BlockchainBusiness

Invesco: Launching a Bitcoin ETP designed for sophisticated investors

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
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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