The $800 Billion fund manager company Invesco has launched an Exchange Traded Fund (ETF) on the London Stock exchange that will be investing in 48 different companies that have exposure to Blockchain technology. The EFT will be investing in business such as microchip manufacturers, financial services companies, and IT firms that are using Blockchain technology. While the EFT will not be investing in actual Cryptocurrencies right now, it will have exposure to organizations that are building the infrastructure that Digital Assets require to gain wider adoption. While Invesco’s EFT will not be investing in Cryptos to trade Digital Assets, it is another sign of the importance that Blockchain is beginning to have on institutional investors.
As fund managers gain a better understanding of Blockchain and its ability to improve efficiency and profitability for companies, we expect to see more money finding its way into Digital Assets as the old barriers preventing asset managers buying into Digital Assets i.e. banking facilities, Professional Indemnity Insurance, independent custody services or regulated exchanges, are now being removed.
The infrastructure for fund managers is broadly in place. This is why we are now seeing more Security Tokens being launched and no doubt we will soon see new funds launched to invest in this NEW asset class.
