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25 June 2021

Invesco Joins ETF Hopefuls After Filing Two Crypto Applications

Invesco Joins ETF Hopefuls After Filing Two Crypto Applications


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Unlike proposed ETFs that would actually hold cryptocurrency on their balance sheets,Invesco’s ETFs will offer investors exposure to cryptocurrency at one remove, through exposure to equities adjacent to the crypto industry such as cryptocurrency mining firms and companies that hold Bitcoin and other cryptoassets. 

The Bitwise Crypto Industry Innovators ETF comprises a basket of crypto companies and companies holding cryptocurrencies on their balance sheets

According to Invesco’sfiling, 85% of both its ETFs will invest in securities of companies that mine cryptocurrencies, crypto-enabling technologies, and those that hold cryptocurrencies on their balance sheets, such as Square, Tesla, and Microstrategy. 

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