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Constancy Investments Launches Crypto, Metaverse ETFs — Says ‘We Proceed to See Demand’

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Constancy Investments, one of many largest monetary providers corporations with greater than $11 trillion below administration, is launching exchange-traded funds (ETFs) specializing in the crypto ecosystem and the metaverse. “We proceed to see demand, notably from younger buyers, for entry to the quickly rising industries,” mentioned Constancy.

Constancy Sees Demand for Crypto, Metaverse Investments

Constancy Investments introduced the launch of a few exchange-traded funds (ETFs) this week to supply buyers publicity to the crypto business and the metaverse.

The primary is named “Constancy Crypto Business and Digital Funds ETF (FDIG).” It invests in corporations that “help the broader digital property ecosystem, together with these concerned in crypto mining and buying and selling, blockchain know-how, and digital funds processing,” the agency described. Nevertheless, this crypto ETF won’t provide direct publicity to cryptocurrency.

The second is named “Constancy Metaverse ETF (FMET).” It invests in corporations that “develop, manufacture, distribute, or promote services or products associated to establishing and enabling the metaverse.” They embody corporations specializing in “computing {hardware} and parts, digital infrastructure, design and engineering software program, gaming know-how and software program, net growth and content material providers, and smartphone and wearable know-how​.”

The brand new ETFs might be accessible on or about April 21 for particular person buyers and monetary advisors to buy commission-free by way of Constancy’s on-line brokerage platforms, the announcement particulars. The corporate famous that with the brand new merchandise added, Constancy will provide 51 ETFs altogether.

Constancy is a serious monetary providers agency with property below administration of $11.1 trillion as of February. Headquartered in Boston, the corporate serves greater than 40 million particular person buyers worldwide.

Greg Friedman, Constancy’s head of ETF administration and technique, commented:

We proceed to see demand, notably from younger buyers, for entry to the quickly rising industries within the digital ecosystem, and these two thematic ETFs provide buyers publicity in a well-recognized funding automobile.

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