BlackRock has announced the launch of its new exchange-traded fund (ETF) as it seeks to capitalise on the success of the metaverse.

The venture capital behemoth’s investment platform, called iShare Metaverse UCITS, gives European clients targeted exposure to a wide variety of companies active in developing metaverse technologies. 

According to a statement released by BlackRock, the iShares Metaverse 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.”