13.2 C
London
Friday, March 29, 2024
HomeBlockchainInvesco: Launching a Bitcoin ETP designed for sophisticated investors

Invesco: Launching a Bitcoin ETP designed for sophisticated investors

Date:

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

Related stories

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img