In a press statement, Invesco said that the products dubbed Invesco Alerian Galaxy Crypto Economy ETF (SATO) and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) will offer exposure to global public companies. Furthermore, the products that are live starting today, October 7th, in the United States are also available for select investment vehicles in the crypto space. The ETFs have been listed on the Cboe Global Markets.
ETFs to track companies in crypto business
Upon listing, the Invesco Alerian Galaxy Crypto Economy ETF (SATO) will track the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts & ETPs Index. It will also offer exposure to companies participating in the cryptocurrency and blockchain space. It targets companies like cryptocurrency miners, cryptocurrency infrastructure technologies, and cryptocurrency buyers. Elsewhere, the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) tracks the Alerian Galaxy Global Blockchain Equity, Trusts & ETPs Index while offering similar access to firms under SATO. Furthermore, the two Invesco ETFs seek to sustain an investment vehicle that directly holds physical cryptocurrency, making it the largest ETF producer in the U.S. dedicated to holding. As we previously reported, plans for the ETF rollout first emerged a few weeks ago, with Invesco announcing it will be partnering with Galaxy Digital Holdings, a start-up digital asset business. Invesco currently has over $1.3 trillion in assets under management to rank as one of the largest ETFs providers. [coinbase]
