Investment Firm Invesco Unveils Blockchain ETF on London Stock Exchange
Invesco, a UK-based investment management firm, is introducing a blockchain exchange-traded fund (ETF) today on the London Stock Exchange (LSEG), according to media news outlet Financial Times.
According to the article, 48 firms operating in the blockchain technology arena will be the focus of the Invesco Elwood Global Blockchain ETF. The firms were supposedly picked through a tailor made scoring system created by a boutique crypto investment firm Elwood Asset Management.
Some of the companies listed in the ETF include Apple, graphics processing units manufacturer Advanced Micro Devices, mining hardware manufacturer Taiwan Semiconductor Manufacturing, chip manufacturer Intel and United States exchange supporting Bitcoin futures CME Group.
By referring to the stable coin, JPM Coin, which was introduced by JP Morgan, Financial Times highlights the fact that blockchain does not mean only decentralized cryptocurrencies.
It can be remembered that the US based investment management company AdvisorShares and Sabretooth Advisors, an investments advisory firm, have announced that they will partner together to introduce an ETF (exchange-traded fund) that monitors tech firms, including those operating in cloud computing and blockchain domain.
By the end of January, the Chicago Board Options Exchange, SolidX, a financial service provider, and VanEck, an investment firm, re-applied with the US SEC (Securities and Exchange Commission) requesting an amendment to the rule and list a Bitcoin (BTC) ETF.