Roundhill Ball Metaverse ETF (METV) is a passively managed exchange-traded fund that seeks to track the performance, before fees and expenses, of the Ball Metaverse Index. The fund provides exposure to globally listed equity securities of companies engaged in metaverse-related activities, including spatial computing, virtual platforms, hardware enablers such as semiconductors and GPUs, cloud infrastructure, digital ecosystems, and enabling technologies like blockchain and cryptocurrencies; top holdings as of recent data include Roblox Corp (RBLX), Unity Software Inc (U), NVIDIA Corp (NVDA), Meta Platforms Inc (META), and cryptocurrency-linked ETFs such as CI Galaxy Ethereum ETF (ETHX.U.TO) and CI Galaxy Bitcoin ETF (BTCX.U.TO). METV trades on the NYSE Arca exchange with a gross expense ratio of 0.59%, supports ETF options trading, and rebalances quarterly.
Launched on June 30, 2021, by Roundhill Investments LLC, an SEC-registered investment advisor founded in 2018 and headquartered at 154 West 14th Street, New York, New York, the fund originally traded under the ticker META. Effective January 31, 2022, the ticker symbol changed from META to METV to avoid confusion with another financial instrument. In June 2024, the Ball Metaverse Index updated its methodology to expand eligibility for equity securities as components, broadening the fund's potential holdings.
The ETF targets investors seeking thematic exposure to the metaverse economy, projected by some analyses to generate significant market impact across consumer and enterprise applications by 2030, with operations encompassing U.S. and international securities markets. Roundhill Investments, the fund's adviser, has expanded its broader ETF lineup significantly in recent years, surpassing $10 billion in total assets under management as of November 2025 and launching multiple new products including WeeklyPay ETFs and relaunched meme stock strategies, though METV remains a core thematic offering.