European digital asset investment firm CoinShares has bought an ETF index business that helps power blockchain-exposed trackers for global fund managers such as Invesco.
The business from Elwood Technologies operates the Invesco Blockchain ETF, which has accrued more than $1bn in assets since its inception in 2019. The equity research unit of Elwood, which is backed by crypto investor and billionaire Alan Howard, will also join CoinShares as part of the transaction.