Invesco Defers Launch of Blockchain ETF in India

The fund manager cited regulatory uncertainty; India’s government is discussing new crypto legislation.

AccessTimeIconNov 18, 2021 at 6:51 a.m. UTC
Updated May 11, 2023 at 4:09 p.m. UTC

Invesco is deferring the launch of a blockchain exchange-traded fund (ETF) in India due to regulatory uncertainty, the company said in a press release on Wednesday.

  • Indian lawmakers have been meeting with representatives from the crypto industry in the past few days to mull a new legislative framework for crypto.
  • The fund manager said that in light of these ongoing discussions, it is important to understand all aspects before making long-term investment decisions.
  • CoinShares and Invesco Asset Management India were set to launch the vehicle between Nov. 24 and Dec. 8 this year.
  • The fund would not directly invest in bitcoin or crypto, but on an index of 50 listed companies with crypto exposure, such as Galaxy Digital and Tesla.
  • Invesco halted its effort to launch a bitcoin futures ETF in the U.S. in October, just a day before its competitor ProShares opened the first bitcoin futures ETF started trading on the New York Stock Exchange.
  • 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