London Stock Exchange, launch pad for Blockchain ETF by Investment Firm Invesco

United States-based investment management company Invesco is launching a blockchain exchange-traded fund (ETF) on the London Stock Exchange (LSEG) today.


The Invesco Elwood Global Blockchain ETF will get hold of 48 companies involved with blockchain technology. The firms appointed through a proprietary scoring system developed by crypto investment boutique Elwood Asset Management.


The article cites Apple, chip manufacturer Intel, graphics processing unit’s manufacturer Advanced Micro Devices, mining hardware manufacturer Taiwan Semiconductor Manufacturing and United States exchange supporting Bitcoin futures CME Group as examples of companies included in the ETF.


Financial Times focused on that, blockchain is not as similar as decentralized cryptocurrencies, citing the JPM Coin, the stable-coin announced by JP Morgan Chase in February.


As Cointelegraph reported last month, U.S.-based Investment management firm AdvisorShares and investments advisory company Sabretooth Advisors announced they will partner up and launch an exchange-traded fund that tracks tech companies, including those involved with blockchain and cloud computing.


Also, at the end of January, the Chicago Board Options Exchange, investment company VanEck and financial services firm SolidX re-applied with the U.S. Securities and Exchange Commission (SEC) for a rule change to list a Bitcoin (BTC) ETF.

 

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