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BlackRock Issues Metaverse Thematic ETF

BlackRock becomes the latest ETF issuer in the United States to launch a thematic equity fund aimed at companies around the world that are shaping the evolution of the metaverse. The expense ratio of the NYSE Arca-listed iShares Future Metaverse Tech and Communications ETF (IVRS US) is 0.47%.

BlackRock’s belief in the metaverse as the next major investment opportunity is supported by society’s growing interest. However, it compares the immersive virtual-world concept to the internet in the early 1990s. BlackRock asserts that it is already aware of how the metaverse will alter “work and play,” with virtual conferences, golf outings, and music events all being transformed by metaverse technologies.

(By Sachin Goswami)

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