US-based company Invesco plans to launch two exchange-traded funds related to cryptocurrencies and blockchain, while the US regulator continues to postpone approval of cryptocurrency ETFs.
According to a filing with the US Securities and Exchange Commission (SEC), approximately 85% of the ETFs of the Invesco Galaxy Blockchain Economy and Invesco Galaxy Crypto Economy ETFs will be dedicated to shares of cryptocurrency and blockchain-related companies. The rest of the portfolio will be in other trusts and funds holding cryptocurrency.
The Invesco Galaxy Crypto Economy ETF will track the investment performance of the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Index, and the Galaxy Blockchain ETF will track the Alerian Galaxy Global Blockchain Index.
Invesco ETFs will join the ranks of ETFs associated with crypto and blockchain-focused companies. Recall that in May, Bitwise launched an ETF that tracks the shares of leading cryptocurrency firms and companies with liquid cryptoassets worth $ 100 million or more on the balance sheet. Currently, the regulator is considering applications for the launch of ETFs from WisdomTree and VanEck.
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