HomeCoinsBitcoin (BTC)Invesco Launches Physical Bitcoin ETP in Europe

Invesco Launches Physical Bitcoin ETP in Europe

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Invesco Launches Physical Bitcoin ETP in Europe

  • Invesco has launched a bitcoin exchange-traded product in Europe.
  • The Invesco Physical Bitcoin fund is listed on the Deutsche Boerse under the ticker symbol BTIC.
  • The offering is “physically”-backed by bitcoin and tracks the CoinShares reference price index, minus fees.

Asset manager Invesco has launched a spot bitcoin exchange-traded product (ETP) in Europe, reported ETF Stream. The offering is “physically” backed by actual bitcoin and tracks the CoinShares Bitcoin Hourly Reference Rate index, seeking to deliver the performance of BTC minus fees.

“In the last two to three years, we have been trying to structure a product that looked, from an institutional point of view, as close as possible to a traditional ETF like our gold structure, and that has been the driver of BTIC’s timeline,” Gary Buxton, head of EMEA ETFs and indexed strategies at Invesco, told ETF Stream.



First published here

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