Top 5 metaverse ETFs to watch in 2026

Metaverse ETFs hold equity securities in companies building the tools, platforms, and infrastructure behind immersive three-dimensional digital environments – covering virtual interactions, online gaming, and internet-based commerce. Roundhill Ball Metaverse ETF ($METV) holds more than four times the assets of Fidelity Metaverse ETF ($FMET), the next-largest fund in this list. Management fees across the five range from 0.39% to 0.71%.

How we built this list: We selected these funds based on their industry or investment category and ordered them by assets under management. Prices are updated daily, and the list and supporting content are reviewed roughly every quarter. All data is sourced from Stake. This list isn't a recommendation and isn't ordered by suitability.

Past performance is not a reliable indicator of future performance.

Source: Stake market data. Figures in US$. Data updated as of 3 August 2026.

1. Roundhill Ball Metaverse ETF ($METV)

Roundhill Ball Metaverse ETF (METV) share price over the last year: started at US$18.21, ended at US$18.63, a change of +2.3%. Range over the period: high US$21.27, low US$15.23. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$18.63 · Daily: 2.0% · AUM: US$205.5M · MER: 0.58%

Roundhill Ball Metaverse ETF ($METV) aims to track the Ball Metaverse Index, which holds globally-listed equity securities in companies that enable the metaverse. The index covers businesses providing the products, services, or technologies that make virtual environments work, as well as those that generate revenue from them.

Because the holdings are drawn from markets worldwide, the fund carries exposure to multiple foreign currencies relative to the Australian dollar. Exchange rate movements between the AUD and those currencies can affect what the fund returns in local terms. The fund's composition isn't fixed to a single geography or industry – eligibility turns on a company's role in enabling or benefiting from the metaverse, as the index defines it.

2. Fidelity Metaverse ETF ($FMET)

Fidelity Metaverse ETF (FMET) share price over the last year: started at US$35.50, ended at US$37.79, a change of +6.5%. Range over the period: high US$40.14, low US$30.14. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$37.79 · Daily: 2.0% · AUM: US$45.3M · MER: 0.39%

Built around companies developing the platforms, tools and infrastructure for virtual interactions, online gaming and internet-based commerce, Fidelity Metaverse ETF ($FMET) tracks the Fidelity Metaverse Index. Geode, the fund's investment manager, aims to hold at least 80% of the fund's assets in securities included in the index. Depositary receipts representing index securities can also make up part of that allocation.

The underlying holdings are priced in foreign currencies, which means the fund's returns in Australian dollar terms shift with movements in the AUD against those currencies. AUD-based investors carry that currency exposure alongside the fund's equity-market risk.

3. iShares Future Metaverse Tech & Communications ETF ($IVRS)

iShares Future Metaverse Tech & Communications ETF (IVRS) share price over the last year: started at US$39.95, ended at US$31.94, a change of −20.1%. Range over the period: high US$43.12, low US$27.44. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$31.94 · Daily: 2.1% · AUM: US$8.0M · MER: 0.47%

iShares Future Metaverse Tech & Communications ETF ($IVRS) is designed to track an index covering equity securities in companies – both U.S. and non-U.S. – that enable the metaverse and virtual interactions. The index provider defines the metaverse as a three-dimensional immersive digital world, which shapes how the underlying companies are selected.

Because the portfolio draws from global issuers, the fund carries exposure to currencies beyond the Australian dollar. Movements between the AUD and those foreign currencies can affect returns.

4. ProShares Metaverse ETF ($VERS)

ProShares Metaverse ETF (VERS) share price over the last year: started at US$54.87, ended at US$69.60, a change of +26.8%. Range over the period: high US$84.91, low US$50.69. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$69.60 · Daily: 2.3% · AUM: US$6.3M · MER: 0.58%

ProShares Metaverse ETF ($VERS) is designed to track the Solactive Metaverse Theme Index. That index consists of companies providing innovative technologies for metaverse products and services – covering internet-based interactions, online gaming, and digital transactions. $VERS aims to replicate the index's performance, before fees and expenses.

Because the fund is priced in US dollars, the AUD/USD exchange rate affects returns for AUD-based investors. The Solactive index ties eligibility to technology-focused companies across those three areas of digital activity.

5. First Trust Indxx Metaverse ETF ($ARVR)

First Trust Indxx Metaverse ETF (ARVR) share price over the last year: started at US$46.65, ended at US$54.67, a change of +17.2%. Range over the period: high US$58.55, low US$42.61. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$54.67 · Daily: 1.4% · AUM: US$5.4M · MER: 0.71%

First Trust Indxx Metaverse ETF ($ARVR) aims to track the Indxx Metaverse Index, an equity index covering companies involved in metaverse-related businesses. The fund holds common stocks and depositary receipts that make up that index. At least 80% of net assets are allocated to index constituents under normal market conditions.

Because the underlying holdings are denominated in foreign currencies, $ARVR carries currency exposure relative to the Australian dollar. Movements between the AUD and those currencies flow through to the value of the fund's holdings for Australian investors.

Common questions

How do I invest in metaverse ETFs in Australia?

All five funds in this article trade on U.S. exchanges, so you'll need a share trading platform that gives you access to U.S. markets. You buy by searching the ticker – $METV, $FMET and the others – and purchases settle in U.S. dollars, with the platform converting from AUD at the prevailing rate. Each fund holds a basket of shares across multiple companies, so one purchase tracks a spread of metaverse-related names rather than a single stock.

What are the key risks of metaverse ETFs?

The metaverse is an evolving theme, and the companies in these funds depend on technologies whose development timelines are difficult to predict. Theme-based ETFs concentrate holdings within a narrow part of the market – here, broadly within technology, media and communications – rather than across the broader economy. Because these funds trade in USD and hold securities from companies listed across global markets, Australian investors also face currency movements between the AUD and USD, as well as shifts in the currencies of the underlying holdings. Technology-heavy funds can see sharper falls during broad market downturns than more diversified alternatives.

What are metaverse ETFs and how do they work?

Metaverse ETFs hold shares in companies involved in building or enabling virtual and immersive digital environments – areas like augmented reality hardware, online gaming infrastructure, networking technology and cloud platforms. Each fund in this list tracks a different index, with each index provider setting its own criteria for which companies qualify. Because the indices differ, the holdings aren't identical across the five funds, and neither is the resulting mix of company types and geographies.

How do the fees on these funds compare?

The annual management fee – known as the management expense ratio, or MER – ranges from 0.39% for $FMET to 0.71% for $ARVR. $IVRS sits at 0.47%, while $METV and $VERS both charge 0.58%. On a fund held over several years, the gap between the lowest and highest fee compounds in a way that a single year's figure can understate.

Disclaimer

Past performance is not a reliable indicator of future performance. When you invest, your capital is at risk. You should consider your own investment objectives, financial situation, and particular needs before making an investment decision. The value of your investments can go down as well as up and you may receive back less than your original investment. As always, do your own research and consider seeking appropriate financial advice before investing.

This is not personal financial advice nor a recommendation to invest in the securities listed. Any advice provided by Stake is of general nature only and does not take into account your specific circumstances. Trading and volume data from the Stake investing platform is for reference purposes only, the investment choices of others may not be appropriate for your needs and is not a reliable indicator of performance.

Please refer to hellostake.com/pricing for the fees that apply. When you trade securities priced in another currency, currency conversion fees may apply and movements in the exchange rate may affect your returns.

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