ETFs

Invesco ties up with Galaxy Digital for crypto ETF

Firm aims to position itself to capitalise on the fervour around digital assets if and when regulators approve them

Invesco, one of the biggest operators of exchange-traded funds in the US, is making plans to roll out a lineup of funds backed by bitcoin and other cryptocurrencies.

The Atlanta-based asset manager plans to announce on 22 September that it is joining with Galaxy Digital Holdings, an upstart digital asset firm, to develop US-listed ETFs that hold and track the performance of bitcoin and other cryptocurrencies, yet trade like a stock.

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