Blackrock Launches Metaverse ETF – Invest in the Future!

• Blackrock, the world’s largest asset manager, recently launched a metaverse thematic ETF.
• The new iShares Future Metaverse Tech and Communications ETF (IVRS US) was recently listed on NYSE Arca with an expense ratio of 0.47%.
• Companies seeking to participate in the fund must have a $300 million market cap, with trading volumes of at least $2 million.

Blackrock Launches Metaverse-Focused ETF

Incoming reports indicate that Blackrock, the world’s largest asset manager, recently issued a metaverse-themed ETF, joining several others in the quest. The new iShares Future Metaverse Tech and Communications ETF (IVRS US) was recently listed on NYSE Arca using an expense ratio of 0.47%.

Targeting Companies Focusing On Further Developments Within The Metaverse Ecosystem

The fund is linked to Morningstar Global Metaverse & Virtual Interaction Select Index and targets companies focusing on further developments within the metaverse ecosystem. When writing this report, data indicated that the fund had only accumulated a net asset of about $5.02 million as of Feb. 17, with a daily volume of 410. Moreover, data from Feb. 17 shows that about 72.4% of the Index’s total constituted US-listed stocks while other countries well represented in the fund include China (10.2%), South Korea (3.6%), France (5.1%), and Japan (8.2%).

Companies Requirements For Participation In Fund

Reports indicate that companies seeking to participate in the fund must have a $300 million market cap, with trading volumes of at least $2 million.. The new Blackrock fund adopts a rating system where companies listed will be assigned at least one of 6 relevance scores related to the metaverse sub-theme which assesses their potential to benefit from any sub-theme including Wearable Technology and VR/AR; Enhanced Social Media; 3D Rendering and Simulation Software; Metaverse Platforms; Immersive Gaming; Digital Assets & Payments etc

Previous Rumors Of New ETF

Last October rumors surfaced about Blackrock’s new meta verse focused ETF which is just one of many already launched meta verse thematic ETFs in US such as Roundhill Ball Meta verse ETF which is currently largest among them all .

Conclusion

Blackrock’s newly launched exchange traded fund provides investors opportunity to capitalize on prospect created by developing technologies associated with virtual universes known as “meta verses” while also offering coverage for various industries related to it through its Morningstar Global Meta verse & Virtual Interaction Select Index based rating system for companies participating in it