Today asset management firm Invesco announced the launch of two U.S. exchange-traded funds (ETFs) focused on digital assets and blockchain. The passively managed funds are based on two indices created by Galaxy Digital and Alerian S-Network Global Indexes. Invesco has $1.5 trillion in assets under management.
Much of the asset allocation will be in companies that have exposure to the sector, such as cryptocurrency miners, infrastructure firms and crypto buyers. However, it also includes investment in Trusts such as the Grayscale Bitcoin Investment Trust, which holds crypto directly.
The two ETFs, Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), are listed on Cboe Global Markets.
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