Invesco MF has filed the necessary paperwork for India’s first blockchain fund

0
3370

Invesco Mutual Fund filed paperwork with India’s Securities and Exchange Commission on September 8 to invest in the Invesco Elwood Global Blockchain UCITS Exchange Traded Fund (ETF).

The fund’s primary goal is to invest in blockchain-listed firms in both existing and developing regions. The yearly return rate of the Invesco Elwood Global Blockchain ETF was as high as 82 percent last year, according to the “Economic Times” article.

Even though blockchain technology and cryptocurrencies are closely connected, there are some distinctions. For example, immutability, encryption, and distributed storage are all essential properties of blockchains, which, when combined, allow for safe peer-to-peer transactions and have provided the tools to eliminate human reliance on credit and, therefore, have provided the tools to eliminate human reliance on credit, credit intermediaries.

As a result, bitcoin mining hardware, technical operations, financial services, and payment systems use blockchain technology.

According to Invesco’s official description, the Invesco Elwood Worldwide Blockchain UCITS ETF is a product that tracks the global stock index’s net total return performance (“reference index”).

At the airport, technology offered by Germany-based index provider Solactive AG and Elwood Asset Management, a digital asset investment firm, calculates and distributes this sort of reference index.

The Invesco Elwood Global Blockchain Exchange Traded Fund charges a 0.65% management fee.

LEAVE A REPLY

Please enter your comment!
Please enter your name here