BlackRock to Capitalize on the Metaverse Trends through a New ETF

BlackRock to Capitalize on the Metaverse Trends through a New ETF

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The global investment firm, BlackRock, has launched a new exchange-traded fund (ETF) to capitalize on the success of the Metaverse. The venture capital firm’s investment platform, iShare Metaverse UCITS, offers European investors exposure to several businesses engaged in developing this technology.

As per a statement from BlackRock, the iShares UCITS ETF [MTAV] will “track the STOXX Global Metaverse Index, which uses EconSight’s unique patent data analytics to identify companies that are market leaders, innovators, and specialists in the field of metaverse technologies.”

Based on an evaluation of the patents that companies submit, they are included based on the caliber of their inventions. Before revenues can fully utilize emerging technologies, the filing and publishing of patents in a particular technology also reveal a company’s research priorities and future directions of action.

Additionally, the STOXX Global Metaverse Index uses EconSight’s patent data in conjunction with a rigorous approach to choosing just the top 10% of businesses having High-Quality Patents (HQP) concerning technology. The index comprises 65 multinational corporations from various industries, including software, electronics, gaming, healthcare, manufacturing, and the digital marketplace.

It’s not surprising that BlackRock has moved to promote the space with its cutting-edge products as the metaverse gains momentum and top banks and investment firms stake their claims. As new virtual applications are developed, businesses, private markets, and consumer brands will accelerate their investments in the immersive virtual world, which combines digital and physical interactions.

With its quickly evolving technology landscape, the metaverse is already anticipated to be worth $800 million by 2025 and a market worth $ 4 to 5 trillion by 2030. The global AUM of the exchange-traded instruments with a metaverse theme reached $2 billion in March 2022.

“We see the metaverse as the next leap forward in global communication and connectivity. It has the potential to revolutionize many sectors and processes, and reshape every facet of society, from the way we work, consume, interact, and produce,” said Omar Moufti, product strategist for thematic and sector ETFs at BlackRock.

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