Invesco to launch Bitcoin ETP as institutional adoption grows

Rick Steves

Many major investors are looking to enter into Bitcoin via the ETP method as they believe that it is the easy and more regulated way to enter into the BTC market.

Invesco has announced it is launching a Bitcoin ETP, 100% backed by holdings in the underlying digital assets with the aim of delivering the price performance of Bitcoin, less a fixed 0.99% annual fee.

This is yet another move made by institutional market participants as part of the adoption of Bitcoin et al. Invesco is an independent investment management with $1,593.7 billion in assets on behalf of clients worldwide.

Invesco partners with CoinShares, Zodia, Northern Trust

The Invesco Physical Bitcoin ETP will be sponsored by CoinShares. The leading European digital asset investment firm will also serve as the execution agent for the Physical Bitcoin ETP.

As to custody, Bitcoins will be held on behalf of the Invesco ETP by Zodia Custody, a UK-based digital asset custodian, who are registered with the FCA as a Crypto Asset Business under UK Anti-Money Laundering Regulations.

Northern Trust, which will act as the administrator for the Invesco ETP, is a co-investor in Zodia Custody alongside SC Ventures, the innovation arm of Standard Chartered.

Bitcoin ETPs are hot

Bitcoin accounts for 42% of the US$2 trillion cryptocurrency market and is the most liquid asset within the space, with more than $2 billion worth of Bitcoins traded on digital exchanges around the world each day.

As the world wakes up to crypto, Bitcoin is usually a favorite for both retail and institutional investors. This explains the rise of Bitcoin ETPs all over the world.

In the UK, the first Bitcoin ETP was launched by the ETC Group and listed on the Aquis Exchange. The BTCE Bitcoin product was the to be available in the UK or any part of Europe and the trading is in GBP, EUR, CHF, and USD as well with the focus purely on the European traders.

Many major investors are looking to enter into Bitcoin via the ETP method as they believe that it is the easy and more regulated way to enter into the BTC market.

This also shows that the regulators are now looking into ETPs more seriously and more such products are likely to get approved in the future.

The BTCE product has already been a big hit among investors when it was listed at the XETRA platform of Deutsche Bourse and Swiss SIX exchange and it has been the top bitcoin ETP performer in 2021 which not only shows the continued institutional interest in bitcoin but also shows the potential that is there for other related crypto ETP products.

Read this next

Digital Assets

Kraken acquires TradeStation’s cryptocurrency business

Kraken, the second-largest U.S.-based cryptocurrency exchange, has acquired the cryptocurrency arm of online brokerage TradeStation.

Retail FX

The Funded Trader is back? Traders report account closures

Prop trading firm The Funded Trader has updated its website with a few banners, nearly three weeks after it ceased all operations, with claims for a relaunch in the near future. However, there was no official statement on the relaunch on its website, Discord channel, or social media accounts yet.

Executive Moves

NAGA lures former Tickmill compliance exec Loukia Matsia

NAGA Group, a provider of brokerage services, cryptocurrency platform NAGAX and neo-banking app NAGA Pay, appointed Loukia Matsia as their new Head of Compliance and Anti-Money Laundering (AML).


Explore 2024’s Top Cryptocurrencies: BlockDAG Leads With 30,000x ROI Potential, Among Surge Predictions For Bitcoin And Ethereum

Navigating the vast ocean of cryptocurrencies might feel overwhelming for many investors, whether seasoned or newbies.

Tech and Fundamental, Technical Analysis

EURUSD Technical Analysis Report 18 April, 2024

EURUSD currency pair can be expected to fall further toward the next support level 1.0600 (which reversed the price earlier this month).

Digital Assets

Binance ordered to remove Changpeng Zhao to get Dubai license

Binance, the world’s largest cryptocurrency exchange, has obtained a Virtual Asset Service Provider (VASP) license in Dubai.

Crypto Insider

Evolution and current state of global crypto adoption

Every four years, the crypto world gets hyped for the Bitcoin halving. Past halvings, like the one of May 2020, saw a massive increase in BTC transactions, which was driven by growing adoption and community involvement.

Digital Assets

Binance set to re-enter India with $2 million fine settlement

Binance, the world’s largest cryptocurrency exchange, is preparing to re-enter the Indian market after agreeing to pay a $2 million fine, according to a report by the Economic Times.


Over 1,000 Builders, Partners, Investors and Enthusiasts Gather at Inaugural Global Event to Celebrate Sui

Last week in Paris, over 1,000 blockchain enthusiasts from 65 countries gathered at the inaugural Sui Basecamp during Paris Blockchain Week. This milestone event showcased major announcements and drew a global community, highlighting Sui’s impactful strides in blockchain technology.