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<a href="https://markets.businessinsider.com/stocks/tcehy-stock"></a><ul class="summary-list"><li>The global investment group <keyword id="8087626" type="UNKNOWN" weightage="60" keywordseo="Prosus">Prosus</keyword> is selling $14.6 billion of <keyword id="9718057" type="UNKNOWN" weightage="60" keywordseo="tencent-stock">Tencent stock</keyword>.</li><li>The deal will increase Prosus's cash reserves from $4.6 billion to roughly $19.2 billion.</li><li><keyword id="212412" type="COMPANY" weightage="60" keywordseo="Tencent">Tencent</keyword>'s American ADR has fallen roughly 20% from February 12 highs of nearly $100 per share.</li></ul><a href="https://markets.businessinsider.com/stocks/tcehy-stock">Tencent's</a> American ADR sank as much as 9.7% on Wednesday after the firm's largest shareholder, Prosus, said it plans to sell $14.6 billion worth of its stake in the Chinese multinational technology conglomerate.Tencent's Hong Kong shares fell 3.75% on the day.Prosus, the international internet assets division of the South African multinational <keyword id="6356837" type="ORGANIZATION" weightage="60" keywordseo="naspers">Naspers</keyword>, will remain Tencent's largest shareholder holding some 28.9% of the company.Prosus also said it will not sell any more Tencent shares for at least the next three years.<a href="https://markets.businessinsider.com/stocks/naprf-stock">Naspers</a><a href="https://www.wsj.com/market-data/quotes/NPSNY?mod=chiclets"> </a>paid $34 million for a 46.5% stake in Tencent in 2001, three years before the company went public in Hong Kong in June 2004. The acquisition was one of the most lucrative venture capital deals of all time netting Naspers billions.Before the latest sale, Naspers, through Prosus, owned a 30.9% stake in Tencent.The deal is set to increase Prosus' cash reserves from $4.6 billion to roughly $19.2 billion.Tencent is the world's largest videogame company by revenue and operates the popular WeChat app. The company outperformed in 2020 amid an increased stay-at-home audience for its games and apps during the pandemic.Tencent's stock has made huge strides over the past few years due in large part to its lucrative investments in tech firms like Snapchat, the Chinese e-commerce company Pinduoduo, and the delivery and shopping platform Meituan.The company's ADR, which trades on OTC <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>, reached highs of nearly $100 per share on February 12-giving the company a valuation of over $900 billion-but has fallen roughly 20% in the past few months.Share prices were hurt by investors' fears of <a href="https://markets.businessinsider.com/news/stocks/tencent-sheds-65-billion-government-crackdown-ant-group-2021-3-1030203312">China's recent crackdown</a> on big tech names. After Wednesday's fall, Tencent has lost over $150 billion in market cap from its record highs. Shares of the company's ADR traded down 7.63% as of 3:23 p.m. ET after mounting a mild recovery.<div type="image" title="tcehy chart" height="708" width="830" msid="81959098" hostid="261"></div>

Tencent falls nearly 8% after the firm's largest shareholder said it plans to sell $14.6 billion of its holdings

<ul><li>The Roundhill Ball <keyword id="11121339" type="UNKNOWN" weightage="60" keywordseo="metaverse" source="Orion">Metaverse</keyword> ETF has seen its assets under management soar 548% since <keyword id="11892960" type="UNKNOWN" weightage="60" keywordseo="facebook" source="Orion">Facebook</keyword> changed its name to <keyword id="12416504" type="UNKNOWN" weightage="60" keywordseo="meta" source="Orion">Meta</keyword> Platforms.</li><li>The move highlights growing investor interest in the future potential of virtual worlds.</li><li>These are the top 10 "meta" stock holdings of the almost $1 billion Metaverse ETF.</li></ul>A surge in interest in the metaverse has led to an explosion in asset inflows for an ETF that was at the right place at the right time.The <a href="https://www.roundhillinvestments.com/etf/meta/">Roundhill Ball Metaverse ETF</a> launched on June 30 with assets of just a few million dollars. The ETF, which seeks to gain exposure to companies that are enabling a future where people spend more and more time in virtual worlds, sports the ticker symbol "META."That ticker symbol likely aided a big boost in the ETF's assets under management beginning October 28 — the same day <a href="https://www.businessinsider.com/facebook-new-name-meta-rebrand-metaverse-zuckerberg-apps-2021-10">Facebook changed its name to Meta</a> (with plans to switch its ticker to "MVRS").Since then, the fund has grown its assets by 548% to $823.2 million, according to data from <a href="https://app.koyfin.com/">Koyfin</a>. That translates to big business for the ETF's creator, Roundhill. If the ETF maintains assets of at least $823 million going forward, and considering its 0.75% expense ratio, the fund will generate more than $6 million in annual revenues. Since October 28, the Metaverse ETF is up about 5%, meaning a bulk of its surge in assets is not coming from the appreciation of its underlying holdings, but rather from investors who are bullish on the sector and putting new money to work. In fact, from October 28 through November 24, the Metaverse ETF didn't see a single day of declining assets. With growing interest in the metaverse sector, these are the top 10 stocks of the nearly $1 billion Metaverse ETF.10. AutodeskTicker: <a href="https://markets.businessinsider.com/stocks/adsk-stock">ADSK</a> Market Capitalization: $55.9 billion<div type="image" title="Prakash Kota Autodesk CIO" height="2400" width="4800" msid="88037493" hostid="261"></div>9. Tencent HoldingsTicker: <a href="https://markets.businessinsider.com/stocks/tcehy-stock">TCEHY</a> Market Capitalization: $564.7 billion<div type="image" title="Tencent" height="2736" width="5472" msid="88037494" hostid="261"></div>8. QualcommTicker: <a href="https://markets.businessinsider.com/stocks/qcom-stock">QCOM</a> Market Capitalization: $202.2 billion<div type="image" title="qualcomm snapdragon 855" height="1000" width="2000" msid="88037497" hostid="261"></div>7. AppleTicker: <a href="https://markets.businessinsider.com/stocks/aapl-stock">AAPL</a> Market Capitalization: $2.7 trillion<div type="image" title="An Apple store." height="1997" width="3994" msid="88037498" hostid="261"></div>6. AmazonTicker: <a href="https://markets.businessinsider.com/stocks/amzn-stock">AMZN</a> Market Capitalization: $1.8 trillion<div type="image" title="Amazon Go store just walk out technology" height="512" width="1024" msid="88037499" hostid="261"></div>5. Unity SoftwareTicker: <a href="https://markets.businessinsider.com/stocks/u-stock">U</a> Market Capitalization: $49.3 billion<div type="image" title="Unity Technologies CEO John Riccitiello" height="2013" width="4027" msid="88037501" hostid="261"></div>4. Meta PlatformsTicker: <a href="https://markets.businessinsider.com/stocks/fb-stock">FB</a> Market Capitalization: $902.5 billion<div type="image" title="Workers in front of Facebook headquarters pull off cover of the old &quot;thumbs up&quot; sign to reveal the new Meta logo" height="2447" width="4895" msid="88037502" hostid="261"></div>3. MicrosoftTicker: <a href="https://markets.businessinsider.com/stocks/msft-stock">MSFT</a> Market Capitalization: $2.5 trillion<div type="image" title="Microsoft CTO Kevin Scott speaks on stage in front of a Microsoft logo." height="512" width="1024" msid="88037504" hostid="261"></div>2. RobloxTicker: <a href="https://markets.businessinsider.com/stocks/rblx-stock">RBLX</a> Market Capitalization: $73.0 billion<div type="image" title="Roblox" height="1000" width="2000" msid="88037505" hostid="261"></div>1. NvidiaTicker: <a href="https://markets.businessinsider.com/stocks/nvda-stock">NVDA</a> Market Capitalization: $816.9 billion<div type="image" title="A sign is posted in front of the Nvidia headquarters on May 10, 2018 in Santa Clara, California." height="1500" width="3000" msid="88037510" hostid="261"></div>

A metaverse ETF has seen inflows surge 548% since Facebook's name change. Here are its top 10 holdings.

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Tencent falls nearly 8% after the firm's largest shareholder said it plans to sell $14.6 billion of its holdings

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A metaverse ETF has seen inflows surge 548% since Facebook's name change. Here are its top 10 holdings.

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