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

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

Research Report Templates.jpg

Research

Figure, founded by former SoFi CEO Mike Cagney, has emerged as a leader in onchain RWAs, with ~$17.5B publicly tokenized. The platform’s ecosystem volume is growing ~40% YoY as it expands beyond HELOCs into student loans, DSCR loans, unsecured loans, bankruptcy claims, and more. Operationally, Figure cuts average loan production cost by ~93% and compresses median funding time from ~42 days to ~10, creating a durable speed-and-cost advantage.

article-image

Former White House crypto official Bo Hines is expected to be the CEO of the new project

article-image

In bonds, stablecoins and billionaires, a reminder of what makes crypto special

article-image

21Shares exec says CPI and PPI data supports a Fed rate cut, with market leaning toward a 25bps decrease

article-image

The Ethereum co-founder suggested LINEA holders would be eligible for other airdrops in cryptic tweet

article-image

The layer-2’s biggest release yet brings benefits — but a post-upgrade outage caused a chain reorg

article-image

Crypto is shifting into risk-on mode — pump.fun dominates meme activity, while Lido leans on treasury maneuvers