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Finance

Invesco Mutual Files for Blockchain Fund in India

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

By Eliza Gkritsi
AccessTimeIconSep 8, 2021 at 6:11 a.m. UTC
Updated May 11, 2023 at 5:54 p.m. UTC
(Naveed Ahmed/Unsplash)

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.
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    Eliza Gkritsi
    Eliza Gkritsi

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

    Follow @egreechee on Twitter
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