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Best Metaverse ETFs in Canada 2023: Investing in the Metaverse


Fact Checked

It is the year 2023, and metaverse ETFs, metaverse crypto, metaverse stocks, NFTs, coins, and digital real estate are becoming a legitimate part of the mainstream investing world. .

Perhaps, we have all lost our collective minds, or maybe, virtual world technologies are the next best thing since sliced bread.

The fact is that some of the hottest developments in today’s world of alternative investment assets are related to the Metaverse.

Read on to learn about the top Metaverse ETFs available in Canada.

What is a Metaverse ETF?

According to Meta Platforms (Facebook):

The “metaverse” is a set of virtual spaces where you can create and explore with other people who aren’t in the same physical space as you. You’ll be able to hang out with friends, work, play, learn, shop, create and more.


You can think of the metaverse as a digital world where your avatar comes to life with immersive 3D experiences that are not limited by your location.

While various virtual and augmented reality technologies already exist, the “metaverse” became more popular when Facebook recently rebranded itself to Meta Platforms Inc.

If you think the Metaverse world will grow exponentially in the future, you could potentially earn significant returns by investing in Metaverse ETFs.

These thematic ETFs are investment vehicles that invest your money in companies that are involved in the development of the metaverse.

Metaverse ETFs are just one of many ways to gain exposure to the metaverse. You can also invest in metaverse cryptocurrencies or individual metaverse-related stocks.

Best Metaverse ETFs in Canada

Three Metaverse ETFs in Canada are offered by:

  • Evolve Funds Group Inc: Evolve Metaverse ETF (MESH)
  • Horizons ETFs: Horizons Global Metaverse Index ETF
  • Fidelity: Fidelity Total Metaverse Index ETF 

1. Evolve Metaverse ETF (MESH)

The Evolve Metaverse ETF (MESH) began trading on the Toronto Stock Exchange in November 2021.

As per the company, MESH will provide investors with long-term capital appreciation by investing in various stocks of companies involved in developing the metaverse.

Key details for the Evolve Metaverse ETF as of February 2023 include the following:

  • Inception date: November 24, 2021
  • Assets under management (AUM): $$9.434 million
  • Ticker symbol: MESH
  • Management fee: 0.60%
  • Listing currency: CAD
  • Eligible accounts: Registered and non-registered investment accounts
  • Number of holdings: 31

MESH is available in both hedged and unhedged versions.

The Evolve Metaverse ETF is actively managed and currently holds 25 equity securities as follows:

MESH HoldingsAllocationMESH HoldingsAllocation
Coinbase Global Inc5%Roblox Corp4.27%
NVIDIA Corp4.01%Unity Software Inc.3.83%
Meta Platforms Inc3.80%eXp World Holdings Inc3.70%
Matterport Inc3.54%Synaptics Inc3.48%
Sea Ltd3.36%Advanced Micro Devices Inc (AMD)3.28%
Walt Disney Company3.23%Snap Inc3.21%
NetEase Inc3.19%Taiwan Semiconductor3.18%
Qualcomm Inc3.16%Apple Inc3.15%
Autodesk Inc3.14%Amazon.com Inc3.10%
Alibaba Group Holding Ltd3.07%Sony Group Corp3.04%
Tencent Holdings Ltd3.0%Take-Two Interactive2.94%
Microsoft Corp2.89%Alphabet Inc2.87%
Adobe Inc2.87%PTC Inc2.87%
Intel Corp2.86%Cisco Systems Inc2.85%
Activision Blizzard Inc2.68%Electronic Arts Inc2.43%
Ubisoft Entertainment SA1.99%

The asset allocation will vary based on each stock’s price performance and actions taken by fund managers to increase returns.

As for the fund’s global diversification, the constituent stocks are geographically allocated as follows:

  • United States:79.17%
  • China: 9.26%
  • Singapore: 3.36%
  • Taiwan: 3.18%
  • Japan: 3.04%
  • France: 1.99%

MESH Fees and Returns

MESH has had a rough time since its inception, with a total loss of -35.04% and a 1-year return of -29.39%.

Its management fee is currently at 0.60%. The management expense ratio (MER) is not yet available.

How To Buy Evolve Metaverse ETF in Canada

You can purchase MESH using any of the top stock trading apps in Canada, including Questrade and Wealthsimple Trade.

Questrade offers free ETF purchases, and you can also use the platform to trade stocks, options, mutual funds, and FX.

New Questrade clients get $50 in free trade credits after funding their investment account with at least $1,000.


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Wealthsimple Trade does not charge trading commissions when you buy or sell ETFs and stocks. And new users get a $25 cash bonus after depositing $150 or more in their new accounts.

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2. Horizons Global Metaverse Index ETF (MTAV)

The Horizons Global Metaverse Index ETF (MTAV) invests in companies that will potentially benefit from the “adoption and usage of technologies expected to grow and support the functioning of the Metaverse.”

This ETF is also listed on the TSX, and some of the fund facts as of February 2023 are:

  • Inception date: November 26, 2021
  • AUM: $4.36 million
  • Ticker symbol: MTAV
  • Management fee: 0.55%; MER: 0.65%
  • Listing currency: CAD
  • Eligible accounts: Registered and non-registered accounts

MTAV hedges U.S. dollar exposure back to the Canadian Dollar.

While I could not find the number of stocks comprising MTAV, its top-10 equity holdings as of February 24, 2023, were:

MTAV HoldingsAllocation
NVIDIA Corp6.12%
Meta Platforms Inc Cl A5.98%
Apple Inc5.37%
Microsoft Corp5.35%
Oracle Corp5.25%
Visa Inc Cl A5.08%
Mastercard Inc Cl A5.05%
Amazon.com Inc4.88%
Alphabet Inc Cl A4.81%
Tencent Holdings Ltd4.50%

It holds stocks companies in the following sectors:

  • Information technology
  • Digital infrastructure
  • Augmented/Virtual reality
  • Digital Marketplace
  • Creator economy
  • Digital payment
  • Gaming

As for geographical diversification, MTAV is diversified across these locations: the U.S., China, Japan, Canada, Singapore, and Israel.

MTAV Fees and Returns

The management fee for MTAV is 0.55% (plus applicable sales tax), and its MER is 0.65%.

As for MTAV’s portfolio performance and returns, it delivered a -21.72% return over the last year but has bounced back with a 15.09% return so far in 2023 (as of February 2023).

How To Buy MTAV in Canada

Like MESH, you can purchase the Horizons Global Metaverse Index ETF using an online discount brokerage account such as

Other top brokerage platforms to consider include CIBC Investor’s Edge and Qtrade.

3. Fidelity Total Metaverse Index ETF 

The Fidelity Total Metaverse Index ETF (FMTV) invests in companies that expose Canadian investors to various aspects of the Metaverse, digital payments, and cryptocurrency industries. 

This ETF is listed on the NEO Exchange in Canada, and some of the fund facts as of February 2023 are

  • Inception date: May 13th, 2022
  • AUM: $5.3 million
  • Ticker symbol: FMTV
  • Management fee: 0.50%
  • MER: 0.57%
  • Number of Holdings: 90
  • Listing currency: CAD
  • Eligible accounts: Registered and non-registered accounts

FMTV has 90 holdings across North America, Europe, and Asia. The top ten holdings in FMTV as of February 2023 are: 

FMTV HoldingsAllocation
Meta Platforms Inc5.95%
Tencent Holdings Ltd 5.44%
NVIDIA Corp5.18%
Apple Inc4.26%
Adobe Inc4.02%
Alphabet Inc Class A3.88%
NetEase Inc ADR2.63%
Samsung Electronics Co Ltd2.50%
Nintendo Co Ltd2.48%
Naver Corp2.29%

FMTV has a wide range of geographical markets that it holds stocks from. Here are the top 5 countries by allocation:

  • United States: 50.3%
  • South Korea: 12.6%
  • China: 11.9%
  • Japan: 11.5%
  • France: 4.0%

FMTV Fees and Returns

The management fee for FMTV is 0.50% (plus applicable sales tax). Its MER is a slightly higher 0.57%

As for FMTV’s portfolio performance and returns, this data will not be available until its 1st anniversary in May.

Pros of Metaverse ETFs

Investing in the metaverse is a lot easier using an ETF.

Fund managers with a decent research budget pick stocks of companies that will potentially do well in the space, and you don’t have to worry too much about which stocks fit in.

Also, you enjoy portfolio diversification since the ETF holds several stocks in different sectors and countries. This translates into lower investment risk than investing in only a handful of individual stocks.

The availability of commission-free ETF trading platforms means you won’t be paying $10 per transaction, which is also great.

Cons of Metaverse ETFs

Metaverse ETFs are not meant for risk-averse investors. If you often feel like bailing out of the stock markets when there are severe price corrections, you shouldn’t hold an ETF concentrated in only a few companies.

There is a good reason, respectively, that both MESH and MTAV carry a “medium” and “high” risk rating.

Investing in these Metaverse ETFs does not get you digital real estate or property in the metaverse. If you intend to buy land in the metaverse, you must look elsewhere.

Metaverse Crypto Coins

Another popular way to invest in the metaverse is through cryptocurrencies. Some of the top metaverse crypto coins you can find online include:

  • Axie Infinity (AXS)
  • Decentraland (MANA)
  • The Sandbox (SAND)
  • Illuvium (ILV)
  • Enjin Coin (ENJ)
  • SushiSwap (SUSHI)
  • Chromia (CHR)
  • Render Token (RNDR), etc

Many top Metaverse crypto coins are also related to the NFT and gaming crypto markets.

How To Buy Metaverse Crypto in Canada

You can buy Metaverse crypto using one of these crypto platforms or any of the three featured below.

Confirm that the exchange supports the coin you want to buy before creating an account!

Best Crypto Trading Platforms in Canada

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Metaverse Stocks

If you think a company will enjoy the metaverse’s proceeds, you could invest in it directly.

Looking at the holdings of MESH and MTAV, some potential metaverse stocks you could consider include:

  • Apple
  • Adobe
  • Alphabet
  • Meta Platforms
  • Microsoft
  • Roblox
  • Walt Disney

Of course, these are just wild guesses. Do your own research!


Editorial Disclaimer: The investing information provided here is for informational purposes only and is not intended as individual investment advice or recommendation to invest in any specific security or investment product. Investors should always conduct their own independent research before making investment decisions or executing investment strategies. Savvy New Canadians does not offer advisory or brokerage services. Note that past investment performance does not guarantee future returns.

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Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances. You can read his full author bio.

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