Trading on the crypto industry ETF

On Monday, March 11, the blockchain-ETF, proposed by the American investment company Invesco, was listed on the London Stock Exchange (LSE). About this writes The Financial Times.

A product called Invesco Elwood Global Blockchain ETF is focused on investments in companies from blockchain and cryptoindustry, including the well-known mining chip manufacturer Taiwan Semiconductor Manufacturing (TSMC).

In total, the new ETF plans to invest in 46 companies, among which are also called the supplier of regulated bitcoin futures CME Group, Intel and AMD. The proportions of investments are determined by the scoring system developed by the investment company Elwood Asset Management.

“We see that blockchain technology is increasingly used by companies offering financial services, but we expect it to be more widely used in a wide variety of industries, ” said Bin Rehn, CEO of Elwood Asset Management.

In a press release in January, Invesco said that as of December 31, 2018, the assets under its management were $ 888.2 billion.

Recall that last August an IPO of the British mining company Argo Mining PLC took place on the LSE. According to his results, she raised £ 25 million (about $ 32.5 million).

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