Invesco is launching a Bitcoin ETP 100% backed by holdings in the underlying digital assets, with the aim of delivering the price performance of Bitcoin.
Bitcoin (BTC) accounts for 42% of the $2trn cryptocurrency market and, with more than $2bn worth of Bitcoins traded on digital exchanges around the world each day, it is the most liquid. The Invesco Physical Bitcoin ETP has a fixed 0.99% annual fee. Bitcoins will be held on behalf of the Invesco ETP by Zodia Custody, a UK-based digital asset custodian, which is registered with the FCA as a Crypto Asset Business under UK Anti-Money Laundering Regulations. Zodia Custody was incubated by SC Ventures, the innovation arm of Standard Chartered. Northern Trust is a co-investor in Zodia Custo...
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