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Invesco Proposes Crypto Economy ETF
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)