TechFlow News, October 15 — Subversive Capital, a U.S. venture capital firm, has filed a document with the U.S. Securities and Exchange Commission (SEC) to register a Metaverse ETF called the Subversive Metaverse ETF. The fund intends to invest at least 80% of its net assets in equity securities of global public companies that provide services and products for metaverse infrastructure and applications, with market capitalizations ranging between $250 million and $1 trillion. The ETF will carry an annual management fee of 0.75%. The fund will be managed by Michael Auerbach, CEO of Subversive Capital, along with Chief Investment Officer Leland Hensch and Chief Financial Officer Steven Yoo.
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