Issuer of the Largest Blockchain ETF Plans to Launch Comprehensive Crypto Products
[ChainDD report] March 14 (ChainDD) Bin Ren, CEO of a U.K. asset manager Elwood Asset Management, told Bloomberg that his company plans to launch a series of products to attract big institutional investors into digital assets, and the new regulated products will cover “the full spectrum crypto-assets”.
Ren said most of institutional investors are staying away from cryptocurrency for its unclear regulation outlook and concerns of money-laundering and market manipulation. Hence, blockchain related products seem easier to sell. But Elwood plans to develop and trade digital assets related investments, and could eventually offer cryptocurrencies exposures such as Bitcoin (BTC) and Ether (ETH).
ChainDD noted that the Invesco Elwood Global Blockchain ETF, the largest blockchain ETF co-launched by Elwood and Invesco, began to trade on London Stock Exchange from March 11. The ETF focuses on emerging technologies and invests 48 companies, including some of mature U.S. listed firms such as Taiwan Semiconductor Manufacturing, Microsoft and Intel.