Invesco, a U.S. investment management firm with over $1 trillion in assets under management (AUM), has joined the growing list of firms looking to launch cryptocurrency-focused exchange traded funds (ETFs).
“The Fund will allocate its assets in the same proportion as the Underlying Index (i.e., under normal circumstances, the Fund will invest approximately 85% of its assets in securities of the Equity Component, 10% in the Futures Component and 5% in the ETP and Trust Component).”
“The Fund will not invest directly in cryptocurrencies or crypto assets directly and will not invest in initial coin offerings. The Fund may, however, have indirect exposure to crypto assets by virtue of its investments in companies that use one or more crypto assets as part of their business activities or that hold crypto assets as proprietary investments.”