Invesco, an American investment management company that is traded on the S&P 500, has launched an exchange-traded fund (ETF) targeting companies operating in the distributed ledger technology sector. The blockchain ETF will track nearly 50 companies that stand to benefit from growth in the distributed ledger technology industry including Taiwan Semiconductor Manufacturing Company and Apple.
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Invesco Launches Blockchain ETF
The Invesco Elwood Global Blockchain UCITS ETF commenced trading on the London Stock Exchange on Monday, March 11. The index is calculated by Solactive AG for Elwood Asset Management.
The fund targets 48 companies that Invesco believes stand to generate significant earnings from the growth of the distributed ledger technology industry. The companies included in the Invesco Global Blockchain UCITS ETF were determined by a proprietary scoring system developed by Elwood.
Chris Mellor, the head of ETF equity product…