Roundhill launches ETFs in Europe

In complete silence, US ETF provider Roundhill has begun launching its ETFs in Europe. So far it is only Roundhill Ball Metaverse UCITS ETF (METV) which could be traded, but we spoke with the company’s CEO, Tim Maloney, and he promised that BETZ and NERD might follow.

Roundhill Ball Metaverse UCITS ETF is the first exchange-traded fund with a focus on the Metaverse to be accepted for trading on Germany’s Xetra. However, this was not the first day before the launch of HANetf HANetf ETC Group Global Metaverse UCITS ETF (M37R ETF) On the London Stock Exchange where it is traded under the acronym METR. Today, this ETF is also traded on Xetra, under the acronym M37R.

Valor also obtained permission to launch an exchange-traded product, ETP, which provides exposure to Metaverse, Metaverse and Gaming Index ETP. This ETP will consist of an index of the top five digital assets related to metaversewhich is a network of virtual environments and economies created through gaming, virtual reality, social networking, and cryptocurrency.

Other money can come to Europe with them

We asked Tim Maloney, CEO of Roundhill, about their other ETFs and when we might see them in Europe.

“I think we would like to bring all of our money receiving traction assistance in the US to Europe. However, we want to make sure that we can increase AUMs in Europe before committing to releasing additional money in Europe.”

Will we see BETZ in Europe?

A similar ETF already exists in Europe, HANetf Fischer Sports Betting and iGaming UCITS ETF Acc (BETS ETF). The plan was actually for this ETF to be traded under the acronym BETZ.

“That is the plan, and again waiting to prove that we can increase the management assets of METV. We were certainly aware that they were planning to launch with pizza And they were glad they didn’t.” Tim Maloney says.

Any plans for NERD?

In the United States, the company owns Roundhill BITKRAFT Esports & Digital Entertainment ETF (NYSEArca: NERD ETF)It is a publicly traded fund that has attracted a great deal of interest since its launch. Will we see this ETF available to European investors?

There was a lot of interest in this sector during the first year of the pandemic, and now not so much, which is strange because people love video game companies here in Sweden. Someone told me that 1 in 550 people in Sweden works for a video game company.

“BETZ would probably be second but NERD would be third that makes sense when Roundhill launches its ETFs in Europe.” Tim Maloney answers.

Launched directly on German Xetra

When US ETFs come to Europe, they usually choose to launch their ETFs in London first, which is natural because they have a language advantage there. However, Roundhill has chosen to release a file Roundhill Ball Metaverse UCITS ETF (METV) Live on German Xetra, why?

“The answer is complicated, but it lies in the regulatory changes related to Brexit. I am not the best person to talk about through legal affairs, but in principle the Irish money passport system (where our money is) has gone to the UK.

Germany was the best option left for various reasons and we may list on other stock exchanges over time” Tim Maloney answers.

There are no employees in Europe

Roundhill will not have employees in Europe, so managers hoping to visit a company employee will be disappointed. This is a completely different approach compared to many other ETF issuers. What are your plans for marketing in Europe?

We plan to use a “market first” strategy similar to the one we used in the United States. We’re still working on exactly how to get this right and we’ll be trying a lot of things over time as we work through it.

While we may not have events, I don’t expect us to expand our individual sales team when Roundhill launches its ETFs in Europe.” Tim Maloney answers.

did you pass Roundhill Ball Metaverse UCITS ETF (METV) for the whole of Europe?

We are now in Germany, Denmark, Sweden, Finland and Norway. This means that it is possible for your readers to trade this exchange-traded fund. As I understand it, Xetra is the market in Europe that makes it easy for Swedish and Nordic investors to trade ETFs.

SHOP METV

Roundhill Ball Metaverse UCITS ETF (METV) It is a European ETF that is traded on the German stock exchange Xetra.

This means that it is possible to trade units in this ETF through most Swedish banks and online brokers, for example DejeroAnd nordnet And keep it up.

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