Fidelity Investments is launching two exchange-traded funds that track companies whose businesses are related to cryptocurrencies and the metaverse.
The Fidelity Crypto Industry and Digital Payments ETF (FDIG) will not offer direct exposure to cryptocurrency, but offers the opportunity to invest in companies that support the broader digital assets ecosystem, including those involved in crypto mining and trading, blockchain technology and digital payments processing.
The Fidelity Metaverse ETF (FMET) is focused on the evolution and future of the internet; it will provide access to companies that develop, manufacture, distribute or sell products or services related to establishing and enabling the metaverse — networks of 3D virtual worlds.
The companies included in the ETF are involved in computing hardware and components, digital infrastructure, design and engineering software, gaming technology and software, web development and content services, and smart phone and wearable technology.
The funds will be available on or about April 21, Fidelity said in a release.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
