Blackrock Plans to Launch a Metaverse ETF

BlackRock’s iShares Future Metaverse Tech and Communications ETF will give investors exposure to metaverse-focused companies, as per the filing on Thursday. This may include companies with links to social media, virtual platforms, digital assets, gaming, augmented reality and much more. The metaverse, which combines technologies such as virtual reality and NFTs, has become a focal point for exchange-traded product issuers. Most recently, Switzerland-based crypto exchange-traded product issuer 21Shares and US rival ProShares have launched their own Metaverse ETFs. Despite a major slowdown in the Metaverse space, some industry surveys estimate that the total addressable market between $8-13 trillion by 2030.

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