Invesco Partners with Galaxy Digital for Crypto ETFs
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Invesco, one of the largest independent global investment management firms, in a partnership with Mike Nogoratz's Galaxy Digital has launched two passively managed exchange-traded funds (ETFs) focused on cryptocurrencies and blockchain.

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The firm said in a press release that the Invesco Alerian Galaxy Crypto Economy ETF (SATO) and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) will offer exposure to public companies that are mainly engaged in the cryptocurrency spaces like miners, infrastructure technologies and crypto buyers. The ETFs are available on Cboe Global Markets.

"Today's launch opens up a new way for investors to access this fast-growing asset class, combining exposure to key companies in the cryptocurrency and blockchain ecosystem with an allocation to an investment vehicle that directly holds digital assets, all within the ETF wrapper," said John Hoffman, Head of Americas, ETFs & Indexed Strategies at Invesco.

SEC Delayed 4 Bitcoin-ETF Applications at Least to November

The move comes after U.S. Bank, an American bank holding company, launched cryptocurrency custody services to its Global Fund Services clients.

The Minneapolis-based company said the services are focused on institutional investment managers with private funds in the US or Cayman Islands who would like a "safekeeping solution" for bitcoin (EXANTE: Bitcoin) and other coins in the foreseeable future. The bank offers services in a partnership with NYDIG.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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