Invesco Mutual Files for Blockchain Fund in India

The mutual fund will primarily invest in the company’s Elwood Global Blockchain UCITS ETF.

AccessTimeIconSep 8, 2021 at 6:11 a.m. UTC
Updated May 11, 2023 at 5:54 p.m. UTC

Invesco Mutual Fund filed with the Securities and Exchange Board of India to launch a mutual fund that invests in blockchain companies, according to the board’s website.

  • The mutual fund is “very high” risk and primarily invests in units of Invesco’s Elwood Global Blockchain UCITS overseas exchange-traded fund ETF, according to the filing.
  • The ETF has returned 82% in the past year, the Economic Times reported.
  • Atlanta-based Invesco applied with the U.S. Securities and Exchange Commission to list an ETF with bitcoin exposure.
  • How Upcoming Elections Around the World Could Impact the Crypto Industry
    07:47
    How Upcoming Elections Around the World Could Impact the Crypto Industry
  • How Upcoming Elections Around the World Could Impact the Crypto Industry
    07:47
    How Upcoming Elections Around the World Could Impact the Crypto Industry
  • What India's Controversial Crypto Tax Means for Investors
    00:51
    What India's Controversial Crypto Tax Means for Investors
  • India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Says
    11:40
    India Won't See Crypto or Web3 Bill for Another 18 Months, Senior Lawmaker Says
  • Disclosure

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

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Eliza Gkritsi

    Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI.


    Read more about