Fidelity metaverse & digital payments ETF

[seattlepcp]

I'm wondering what the WCI community thinks about this passively managed ETF for exposure to digital payments?

I’ve thought that a digital payments passive index fund has advantages where you get to invest in a sector and not worry about any details of picking winners.

In general I am super leery of crypto. (I am WCI to the bone and trust Dr. Dahle on crypto). I worry that any crypto “investments” I make right now could be, as Ronald Reagan once said, “money down a rat hole”. Is this any different?

website:
https://www.coindesk.com/business/20...outputType=amp

[childay]

I would not see the point. Those companies would eventually be represented in broad indexes, no need to tilt towards the metaverse or whatever.

[ShredtheGnar]

You could capture this sector with a growth tilt. Growth index is cheap too.

[Marko-ER]

Yup, agree with the above. Skip.

Sadly, I think facebook has a point about metaverse and if the pattern holds for in-game purchases (i.e. for e-gamers), then virtual goods are going to be big business.

https://www.forbesindia.com/article/...averse/75239/1

[Max Power]

... if the pattern holds for in-game purchases (i.e. for e-gamers), then virtual goods are going to be big business...

They already are big business.

Two major problems:
1) The virtual purchases (clothes for meta character, guns for war video game, etc) are basically free to create. Unlimited supply crushes price.
2) People who sit around and play games a lot don't have much income (and parents of kids who buy a lot will get the bill and then the kid finds the account credit card yanked at some point).