Bitcoin and Crypto Business increase New Global Blockchain ETF Trading on the London Stock Exchange

Atlanta-based independent investment management company Invesco, with USD 926 billion in November 2018, has launched a listed stock exchange (ETF) on the London Stock Exchange. Invesco Elwood Global Blockchain UCITS ETF was developed in collaboration with the UK based digital real estate company Elwood Asset Management.

ETF will give investors exposure to companies that generate profits directly from Bitcoin and crypto-related activities.

Initially, ETF will be used for investments in 48 companies listed on the Elwood Blockchain Global Equity Index.

The basket of companies includes Taiwan Semiconductor Manufacturing, a cryptographic producer of minerals; CME Group and CBOE, which launched Bitcoin futures trading in December 201[ads1]7; Payment Services Square, which reported $ 166 million in Bitcoin's sales in 2018 through its crypto-friendly Cash App; Samsung, which allegedly integrates a crypto record into its new Galaxy S10 model to support Ethereum; Ripple partner SBI Holdings, operator of new VC Trade crypto exchange; and overstock, operator of tZero, a blockchain-based bitcoin and crypto trading system.

Other major technology companies include Amazon, Apple, Intel, Microsoft and Rakuten.

Says Bin Ren, CEO of Elwood,

Blockchain has been around for a decade but many still see it as the technology behind crypto curve. However, the true potential can extend far beyond that. We are starting to see the technology used specifically by financial services, but we expect a greater use of blockchain technology across a number of industries. We believe that the potential for blockchain to change the global economy is greatly underappreciated in today's market, just as the internet was at the beginning, as most could not see past its ease of use for email. "

According to the announcement,

" ETF aims to deliver the performance of the Elwood Blockchain Global Equity Index by investing physically in the index components. The index provides exposure to global companies in developed and emerging markets that participate or are able to participate in the blockchain ecosystem. It is designed to evolve with the potential growth of blocking technology. "

The largest sectors of the index

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