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Invesco Plans Two Crypto-Focused ETFs

Atlanta-based Invesco is an investment management firm with $1.5 trillion in assets.

By Kevin Reynolds, Danny Nelson
AccessTimeIconJun 9, 2021 at 9:23 p.m. UTC
Updated Sep 14, 2021 at 1:09 p.m. UTC
Invesco
Invesco

Invesco plans two cryptocurrency-focused exchange-traded funds (ETFs), becoming the latest entrant into the field while approval of an actual bitcoin ETF by the U.S. Securities and Exchange Commission remains elusive.

  • Roughly 85% of the Invesco Galaxy Blockchain Economy ETF and the Invesco Galaxy Crypto Economy ETF will be in crypto-linked equities, according to a filing with the SEC. The rest of the portfolio will be in other trusts and funds that hold crypto.
  • The Invesco Galaxy Crypto Economy ETF will track the investment results of the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Index while the Galaxy Blockchain ETF will track the results of the Alerian Galaxy Global Blockchain Index.
  • The Invesco ETFs are just the latest ETFs set up by financial world to gain exposure to the world of cryptocurrencies while the companies wait for the SEC to approve an actual bitcoin ETF. Until recently this was viewed as likely this year but has become less so based on recent rhetoric out of Washington, D.C.
  • Invesco's funds may skirt the SEC's bitcoin ETF blockade by only investing indirectly in cryptocurrencies.
  • Atlanta-based Invesco is an investment management firm with $1.5 trillion in assets.

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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.

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