Invesco: Launching a Bitcoin ETP designed for sophisticated investors
- Invesco is launching a Bitcoin ETP designed for sophisticated investors
- Physical Bitcoin ETP will be 100% backed by holdings in the underlying digital assets
- Bitcoin (BTC) accounts for 42% of the US$2 trillion cryptocurrency market and, with more than $2 billion worth of Bitcoins
- Bitcoins will be held on behalf of the ETP by Zodia Custody, a UK-based digital asset custodian
- Zodia Custody was incubated by SC Ventures, the innovation arm of Standard Chartered
- Northern Trust is a co-investor in Zodia Custody and the administrator for the ETP
