Franklin Templeton is increasing its metaverse ETF so as to add synthetic intelligence and blockchain publicity.
Consequently, the Franklin Metaverse UCITS ETF (METU) will see its identify modified to the Franklin AI, Metaverse and Blockchain UCITS ETF.
The ETF, which tracks the Solactive International Metaverse Innovation index, will enhance the variety of firms enhance from 60 to 75.
Themes inside the index will even be simplified from seven classes to 4, which embody metaverse ecosystem, blockchain expertise, digital asset platforms, and AI purposes and companies.
The ETF’s funding goal – offering publicity to applied sciences to supply services across the metaverse and supporting blockchain applied sciences – will keep the identical.
The modifications will happen on 7 June.
METU’s high three holdings are Nvidia (8.2%), Meta Platforms (5.4%) and Coinbase International (5%).
Franklin Templeton launched METU in September 2022, with belongings rising to a conservative $3.6m since its inception.
HANetf not too long ago overhauled its metaverse ETF right into a ‘Net 3.0’ technique, with a brand new identify and index alongside broadening its sector publicity.
Roundhill Investments exited the European ETF market final October after saying the closure of its metaverse ETF simply 18 months after launching.
