TORONTO – Evolve Funds Group Inc. announced the launch of Canada’s first metaverse ETF. The Evolve Metaverse ETF has closed its initial offering of units and will begin trading on the Toronto Stock Exchange today under the ticker symbol: MESH.
MESH is designed to provide investors with an actively managed, diversified portfolio of companies involved in the development of the metaverse.
The metaverse is a term used to define an iteration of the Internet supporting persistent 3-D virtual environments combined with social media, communications and productivity tools allowing users to interact online in an immersive, virtual representation of the real world. The metaverse combines online personal computing with virtual-reality and augmented reality technologies. Metaverse technologies are being used in business, social, education and retail applications.
With over $2 billion in assets under management, Evolve is one of Canada’s fastest-growing ETF providers since launching its first ETF in September 2017.