Invesco Launches ‘Physical’ Bitcoin ETP In Europe

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  • Invesco has launched a bitcoin exchange-traded product in Europe.
  • The Invesco Physical Bitcoin fund is listed on the Deutsche Boerse beneath the ticker image BTIC.
  • The providing is “physically”-backed by bitcoin and tracks the CoinShares reference worth index, minus charges.

Asset supervisor Invesco has launched a spot bitcoin exchange-traded product (ETP) in Europe, reported ETF Stream. The providing is “physically” backed by precise bitcoin and tracks the CoinShares Bitcoin Hourly Reference Rate index, in search of to ship the efficiency of BTC minus charges.

“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 listed methods at Invesco, instructed ETF Stream.





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