CoinShares to Buy Elwood's ETF Index Business for $17M

The purchase also gives CoinShares access to Elwood’s equity-research team.

AccessTimeIconJul 6, 2021 at 8:00 a.m. UTC
Updated Sep 14, 2021 at 1:21 p.m. UTC

CoinShares, Europe's largest digital asset investment firm, said it agreed to buy Elwood Technologies’ exchange-traded fund (ETF) index business for $17 million in shares.

  • The ETF business has a partnership with Invesco through the Invesco Elwood Global Blockchain Equity UCITS ETF, which has more than $1 billion of assets, CoinShares said in a statement.
  • The purchase also gives CoinShares Elwood’s equity-research team, which focuses on digital asset companies.
  • Elwood Asset Management is owned by and manages the person digital assets of billionaire investor Alan Howard.
  • Following the disposal to CoinShares, Elwood will focus on providing technology infrastructure for the digital assets market, CEO James Stickland said in the statement.
  • Elwood partner Invesco – an Atlanta-based investment-management firm with $1.5 trillion in assets – filed two crypto-focused ETFs for approval by the U.S. Securities and Exchange Commission last month.

Read more about


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


CoinDesk - Unknown
Brutal Month for Bitcoin as June Ends With Biggest Drop in 11 Years

Crypto markets saw heavy losses with investors increasingly worried about high inflation and Federal Reserve rate increases. Some analysts say the bitcoin price could go even lower.

CoinDesk - Unknown
CoinDesk - Unknown
Ignite CEO Peng Zhong Announces Departure Shortly After Re-Organization

Zhong’s exit comes weeks after the company’s former CEO, Jae Kwon, said he is re-joining the company as the CEO of spinoff New Tendermint.

CoinDesk - Unknown
CoinDesk - Unknown
DAOs Are the New Way of Impact Work

"Impact DAOs" are at the forefront of new culture of work that asks us to move towards aligning our values with our actions, says the co-founder of Gitcoin.

CoinDesk - Unknown
CoinDesk - Unknown
Sun Token
CoinDesk - Unknown