Months after launching “Canada’s first multi-cryptocurrency ETF”, Evolve Funds Group Inc. announced that it has a final prospectus to launch Evolve Metaverse ETF. Dubbed “MESH”, the fund is expected to start trading on the Toronto Stock Exchange on Monday.
MESH is specifically designed to provide investors with a portfolio of companies involved in the development of the metaverse.
“The metaverse will take us from simply interacting online to fully immersing within the digital world. As a leader in disruptive innovation, we decided to take an active approach to Canada’s first Metaverse ETF,” explained Evolve ETFs CEO Raj Lala.
Metaverse is an evolving term that describes multiple elements of technology, particularly 3D virtual environment, combined in an iteration of the internet. Social media giant Facebook’s decision to rebrand its parent company to Meta Platforms is prominently a nod to the metaverse.
The Evolve Metaverse ETF is set to begin trading on TSX on November 29, 2021 under the symbol “MESH”.
Information for this briefing was found via Sedar and Evolve ETFs. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.