Invesco Lists Two Crypto ETFs With Galaxy Digital on the CBOE

The ETFs will track Alerian Galaxy Global indexes to give investors exposure to blockchain and crypto mining firms.

AccessTimeIconOct 7, 2021 at 12:00 p.m. UTC
Updated May 11, 2023 at 5:45 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Asset manager Invesco has introduced two exchange-traded funds (ETFs) with exposure to cryptocurrency and blockchain companies.

The Atlanta-based company is teaming up with digital asset firm Galaxy Digital and index provider Alerian for the Invesco Alerian Galaxy Crypto Economy ETF, which will trade on Cboe Global Markets under the ticker “SATO,” and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF, with the ticker “BLKC.”

  • Morgan Stanley May Allow Brokers to Pitch Bitcoin ETFs; 'Buy Bitcoin' Sign Auctioned for Over $1M
    01:55
    Morgan Stanley May Allow Brokers to Pitch Bitcoin ETFs; 'Buy Bitcoin' Sign Auctioned for Over $1M
  • Is Bitcoin a Safe-Haven Asset?
    00:57
    Is Bitcoin a Safe-Haven Asset?
  • Crypto Progress Is Not the Same as the Beginning of the Internet: Kara Swisher
    21:07
    Crypto Progress Is Not the Same as the Beginning of the Internet: Kara Swisher
  • How Saga's Chainlets Automate Layer 1s
    01:20
    How Saga's Chainlets Automate Layer 1s
  • The ETFs will track two Alerian Galaxy Global indexes. The SATO fund will include exposure to blockchain and crypto mining firms, while BLKC will track companies engaged in the research and development of blockchain technology not tied to cryptocurrency. Both will include exposure to an “investment vehicle that directly holds physical cryptocurrency,” Invesco said.

    The products “unlock another way for retail and institutional investors to get involved in the rapidly evolving and transformative world of digital assets,” said Steve Kurz, partner and head of asset management at Galaxy Digital.

    Earlier this year, Cboe Global Markets CEO Ed Tilly said he was looking to broaden the company’s return to cryptocurrency by introducing more products and possibly relisting bitcoin futures that were delisted in 2019.

    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.

    Tanzeel Akhtar

    Tanzeel Akhtar is a reporter based in London,UK.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.