The company SoFi has unveiled plans for an ETF centered on Web3 which is a new concept of the internet with decentralization of crypto economics. In their filing with the SEC, SoFi stated the ETF will have 40 stocks following companies in big data, blockchain technology, the metaverse, artificial intelligence, and NFT firms.
SoFi Announces Plans For a Web3 ETF
ETF Newz Says:
Web3 is still early in development and not many ETF issuers have tapped into the market yet.