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Invesco Plans Crypto-Linked ETFs in Bid to Bypass SEC Aversion

June 9, 2021, 8:32 PM

Invesco is planning to launch a pair of cryptocurrency-focused exchange-traded funds, even as regulators have repeatedly delayed the approval of a U.S. Bitcoin ETF.

About 85% of the Invesco Galaxy Blockchain Economy ETF and the Invesco Galaxy Crypto Economy ETF will be in crypto-linked equities, according to a filing with the U.S. Securities and Exchange Commission. The rest of the portfolio will be in other trusts and funds that hold cryptocurrencies.

The SEC has delayed making a decision on the pileup of Bitcoin ETF applications, though odds of approval this year have faded after skeptical comments from new Chairman ...

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