Invesco ($800 Billion AUM) Is Launching The “World’s Biggest Blockchain-Focused ETF” On The London Stock Exchange
The cryptocurrency industry has long been anticipating the launch of a Bitcoin (BTC) exchange-traded fund (ETF). However, while everyone is waiting for a Bitcoin ETF approval, an independent investment management company known as Invesco has announced the launch of the “world’s biggest blockchain-focused ETF.”
Invesco is headquartered in the United States, has branch offices in 20 different countries, and manages over $800 billion in client assets. Now, for a company first, Invesco is launching a blockchain-focused exchange-traded fund called the Invesco Elwood Global Blockchain ETF.
“World’s Biggest Blockchain-Focused ETF”
Per a press release by ZeroHedge, Invesco’s blockchain ETF began on, March 11, and consists of 48 different companies with exposure to blockchain technology.
Some examples of blockchain-related companies included in the ETF are overseas companies like Taiwan Semiconductor Manufacturing, as well as more established US-traded companies like Microsoft, Intel, Apple, and Advanced Micro Devices (AMD).
Invesco’s blockchain-focused ETF is not the first to market, but it is the biggest. According to ZeroHedge, a handful of blockchain-focused ETFs have launched in both Europe and the US, but have failed to attract significant investor capital.
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Appreciated @straighttalk.
This is a valuable information for crypto fans. It must be part of our general knowledge. But beyond that we should ask ourselves about the benefits of this great ETF for the smaller users.
How could we make an investment here?
PS: In the future be more careful with these warnings of these bots.
All best, Piotr.
Thanks @crypto.piotr!
Well for the smaller guys it means that the technology that underpins our most cherished cryptocurrencies is seeing greater acceptance across various industries especially the financial sector.
Investments in ETFs still follows the traditional methods. I would advice we should also hold cryptos in addition to ETFs.
Thank you for being always so responsive @straighttalk
I seriously love how mature your replies are :)
Yours
Piotr
You are more than welcome my great friend and thanks for the compliments -;)
Hi @straighttalk
You keep posting really quality content. Perhaps you could always send me memo with link to your publication and 2-3 sentences description ? I will gladly support you with upvote, will drop a comment.
Especially if your publication will be related to crypto,blockchain,AI, economy or psychology (just don't send me memos like every day hehe)
And if I will have some time then I will also share your publication with my larger audience and will help you get some extra traffic.
Please keep in mind, that you can count on my help (whenever I can support you, I will) :)
Cheers
Piotr
Thanks great friend!