A Recent SEC Filing Shows the World’s Largest Asset Manager Blackrock Plans to Launch a Metaverse ETF – Metaverse Bitcoin News

According to a recent filing, Blackrock, the multi-national investment company based in New York City and the world’s largest asset manager, has plans to create a new exchange-traded fund (ETF) based on metaverse companies. The fund — dubbed the Ishares Future Metaverse Tech and Communications ETF — will track metaverse firms with exposure to virtual reality, non-fungible tokens (NFTs), augmented reality, and game-centric finance (gamefi) applications.

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 into the digital asset and blockchain space in recent times. On Friday, Bloomberg’s Katherine Greifeld and Vildana Hajric first reported on the U.S. Securities and Exchange Commission (SEC) filing for Blackrock’s new ETF called the Ishares Future Metaverse Tech and Communications ETF.

It comes as a result of Ishares’ recent launch. Coinbase and Blackrock also partnered in August to give clients easy access to digital assets. Hajric’s and Greifeld’s report highlights a filing submitted on Thursday, September 29. The reporters note that the new metaverse ETF doesn’t have an assigned ticker yet.

The latest Blackrock metaverse ETF could include firms exposed to “virtual platforms, social media, gaming, digital assets, [and] augmented reality,” the report adds. Blackrock’s chief executive officer Larry Fink remarked last year, that as far as bitcoin is concerned, he’s “more on the Jamie Dimon camp.”

At the time, however, Fink further remarked that he envisioned “a huge role for a digitized currency” and said he believes that it’s “going to help consumers worldwide, whether it’s bitcoin or something else.” On the other hand, Blackrock’s Rick Rieder, the chief investment officer (CIO) of the asset manager, has said bitcoin and cryptocurrencies are durable assets.

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

Blackrock, a multi-national investment company, launched a Bitcoin private trust mid August, shortly after Coinbase had partnered. The multi-national investment company said the reason it launched the private BTC trust was because bitcoin is still a “primary subject of interest,” according to Blackrock’s clientele.

In this story, tags
Augmented Reality, Bitcoin, Blackrock, ceo, CIO, Coinbase, Coinbase Partnership, crypto asset, Digital Assets, Digital Currencies, Filing, GameFi, Gaming, Larry Fink, Metaverse, Metaverse Companies, Metaverse etf, NFs, report, Rick Rieder, Social Media, Virtual Reality, VR

What do you think about Blackrock’s desire to launch a metaverse ETF? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, a Florida-based financial journalist and news lead at Bitcoin.com News is Jamie Redman. Redman is an active participant in the cryptocurrency community from 2011. Since 2011, Redman has been an active member of the cryptocurrency community. Redman is a prolific writer for Bitcoin.com News, with over 6,000 articles on disruptive protocols.

Image creditShutterstock. Pixabay. Wiki Commons

DisclaimerThis article serves informational purposes. It does not constitute an offer, solicitation, or recommendation of any company, products or services. Bitcoin.com doesn’t offer investment, tax or legal advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.

Get more Crypto News at CFX Magazine