A recent SEC filing shows that the world’s largest asset manager, Blackrock, plans to launch a Metaverse ETF

The fund, called the Ishares Future Metaverse Tech and Communications ETF, will track metaverse companies with exposure to virtual reality, non-fungible tokens (NFT), augmented reality and game-centric financial applications (gamefi).

ETF filing shows Blackrock plans to launch a Metaverse exchange traded fund.

The world’s largest asset manager by assets under management (AUM), Blackrock, has been investing more energy in the digital asset and blockchain space lately. On Friday, Bloomberg’s Katherine Greifeld and Vildana Hajric first reported that it was an investment fund on the U.S. Securities and Exchange Commission (SEC) filing of a new Blackrock ETF called Ishares Future Metaverse Tech and Communications ETF.

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The news follows the recent launch of the Ishares Blockchain Technology UCITS ETF, and in August, Blackrock partnered with Coinbase to offer clients access to crypto-assets. Hajric and Greifeld’s article highlights a filing submitted on Thursday, September 29. The reporters note that the new metaverse ETF does not yet have an assigned ticker.

The latest Blackrock metaverse ETF could include companies with exposure to “virtual platforms, social media, gaming, digital assets.” [et] augmented reality“, the article adds. Blackrock CEO Larry Fink noted last year that when it comes to bitcoin, he was “more in the Jamie Dimon camp“.

At the time, however, Larry Fink added that he was considering “a huge role for a digital currency” and stated that he believed that it “Is going to help consumers around the world, whether it’s bitcoin or something else“. On the other hand, Rick Rieder, the chief investment officer (CIO) of asset manager Blackrock, said that bitcoin and cryptocurrencies are sustainable assets.

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I still think bitcoin and crypto are durable assets“, Rick Rieder explained in an interview with Yahoo Finance Live. “It’s a sustainable business, but there was so much excess built around it“, Rieder added during the interview.

In addition, just after the company’s partnership with Coinbase, Blackrock launched a private bitcoin trust in mid-August. The multinational investment firm said the reason it launched this private fund was the following BTC trust is because bitcoin is still a “subject of primary interest“, according to Blackrock’s clientele.

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