1.5 Trillion Asset Manager lists two Crypto ETFs
An American independent investment management company, INVESCO which is managing an estimated 1.5 Trillion Dollars in Assets teamed up with Galaxy Digital & Index provider Alerian for the Invesco alerian Galaxy Crypto Economy ETF. It will trade on CBOE Global Markets under the ticker SATO and the Invesco Alerian Galaxy Blockchain & Decentralised Commerce ETF with the Ticker “BLKC”
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.