Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Bitkoin and Crypto Business Stimulate New Global Trading on the London Stock Exchange ETF

Bitkoin and Crypto Business Stimulate New Global Trading on the London Stock Exchange ETF

Invesco-based independent investment company Invesco, with $ 926 billion in management since November 2018, has launched an ETF on the London Stock Exchange. The Global UCITS ETF of Invesco Elwood Global was developed in partnership with the UK-based Digital Asset Management Company Elwood Asset Management. will initially be used to invest in 48 companies included in the Elwood Blockchain global index

The company's basket includes Taiwan Semiconductor Manufacturing, a cryptographic chip maker; CME Group and Cboe, which launched Bitcoin Futures Trading in December 2017; Payment Processing Company Square, which reported $ 166 million in sales of Bitcoin in 2018 through its Crypto-friendly Cash App; Samsung, which reportedly integrated an encrypted portfolio into its new Galaxy S1

0 to support Ethereum; RIPLE partner of SBI Holdings, operator of new cipher exchange VC Trade; and Overstock, a tZero operator based on a block-of-beat and a crypto-trading system.

Other major technology companies include Amazon, Apple, Intel, Microsoft, and Rakuten.

Says Bin Ren, CEO of Elwood, Blockchain has been in existence for decades, but many people still see it just as a technology behind cryptobultures. However, the real potential can go far beyond that. We are starting to see the technology used by financial services companies in particular, but we expect more application of blockchain technology across a wide range of industries. We believe that the potential of the blockage to change the global economy is too underestimated in today's market, like the Internet at the beginning, when most people could not see its usefulness for e-mail. "

According to the Communication,

" The ETF aims to ensure the Elwood Blockchain Global Index is implemented through physical investing in the constituent elements of the index. The index provides exposure to global companies in developed and emerging markets that are or have the potential to participate in the blockchain ecosystem. It is designed to develop with the potential growth of the blockchain technology.

Largest Sectors of the Index

Source link