The London Stock Exchange has launched trades focused on the ETF

Cryptomaniac
By March 11, 2019 16:10

On the London Stock Exchange (LSE) today (on Monday, March 11) an listing of the BlockChein ETF, proposed by the American investment company Invesco, was held. This information was reported by The Financial Times.

The product, called Invesco Elwood Global Blockchain ETF, is focused on investing in the blockade and crypt industry, including the well known Taiwan Semiconductor Manufacturing (TSMC) chip maker.

So the new ETF plans to invest in 46 companies, including the CME Group, Intel and AMD, a provider of regulated bitcoin futures. And the scoring system developed by Elwood Asset Management, in turn, determines the proportion of investment.

“We see that BlockCheck technology is increasingly used by companies offering financial services, but we expect it to be used more widely in a variety of industries,” said CEO Elwood Asset Management Bin Renn.

It should be noted that in the January press release, Invesco stated that as of December 31, 2018, the amount of assets under its management was $888.2 billion. Also in August last year the LSE held an IPO British mining company Argo Mining PLC. According to its results, it attracted £25 million (about 32.5 million).

Read also – Binance will close on March 12 for technical work

Cryptomaniac
By March 11, 2019 16:10