Cryptocurrencies
Invesco Plans Crypto-Linked ETFs in Bid to Bypass SEC Aversion
- Pair of ETFs will primarily hold equities and other funds
- U.S. regulators have repeatedly delayed Bitcoin ETF approval
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Invesco is planning to launch a pair of cryptocurrency-focused exchange-traded funds, even as regulators have repeatedly delayed the approval of a U.S. Bitcoin ETF.
About 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 U.S. Securities and Exchange Commission. The rest of the portfolio will be in other trusts and funds that hold cryptocurrencies.