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Invesco launches thematic equity ETFs on digital assets and blockchain in the US

07 Oct 2021 : 13:28
2 min read
  • Invesco has announced the launch of two passively managed exchange-traded funds (ETFs) focused on digital assets and blockchain
  • The first ETF will provide investors with exposure to companies operating in both the cryptocurrency and blockchain sectors, including cryptocurrency miners and companies
  • The second ETF will also offer a segment of companies involved in researching and developing blockchain technology that is not directly related to cryptocurrencies

Invesco has announced the launch of two passively managed exchange-traded funds (ETFs) focused on digital assets and blockchain.

Two new exchange-traded funds

The Invesco Alerian Galaxy Crypto Economy ETF plans to track the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts & ETPs Index. This will provide investors with exposure to companies operating in both the cryptocurrency and blockchain sectors, including cryptocurrency miners, cryptocurrency infrastructure technologies companies, and companies that have bought cryptocurrencies.

The Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF, on the other hand, will track the Alerian Galaxy Global Blockchain Equity, Trusts & ETPs Index and provide access to the same companies as SATO. It will also offer a segment of companies involved in researching and developing blockchain technology that is not directly related to cryptocurrencies.

An Investment vehicle that directly holds cryptocurrencies

Notably, both ETFs will additionally maintain an allocation to an investment vehicle that directly holds physical cryptocurrencies. This is the largest such dedicated holding currently available in an ETF in the US. The underlying indexes are a partnership between Alerian S-Network Global Indexes, an index provider focused on developing innovative index-based investment strategies, and Galaxy Digital Holdings Ltd.

“The product unlocks another way for retail and institutional investors to get involved in the rapidly evolving and transformative world of digital assets,” said Steve Kurz, partner and head of asset management at Galaxy Digital.


About Author

Stan Colenbrander

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Stan is the head of news and podcast host at Cryptonary. He was formerly a member of the Cryptonary Pro community. In early 2021, he decided to drop out of journalism school at university to pursue journalism in real life and make an impact in the crypto space. . His areas of interest include the NFT industry, decentralised finance, and crypto start-ups.

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