BlackRock Has Plans For A New ETF Targeting Metaverse
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BlackRock Inc. is planning to create an ETF to give its clients a chance to add companies with metaverse exposure to their portfolios. The company also previously launched an ETF targeting European clients.
In order to give its clients the opportunity to include businesses with exposure to the metaverse in their portfolios, BlackRock Inc. plans to develop an ETF. According to Bloomberg, the new ETF hoped to profit from businesses that were focused on the metaverse.
The new fund, the iShares Future Metaverse Tech and Communications ETF, is the New York-based investing juggernaut’s most recent venture into the blockchain environment. In order to appeal to European clients, the company recently introduced the iShares Blockchain Technology UCITS ETF, which tracks the New York Stock Exchange FactSet Global Blockchain Technologies capped index.
BlackRock launched its partnership with Coinbase in August, promising to give customers access to prime brokerage, reporting, and custody services for cryptocurrencies.
Now that Franklin Templeton, Invesco, and Fidelity have launched funds made out of businesses with exposure to the metaverse, BlackRock has followed suit.
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