Indian investors will now get exposure to global companies in the blockchain ecosystem as the Securities and Exchange Board of India greenlighted the Invesco CoinShares Global Blockchain ETF Fund of Fund (FoF).

Fast facts

  • The feeder fund will invest in the Invesco CoinShares Global Blockchain UCITS exchange-traded fund (ETF), formerly known as Invesco Elwood Global Blockchain UCITS ETF. The name changed when CoinShares acquired the ETF from Elwood in July. The fund holds investments in Canada-based Bitcoin miner Bitfarms, U.S. crypto exchange Coinbase and the world’s biggest corporate Bitcoin holder, MicroStrategy.
  • The Invesco CoinShares Global Blockchain ETF FoF will be open for offering between Nov. 24 and Dec. 8.
  • “As blockchain technology is still in its early days, the potential for changing the global economy is immense. Like the internet, blockchain presents an opportunity for investors who can capture this hidden potential,” Invesco said in a product document.