Seeking Alpha
2021-06-10 13:14:22

Invesco plans to launch two crypto-based ETFs

dulezidar/iStock Editorial via Getty Images Invesco has filed paperwork on a preliminary prospectus with the U.S. Securities Exchange Commission to launch the Invesco Galaxy Crypto Economy ETF and the Invesco Galaxy Blockchain Economy ETF. Furthermore, both ETFs will be set to trade on the Cboe BZX Exchange under ticker symbols that are yet to be disclosed. Per the prospectus, below is a complete breakdown of the investment objectives of both exchange traded funds and indices they plan to track. Invesco Galaxy Crypto Economy ETF seeks to invest at least 80% of its total assets in the securities that track the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Index. Invesco Galaxy Blockchain Economy ETF seeks to invest at least 80% of its total assets in the securities that track the Alerian Galaxy Global Blockchain Index. Both Invesco Galaxy Crypto Economy ETF and Galaxy Blockchain Economy ETF have investment objectives aligned to fit the following

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