Invesco, a U.S. investment management firm with over $1 trillion in assets under management (AUM), has joined the growing list of firms looking to launch cryptocurrency-focused exchange traded funds (ETFs).
In an SEC filing on Wednesday (June 9, 2021), Invesco revealed that it was planning to launch two crypto-based ETFs. They include the Invesco Galaxy Crypto Economy ETF and the Invesco Galaxy Blockchain Economy ETF.
According to an excerpt from the document:
“The Fund will allocate its assets in the same proportion as the Underlying Index (i.e., under normal circumstances, the Fund will invest approximately 85% of its assets in securities of the Equity Component, 10% in the Futures Component and 5% in the ETP and Trust Component).”
While most applications seek to directly invest in cryptocurrency, Invesco’s does not seek a direct crypto investment.
“The Fund will not invest directly in cryptocurrencies or crypto assets directly and will not invest in initial coin offer
Źródło: https://cryptopotato.com/invesco-plans-to-launch-two-crypto-based-etfs/
