BlackRock, the world’s largest asset manager, plans to launch a Metaverse ETF, a recent SEC filing shows.

BlackRock, the world's largest asset manager, plans to launch a Metaverse ETF, a recent SEC filing shows.

Named the Ishares Future Metaverse Tech and Communications ETF, the fund will track companies in the metaverse that are exposed to virtual reality, non-fungible tokens (NFT), augmented reality and game-centric financial applications (gamefi).

The ETF filing shows that BlackRock plans to launch a Metaverse-like exchange-traded fund.

BlackRock, the world’s largest asset manager by assets under management (AUM), has recently been pouring more energy into the digital asset and blockchain space. On Friday, Bloomberg’s Katherine Greifeld and Wildana Hajri first reported the investment fund’s filing with the US Securities and Exchange Commission (SEC) of a new BlackRock ETF called the iShares Future Metaverse Tech and Communications ETF.

The news follows the recent launch of the Ishares Blockchain Technology UCITS ETF, a BlackRock partnership in August. Coinbase To provide customers with access to crypto assets. Hajrik and Greifeld’s article highlights a filing on Thursday, September 29. Journalists note that the new metaverse ETF has not yet been assigned a ticker.

In the latest BlackRock Metaverse ETF “”Virtual Platforms, Social Media, Games and Digital Assets”, [et] Augmented reality“, the article adds. BlackRock’s managing director Larry Fink commented last year Bitcoinit has been “Rather in Jamie Dimon’s camp“.

However, at the time, Larry Fink added.Big role for a digital currency“and stated that he believed that”Going to help customers all over the world, be it Bitcoin or whatever“. On the other hand, Rick Ryder, chief investment officer (CIO) of asset manager BlackRock, said that bitcoin and cryptocurrencies are stable assets.

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I still think Bitcoin and cryptos are stable assetsRick Ryder explained in an interview with Yahoo Finance Live. “It’s a permanent function, but so much excess was built around it“, Ryder added during the interview.

Additionally, BlackRock launched a private bitcoin trust in mid-August, hot on the heels of the company’s partnership with Coinbase. The multinational investment firm said the reason for launching this private fund is as follows BTC The reason for the belief is that Bitcoin is still a “Primary subject of interest“, according to BlackRock customers.

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