Invesco Launches Blockchain ETF On London Stock Exchange.

Invesco Launches Blockchain ETF On London Stock Exchange.

2019-03-11 | Robin Williams

Invesco Launches Blockchain ETF On London Stock Exchange.

In line with a recent news report published by ‘Financial Times’, Invesco - A U.K. based investment management firm is expected to launch a blockchain ETF [Exchange Traded Fund] on the LSEG [London Stock Exchange].

In line with the article, the Invesco Elwood Global Blockchain ETF is expected to initially target 48 other companies involved with the 'blockchain' technology. The corporations were reportedly chosen via a proprietary scoring system developed by cryptocurrency investment boutique ‘Elwood Asset Management.’

Moreover, the article further cites Apple, chip manufacturer Intel, renowned GPU manufacturer Advanced Micro Devices, Taiwan Semiconductor manufacturer and U. S. exchange supporting Bitcoin futures CME group as  examples of firms enclosed within the ETF.

Financial Times additionally points out that blockchain isn't similar with decentralized cryptocurrencies, citing the JPM Coin, the 'stablecoin' 'proclaimed' by JPMorgan Chase in Feb.

As 'reported' earlier last month, United States based Investment management firm AdvisorShares and investments informative company ‘Sabretooth Advisors’ proclaimed that they're going to collectively launch an exchange-traded fund that tracks tech. firms, along with those committed blockchain and cloud computing.

Also earlier in Jan., the CBOE [Chicago Board Options Exchange], investment firm VanEck and financial services firm SolidX 're-applied' with the Unites States SEC [Securities and Exchange Commission] for a rule amendment to list a Bitcoin [BTC] based ETF [Exchange Traded Fund].

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