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BlackRock Preps Etf Targeting Metaverse Companies: Bloomberg

Last update 30.09.2022 12:07

BlackRock, the world`s largest asset manager, is planning a new ETF aimed at capitalizing on metaverse-facing companies, Bloomberg reported.

BlackRock Preps Etf Targeting Metaverse Companies: Bloomberg

The new fund, the iShares Future Metaverse Tech and Communications ETF, is the latest foray into the blockchain ecosystem for the New York-based investment giant. The company just launched the iShares Blockchain Technology UCITS ETF that tracks the New York Stock Exchange FactSet Global Blockchain Technologies capped index, targeted towards European customers.

In August, BlackRock announced it was partnering with Coinbase to provide clients with crypto trading, custody, prime brokerage and reporting capabilities.

BlackRock now joins other traditional finance companies in launching funds composed of companies with exposure to the metaverse, including Franklin Templeton, Invesco, and Fidelity.

BlackRock did not immediately respond to The Block's request for comment.

 

Source: theblock.co

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All Data
Coin Change(%) Price Volume (24h)
Bitcoin (BTC) 3.71 $72,084.86 $45.5B
Ethereum (ETH) 3.43 $4,038.91 $20.8B
XRP (XRP) 18.52 $0.727106 $4.4B
Solana (SOL) 1.58 $147.242060 $3.8B
Binance Coin (BNB) -2.22 $519.52 $3.0B
USD Coin (USDC) 0.03 $0.999697 $2.4B
Dogecoin (DOGE) 0.96 $0.174374 $2.1B
Shiba Inu (SHIB) -2.92 $0.000033 $1.7B
Floki Inu (FLOKI) -7.67 $0.000267 $1.3B
Avalanche (AVAX) 13.16 $47.596296 $1.2B
All Data