$Roundhill Ball Metaverse ETF (META.US)$ will ETF expired ? Can anyone explain ? tq

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$Roundhill Ball Metaverse ETF (META.US)$
NEWS PROVIDED BY
Roundhill Investments 
Jun 30, 2021, 09:00 ET
NEW YORK, June 30, 2021 /PRNewswire/ -- Roundhill Investments ("Roundhill"), a registered investment advisor and ETF sponsor focused on developing innovative financial products, today announced the launch of the Roundhill Ball Metaverse ETF ("META ETF"). The META ETF is the first exchange traded product globally to provide investors with exposure to the rapidly-growing market of the Metaverse. The Metaverse is broadly understood as a successor-state to today's mobile Internet, but which will involve countless interoperable and persistent virtual worlds, be richly integrated into the physical world as well, thereby creating a new medium and economy for work, leisure, and innovation.
The Roundhill Ball Metaverse ETF ("META ETF") is designed to offer investors exposure to the metaverse by tracking, before fees and expenses, the performance of the Ball Metaverse Index ("BALLMETA Index"). The Index is managed by Ball Metaverse Research Partners, a newly-formed indexing and research firm led by Matthew Ball, a seasoned investor, advisor, and researcher of the Metaverse.
"We consider the emergence of the Metaverse to be as transformative and valuable as the emergence of mobile Internet and the fixed-line Internet that preceded it. It likely will touch every industry and profession, enlarging and/or disrupting today's leaders, and leading to countless new companies and technologies," said Matthew Ball.
The Index has been created to provide investors with an efficient and comprehensive way to invest across all of the major categories and areas of the Metaverse, and proportional to their likely share of revenues. Specifically, the Index was developed and will be maintained by an Expert Council whose backgrounds and specialized knowledge reflects the range of relevant sectors. In addition to Matthew Ball, the Council includes:
Jerry Heinz, VP of Engineering cybersecurity start-up ActZero and former Head of Enterprise Cloud Services at Nvidia, VP Engineering at Tinder, and Senior Manager at Amazon Web Services, where he launched the company's low-latency streaming, app and game virtualization platform;
Jacob Navok, Co-Founder and CEO of Genvid Technologies, an interactive streaming technology firm, and previously lead Square Enix cloud gaming subsidiary Shinra Technologies, and ran business development for Square Enix Holdings;
Jesse Walden, Managing Partner of Variant Fund, and former General Partner of Andreessen Horowitz's crypto fund and founder of Mediachain Labs, a blockchain-based rights platform that was acquired by Spotify; and
Jonathan Glick, former SVP of Product & Technology at The New York Times Electronic Media Company and Director of Research at GLG, the global expert network.
Effective June 29th 2021, the BALLMETA Index also added two new members to its Expert Council, who will advise on all subsequent methodological changes and rebalancing, beginning in Q3 2021. These new experts are:
Anna Sweet, CEO of Bad Robot Games, former Head of Content & Developer Strategy at Facebook's Oculus, and Senior Business Development Manager at Valve, where she led the growth of Steam and several key hardware initiatives
Imran Sarwar, former Director of Design and Co-Producer of Grand Theft Auto V, Grand Theft Auto Online, Red Dead Redemption 2, Red Dead Redemption Online. Grand Theft Auto V was the best-selling title of the seventh and eighth generation of consoles, while Red Dead Redemption 2 was the best-selling title released for the eighth console generation
META holdings include GPU companies, like NVIDIA (7.92% weight), virtual platform providers, like Tencent (5.90% weight) and Roblox (5.13% weight), cloud computing services, like Fastly (3.92% weight), and gaming engines like Unity (3.60% weight).
"We are very excited to work with Matt and his team to offer META, a truly one-of-a-kind ETF that provides investors exposure to a basket of 50 companies that we believe are collectively positioned to drive the future of the internet. Without even including relevant compute, networking and payments companies, Bloomberg Intelligence recently estimated the Metaverse's market size at $800 billion, highlighting the immense opportunity at hand." - Will Hershey, CEO and co-founder at Roundhill Investments.

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