Asset manager Invesco has introduced two exchange-traded funds (ETFs) with exposure to cryptocurrency and blockchain companies.
The Atlanta-based company is teaming up with digital asset firm Galaxy Digital and index provider Alerian for the Invesco Alerian Galaxy Crypto Economy ETF, which will trade on Cboe Global Markets under the ticker “SATO,” and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF, with the ticker “BLKC.” Trading starts at 9:30 am ET.
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 its return to cryptocurrency by introducing more products and possibly re-listing bitcoin futures, which were delisted in 2019 after two years.
Read more: Invesco Files With SEC for Bitcoin Strategy ETF
