5 Best Metaverse ETFs To Buy

1. Amplify Transformational Data Sharing ETF (NYSE:BLOK)

Established in 2018, Amplify Transformational Data Sharing ETF (NYSE:BLOK) is an actively managed exchange traded fund that invests in firms that develop and utilize blockchain technologies. The ETF has 45 holdings in its portfolio. 

Amplify Transformational Data Sharing ETF (NYSE:BLOK)’s largest investment is in Coinbase Global, Inc. (NASDAQ:COIN), an American company that operates a cryptocurrency exchange platform and is positioned to play a focal role in the digital economy of the metaverse. 

Elite hedge funds hold significant stakes in Coinbase Global, Inc. (NASDAQ:COIN). In the third quarter of 2021, 50 hedge funds were bullish on Coinbase Global, Inc. (NASDAQ:COIN), with collective stakes amounting to roughly $3 billion. ARK Investment Management held the largest stake in the company in Q3 2021, with approximately 7 million shares worth $1.59 billion. 

Here is what Hayden Capital has to say about Coinbase Global, Inc. (NASDAQ:COIN) in its Q3 2021 investor letter:

“Coinbase (COIN): We established a new position in Coinbase, the dominant US crypto exchange and brokerage, this quarter. Given the misperceptions and early-stage nature of the industry, I thought it would be helpful for our partners’ understanding to share a report outlining our thesis, which we published on October 31st.

At a high level, we believe the crypto economy is in the middle of “crossing the chasm” into mainstream adoption & use cases, which will result in millions of mainstream users needing to transact in crypto in some form.

Coinbase is well positioned in the Western, regulated markets to capture this influx – considering their dominant market share / mindshare, their focus on the casual user and thus superior user experience compared to alternatives, and their position as a “toll-booth” for this industry. Longer-term, we also believe Coinbase has “super-app” ambitions, and will be the primary gateway for both the general population and institutions to interact with the crypto economy…” (Click here to see the full text)

You can also take a look at 10 Best Semiconductor Stocks to Buy for 2022 and 10 Best Solar Energy Stocks to Buy for 2022.

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