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Invesco Launches ETFs Linked to Crypto, Blockchain

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Invesko app and bitcoins

 

Investment management firm Invesco Ltd. has rolled out two new exchange-traded funds (ETFs) linked to cryptocurrencies and blockchain companies, CoinDesk reported.

Invesco partnered with Galaxy Digital for the Invesco Alerian Galaxy Crypto Economy ETF under the ticker SATO. It will include exposure to blockchain and crypto mining firms.

It will also offer Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF under the ticker BLKC, which will track firms involved in the research and development of blockchain with no ties to digital tokens.

Both funds will trade on Cboe Global Markets, tracking two Alerian Galaxy Global indexes, and with exposure to an investment vehicle that directly holds physical cryptocurrencies.

Galaxy Digital Partner and Head of Asset Management Steve Kurz said the products allow investors to get involved in digital assets. IVZ is up 1.42%.

 

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