Invesco launches two blockchain industry-focused ETFs

October 20, 2021

Invesco launches two blockchain industry-focused ETFs

One of the world's largest investment firms Invesco has launched two themed ETFs on the Chicago Board Options Exchange (CBOE). Both funds focus on the blockchain industry.

Invesco was partnered by cryptocurrency trading bank Galaxy Digital and data provider Alerian, which launched eight blockchain and digital asset-oriented indexes in August 2021.

  • The Invesco Alerian Galaxy Crypto Economy ETF (ticker symbol SATO) tracks the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts & ETPs Index. The fund basket will include blockchain and mining-related companies, including infrastructure solution developers.
  • Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) tracks the Alerian Galaxy Global Blockchain Equity, Trusts & ETPs Index. Its basket will include similar companies as well as non-cryptocurrency research and blockchain development firms.

Both ETFs also include a structure "that directly owns physical cryptocurrency," according to the press release.

"This is another opportunity for retail and institutional investors to participate in the rapidly evolving and transforming world of digital assets. We look forward to continuing to work with Invesco and Alerian," said Galaxy Digital's head of asset management Steve Kurtz.

As a reminder, Invesco applied for a bitcoin-based ETF in August.

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