BlackRock, the world’s largest asset manager, has launched a new metaverse-focused ETF, joining the ilk of Roundhill Investments, ProShares and other ETF issuers to compete in an increasingly crowded space. rice field.
iShares future metaverse technology and Telecommunications ETFs (NY SEARCA: IVRS) provides investment community exposure to companies that provide both hardware and software used within the metaverse.
The Metaverse enables consumers to immerse themselves in interconnected virtual worlds through digital platforms, social media games, 3D software, and both augmented and virtual reality.
IVRS trades on the New York Stock Exchange and has an expense ratio of 0.47%, lower than most competing funds.
The four funds IVRS fights together include the Roundhill Ball Metaverse ETF (NYSEARCA:METV), ProShares Metaverse ETF (NYSEARCA:VERS), Subversive Metaverse ETF (PUNK), and Fidelity Metaverse ETF (FMET).
FMET is the only fund with a low expense ratio among the four funds, with a cost of 0.39%.
In terms of holdings, 22.66% of IVRS consists of only 4 shares. The top four holdings of IVRS include the Meta Platform (NASDAQ: Meta) held 6.19%, Apple (AAPL) 5.73%, Nvidia (NVDA) 5.53% and Roblox (RBLX) 5.21%.
BlackRock said of the Metaverse: “The investment opportunity is here and now.”