments, BITS invests in both bitcoin futures contracts and stocks of blockchain companies.

Global X’s proposed fund joins others recently filed by First Trust, ProShares and Fidelity Investments.

Metaverse ETFs available in the US include Roundhill Investments’ Roundhill Ball Metaverse ETF (META), which leads the segment with $820 million in assets, and Subversive Capital’s Metaverse ETF (PUNK), which launched last week.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

Institutional staking providers specialize in offering secure, compliant, and scalable solutions for organizations, asset managers, and individuals who wish to stake large volumes of digital assets. Staking-as-a-Service Providers (SaaSPs) act as intermediaries, running blockchain nodes and managing the technical complexities of staking on behalf of clients, often providing custody, reporting, and yield optimization features across a broad range of assets and networks.

article-image

Should Congress not pass a budget, the SEC will be operating with a skeleton staff starting Wednesday

article-image

Stablecoin, DePIN and robo-advisor teams made the finals

article-image

EF report maps eight factions within the ecosystem, warning that short-term pragmatism is eclipsing the protocol’s founding vision

article-image

How are all these seemingly separate things related?

article-image

Phantom expands its wallet into a money app, powered by Bridge’s CASH stablecoin and Visa-backed payment integration

by Blockworks /
article-image

Robinhood explores overseas expansion as regulators debate whether contracts are financial products or gambling bets

by Blockworks /