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Off To A Bad Start
If you’ve yet to read it, check our post The Metaverse Goes Mainstream, which we consider a must-read - you can see it here (no paywall):
The terrible timing of Metaverse marketing - the whole concept was being pushed right as markets peaked late last year - means that the idea and reality of the Metaverse is quite likely to be ignored by investors for some time. Chad will be too scared of it because he is still nursing major crypto losses, and Metaverse and crypto are certainly related (there’s a bloodline through Ether $ETHE ). Older managers at Big Money, LP, will be wary of it because the bleeding-edge names, your Robloxes RBLX 0.00%↑ and so on, are rather limited in scope - they’ll succeed or not, and it’s hard to tell from the outside - that’s not the kind of bet that Big Money likes to take. So for the moment there’s a dearth of attention which we believe could prove fruitful.
Fortunately there is a way to play the Metaverse through an ETF, METV 0.00%↑ , and whilst it’s taken a shellacking of late, we think that may soon change. Here’s how it did vs. the S&P and the Qs, year to date.
Urgh.
Let’s take a deeper dive and see if there’s any cause for good cheer here.
The next section is for our paying members only, since this is an actionable idea. If you’ve yet to join us as a paying member, you can sign up right here.