Invesco Launches Bitcoin Spot ETP, Marking a Major Move in European Crypto Market

Invesco, a US investment company with over $1 trillion in assets under its management, is officially entering the European cryptocurrency exchange-traded product (ETP) space. The financial giant is partnering with Coinshares to launch its first European product: a spot Bitcoin ETP. This move signals a significant expansion for Invesco and provides European investors with easier access to Bitcoin.

Invesco Physical Bitcoin ETN Listed on Deutsche Boerse\'s Xetra

Exchange-traded fund giant Invesco has launched a spot Bitcoin product on the German Deutsche Borse. On November 29th, Deutsche Boerse officially announced the listing of the Invesco Physical Bitcoin ETN on its digital exchange, Xetra. The new product will trade under a specific ticker symbol [insert ticker if known, otherwise leave blank] offering investors a regulated and secure way to gain exposure to Bitcoin\'s price movements.

What Makes Invesco\'s Bitcoin ETP Unique?

The Invesco Physical Bitcoin ETN is "physically" backed by actual Bitcoin. This means Invesco directly holds Bitcoin corresponding to the value of the ETN, providing a 1:1 correlation. This physical backing differentiates it from synthetic Bitcoin ETFs, which rely on derivatives. Invesco is taking its first steps in the cryptocurrency exchange-traded product (ETP) space in Europe with the launch of a bitcoin strategy.

The offering is “physically” backed by actual Bitcoin, providing investors with direct exposure to the digital asset. The new product will be an exchange-traded note (ETN) that allows European investors to participate in the performance of Bitcoin without directly owning the cryptocurrency.