Invesco Mutual Files for Blockchain Fund in India

Invesco Mutual Fund filed with the Securities and Exchange Board of India to launch a mutual fund that invests in blockchain companies, according to the board’s website.

• The mutual fund is “very high” risk and primarily invests in units of Invesco’s Elwood Global Blockchain UCITS overseas exchange-traded fund ETF, according to the filing.
• The ETF has returned 82% in the past year, the Economic Times reported.
• Atlanta-based Invesco applied with the U.S. Securities and Exchange Commission to list an ETF with bitcoin exposure.

Read more:Invesco Files With SEC for Bitcoin Strategy ETF