Hong Kong creates ETF investing in meta-universe tokens
Hong Kong has taken another step toward embracing the meta-universe. CSOP Asset Management announced the creation of the country's first exchange-traded fund for meta-universe projects, which will be listed on the Hong Kong Stock Exchange on February 21.
CSOP announced it will adopt an active management strategy to achieve its investment goal, investing primarily in publicly listed U.S. meta-universe companies.
The initial investment in the Metaverse Concept ETF has already totaled $9 million. The meta-universe is best interpreted as the next version of the Internet, which is why tech giants are investing huge resources in the industry. Facebook has even changed its name to META, reflecting their commitment to developing the metaclass universe.
