The Roundhill Ball Metaverse ETF (METV) returned 26.24% in 2Q’25, its strongest quarter since 1Q’23. As of July 21, the fund is trading at all-time highs and is outperforming the S&P 500 index by roughly 22% year-to-date. In our view, METV still offers upside potential, supported by constructive market sentiment, favorable trendwork, and evolving fundamental catalysts. This is what we’re seeing.