Roundhill Ball Metaverse ETF Restates NAV Down $0.65 to $18.03
METV•Roundhill Investments restated the Roundhill Ball Metaverse ETF's June 12 NAV from $18.6792 down to $18.0270, a $0.6522 adjustment following an operational calculation error by its third-party administrator. The firm promptly directed the administrator to correct the miscalculation to ensure accurate NAV reporting.
1. NAV Restatement Details
The Roundhill Ball Metaverse ETF's NAV for June 12 was restated from $18.6792 to $18.0270, reflecting a $0.6522 downward adjustment to correct an earlier misreported net asset value.
2. Error Cause and Correction
The miscalculation stemmed from an operational error by the fund's third-party administrator, which was identified and corrected immediately at Roundhill's direction to maintain accurate valuation for shareholders.
3. Fund Background and Implications
Founded in 2018, Roundhill Investments launched the Ball Metaverse ETF to offer thematic metaverse equity exposure; while the NAV correction is modest, it underscores the importance of robust administrative controls and may influence investor monitoring of fund operations.
