Roundhill Ball Metaverse ETF

Roundhill Ball Metaverse ETF (METV) tracks the Ball Metaverse Index. The index is a committee-picked basket of 39 holdings tied to virtual worlds, gaming, devices and chips, led by Roblox, Apple and NVIDIA as of June 30, 2026. Unlike most tech funds, it also held about 13% in two Canadian ETFs that stake Solana and ether. It charges 0.59% a year, more than the 0.40% charged by Fidelity Metaverse ETF.

• Over the year to Oct 27, 2026, METV returned -1.0%, 8th of 9 among similar funds.
• Its worst full calendar year was 2024 (+24.9%); its best was 2023 (+60.6%).
• The deepest fall in its price history was 48.8% (Feb 9, 2022 to Nov 9, 2022), recovered by Jul 5, 2024.

As of Jun 30, 2026, the fund held 39 securities; the ten largest made up 52.38% of assets. It also reported 3.63% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.

By sector

• Over the three months to Jun 30, 2026, investors withdrew a net $33.1M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +13.45%, +7.45%, -4.98%.

METV aims to match the Ball Metaverse Index, before fees. The index is owned by Ball Metaverse Research Partners LLC. The prospectus describes the Metaverse as a future version of the internet built around shared, always-on 3D virtual spaces. A committee of Ball staff and outside experts picks companies it believes can earn revenue from building or supplying that world, now or in the future. To decide, it uses filings, patents, usage data and consumer interviews. Companies fall into seven categories, including hardware such as headsets and phones, computing power, networking, virtual platforms and interchange standards.

To get into the index, a company needs a market value of at least $250 million and must keep at least $200 million to stay in. It also needs at least $2 million in average daily trading over six months. The index can also hold crypto ETFs, including foreign ones, that own bitcoin, ether, Solana or XRP. Some of these ETFs "stake" their coins, which means locking them up to help run a blockchain in return for rewards. METV does not hold crypto directly. Some of these ETFs lack the protections of the Investment Company Act of 1940. The committee can also keep a crypto ETF in the index after it falls below the size or trading limits.

As of June 30, 2026, the fund held no derivatives. Its 10 largest positions made up 52% of assets. Portfolio turnover was 55%. Holdings such as Tencent, Sea and TSMC add exposure to foreign currencies.

• METV charges 0.59% a year, versus an average of 0.5% for the similar funds below (6th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $59 in the first year and $737 over 10 years (assuming a 5% annual return).

It is a concentrated bet on gaming, virtual platforms and crypto, and it has swung much more sharply than the broad market.

METV launched in June 2021, so it has no record from the 2008 or 2020 crashes. In the 2022 bear market it lost 52.44% for the year, and its worst quarter fell 32.88%. From February 9 to November 9, 2022, it dropped 48.8% from peak to low. It did not regain that peak until July 5, 2024, about 20 months after the low. Anyone who had to sell shares or draw cash during that stretch would have locked in deep losses. It then gained 60.37% in 2023. Its yield was 0.14% as of October 27, 2026, paid once a year, so it offers almost no income. At 0.59% a year, fees on $10,000 would total about $737 over 10 years under the SEC's standard example. Past results don't predict future returns, and a retirement plan should weigh the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.