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Invesco Proposes Crypto Economy ETF

From blockworks.co

Invesco has filed to launch an ETF that will invest primarily in companies entrenched in the crypto space, as well as up to 10% in bitcoin futures. The Atlanta-based $1.5 trillion asset manager revealed plans to launch the Invesco Galaxy Crypto Economy ETF, according to an SEC disclosure filed on June 9. The filing did not list a ticker or expense ratio for the proposed offering. The planned fund would seek to track the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Index, the preliminary prospectus states, investing at least 80% of its total assets in securities within the benchmark. An Invesco spokesperson ... (full story)

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  • Category: Fundamental Analysis