The cryptocurrency industry has long been anticipating the launch of a Bitcoin (BTC) exchange-traded fund (ETF). However, while everyone is waiting for a Bitcoin ETF approval, an independent investment management company known as Invesco has announced the launch of the “world’s biggest blockchain-focused ETF.”
Invesco is headquartered in the United States, has branch offices in 20 different countries, and manages over $800 billion in client assets. Now, for a company first, Invesco is launching a blockchain-focused exchange-traded fund called the Invesco Elwood Global Blockchain ETF.
“World’s Biggest Blockchain-Focused ETF”
Per a press release by ZeroHedge, Invesco’s blockchain ETF began trading today, March 11, and consists of 48 different companies with exposure to blockchain technology.
Some examples of blockchain-related companies included in the ETF are overseas companies like Taiwan Semiconductor Manufacturing, as well as more established US-traded…