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Invesco Lists Two Crypto ETFs With Galaxy Digital on the CBOE
The ETFs will track Alerian Galaxy Global indexes to give investors exposure to blockchain and crypto mining firms.
Asset manager Invesco has introduced two exchange-traded funds (ETFs) with exposure to cryptocurrency and blockchain companies.
The Atlanta-based company is teaming up with digital asset firm Galaxy Digital and index provider Alerian for the Invesco Alerian Galaxy Crypto Economy ETF, which will trade on Cboe Global Markets under the ticker “SATO,” and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF, with the ticker “BLKC.”
STORY CONTINUES BELOW
The ETFs will track two Alerian Galaxy Global indexes. The SATO fund will include exposure to blockchain and crypto mining firms, while BLKC will track companies engaged in the research and development of blockchain technology not tied to cryptocurrency. Both will include exposure to an “investment vehicle that directly holds physical cryptocurrency,” Invesco said.
The products “unlock another way for retail and institutional investors to get involved in the rapidly evolving and transformative world of digital assets,” said Steve Kurz, partner and head of asset management at Galaxy Digital.
Earlier this year, Cboe Global Markets CEO Ed Tilly said he was looking to broaden the company’s return to cryptocurrency by introducing more products and possibly relisting bitcoin futures that were delisted in 2019.
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
