• Latest
A Blockchain ETF Is Launching on the London Stock Exchange Today

A Blockchain ETF Is Launching on the London Stock Exchange Today

March 11, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

A Blockchain ETF Is Launching on the London Stock Exchange Today

coinnewsdaily by coinnewsdaily
March 11, 2019
in Business
0
A Blockchain ETF Is Launching on the London Stock Exchange Today
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Investment management company Invesco is launching a blockchain exchange-traded fund (ETF) on the London Stock Exchange today.

For the effort, Invesco has partnered with London-based Elwood Asset Management, an investment firm specializing in digital assets, to launch the product called the “Invesco Elwood Global Blockchain UCITS ETF.”

Elwood announced the news Monday, saying the ETF is designed to target companies with the potential to generate “real earnings” from blockchain technology.

Chris Mellor, head of EMEA (Europe, the Middle East and Africa) ETF equity product management at Invesco, said:

“The potential for blockchain to drive real earnings is huge, but it is often hidden within companies involved in other areas. This ETF offers investors access to companies with real earnings now, but with the added potential of blockchain-related earnings not reflected in their share prices.”

The ETF carries an annual management fee of 0.65 percent and aims to deliver the performance of the Elwood Blockchain Global Equity Index by “physically investing in the index constituents,” Elwood said in its statement.

The index, calculated for Elwood by German provider of financial indices Solactive AG, currently has a portfolio of 48 companies.

These include cryptocurrency chip-maker Taiwan Semiconductor Manufacturing Company (TSMC), bitcoin futures trading operator CME Group, South Korean messaging app giant Kakao, Japanese cryptocurrency exchange operator Monex Group, online retail giant Overstock, Signature Bank and Square.

The index’s sector allocations currently include information technology (46 percent), financials (23 percent), communication services (9 percent), and in materials and consumer discretionary sectors (8 percent), according to the announcement. The three largest geographical allocations are to the US (39 percent), Japan (29 percent) and Taiwan (12 percent).

Elwood CEO Bin Ren said: “We believe the potential for blockchain to change the global economy is greatly underappreciated in today’s market, much like the internet was in the beginning, when most people couldn’t see past its usefulness for email.”

Tags: app giantBusinessChris Mellorcommunication servicesCryptoCrypto BusinessOVERSTOCKTaiwan
Share76Tweet48
Previous Post

Deutsche Börse, Swisscom Team Up to Build Digital Asset ‘Ecosystem’

Next Post

Owner of Burj Khalifa, World’s Largest Building, Plans ICO

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
Owner of Burj Khalifa, World’s Largest Building, Plans ICO

Owner of Burj Khalifa, World's Largest Building, Plans ICO

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,582.00-2.33%
  • ethereumEthereum(ETH)$1,648.84-2.23%
  • tetherTether(USDT)$1.00-0.19%
  • binancecoinBNB(BNB)$327.291.94%
  • rippleXRP(XRP)$0.412067-0.84%
  • cardanoCardano(ADA)$0.401672-0.23%
  • dogecoinDogecoin(DOGE)$0.091582-4.19%
  • matic-networkPolygon(MATIC)$1.19-3.58%
  • okbOKB(OKB)$39.68-1.13%
  • solanaSolana(SOL)$24.38-4.42%
  • polkadotPolkadot(DOT)$6.580.37%
  • shiba-inuShiba Inu(SHIB)$0.0000120.37%
  • litecoinLitecoin(LTC)$99.90-1.53%
  • tronTRON(TRX)$0.0642900.85%
  • daiDai(DAI)$1.000.07%
  • cosmosCosmos Hub(ATOM)$14.52-3.05%
  • chainlinkChainlink(LINK)$7.14-1.98%
  • ethereum-classicEthereum Classic(ETC)$22.850.91%
  • moneroMonero(XMR)$173.86-3.15%
  • leo-tokenLEO Token(LEO)$3.370.21%
  • bitcoin-cashBitcoin Cash(BCH)$137.710.04%
  • stellarStellar(XLM)$0.092259-0.89%
  • filecoinFilecoin(FIL)$5.50-3.57%
  • crypto-com-chainCronos(CRO)$0.080749-1.75%
  • algorandAlgorand(ALGO)$0.2577160.43%
  • vechainVeChain(VET)$0.024385-2.47%
  • internet-computerInternet Computer(ICP)$5.81-4.87%
  • aaveAave(AAVE)$88.52-3.36%
  • eosEOS(EOS)$1.08-1.54%
  • elrond-erd-2MultiversX(EGLD)$45.011.13%
  • theta-tokenTheta Network(THETA)$1.08-1.48%
  • tezosTezos(XTZ)$1.10-1.11%
  • huobi-tokenHuobi(HT)$5.8812.96%
  • paxos-standardPax Dollar(USDP)$0.99-0.62%
  • bitcoin-cash-svBitcoin SV(BSV)$42.96-1.82%
  • havvenSynthetix Network(SNX)$2.50-4.99%
  • dashDash(DASH)$63.18-0.83%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.170.39%
  • iotaIOTA(MIOTA)$0.234821-0.95%
  • neoNEO(NEO)$8.833.09%
  • makerMaker(MKR)$672.68-0.50%
  • zcashZcash(ZEC)$46.11-3.42%
  • zilliqaZilliqa(ZIL)$0.0289530.23%
  • basic-attention-tokenBasic Attention(BAT)$0.269104-1.47%
  • compound-governance-tokenCompound(COMP)$52.94-6.32%
  • nemNEM(XEM)$0.0402201.04%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.150.93%
  • bitcoin-goldBitcoin Gold(BTG)$16.87-3.84%
  • sushiSushi(SUSHI)$1.5315.13%
  • qtumQtum(QTUM)$2.74-1.67%
  • wavesWaves(WAVES)$2.58-2.30%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,700.400.79%
  • golemGolem(GLM)$0.2492681.62%
  • omisegoOMG Network(OMG)$1.48-0.37%
  • ontologyOntology(ONT)$0.214685-1.50%
  • digibyteDigiByte(DGB)$0.010900-2.53%
  • umaUMA(UMA)$2.08-1.02%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%