For the low cost of 0.39% p.a., institutional investors can now gain access to Bitcoin through our passive Invesco Physical Bitcoin exchange traded product (ETP). Our new ETP is 100% backed by physically held Bitcoin with the aim of delivering the price performance of Bitcoin (less annual fees).
Trades like shares on major regulated European stock exchange, with the liquidity of an ETP structure.
Institutional-grade custody and safekeeping with Zodia. Bitcoin holdings published daily on our website.
Benefit from Invesco’s expertise in ETPs and the support of best-in-class service providers.
Zodia Custody is a UK-based, FCA-registered cryptoasset custodian for institutional investors. Founded in January 2020, Zodia is majority owned by Standard Chartered Bank and minority owned by Northern Trust. The Bitcoin is held in highly secure and institutional grade, in favour of the Trustee on behalf of investors. Zodia Custody is responsible for the security of assets through cutting-edge technological innovation, cybersecurity, platform, and storage.
CoinShares, Europe’s largest and longest standing digital asset investment firm, is the index sponsor and serves as the execution agent for the Physical Bitcoin ETP. The value of the Bitcoin held by the ETP is determined by the CoinShares Bitcoin Reference Rate – 4pm Fixing1, which reflects real-time trade prices, recorded on a minute-by-minute basis, on the most liquid and reputable digital exchanges. The benchmark is calculated by Compass Financial Technologies, a BMR-registered benchmark provider.
1 Index calculated by Compass Financial Technologies.
The collapse of crypto exchange FTX has sent shock waves throughout the digital asset industry. It’s highlighted how unregulated the sector is. If you’re a professional investor, discover the importance of proper regulation in the industry and the challenges involved.
Central Bank Digital Currencies (CBDCs) are a digitalised fiat currency. Currently, 130 countries are actively researching CBDCs encompassing 98% of world GDP. Some smaller central banks in the Caribbean have already issued CBDCs, and China has continued its gradual expansion of its ‘Digital Yuan’ pilot project. So what’s the big deal?
Investing in cryptocurrencies is high risk. You should only invest in this product if you understand the risks associated with it. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should consult their professional advisers to ascertain the suitability of this product as an investment to their own circumstances.
The value of the product depends on the performance of the underlying investment. Cryptocurrencies do not have any intrinsic value and may become worthless.
Volatility Risk:
Cryptocurrencies are subject to extreme price volatility as evidenced by the large daily movements in the price of Bitcoin since its inception. Cryptocurrency markets do not close and so sudden price swings could occur at any time.
Risk of Hacking:
A hack of a depositary wallet could result in the loss of the main body of the underlying cryptoassets backing one or more series of certificates. Such a hack could result in a loss of value of the certificates for all the certificateholders of the affected series. Certificateholders of the affected series would risk losing their entire investment.
Liquidity Risk:
The product may be adversely affected by a decrease in market liquidity which may impair the ability to exchange cryptocurrencies into fiat currencies.
Regulation Risk in the Market of Cryptocurrencies:
The price of cryptocurrency can be affected by factors such as global or regional political conditions and regulatory or judicial events.
Index Warning
The index is calculated by Compass Financial Technologies. Compass Financial Technologies uses its best efforts to ensure that the index is calculated correctly. Notwithstanding its obligations towards CoinShares, Compass Financial Technologies SA has no obligation to point out errors in the index to third parties including without limitation to investors and/or financial intermediaries. The calculation, the publication and the dissemination of the index by Compass Financial Technologies SA does not constitute a recommendation by Compass Financial Technologies SA to invest capital in the securities nor does it in any way represent an assurance or opinion of Compass Financial Technologies SA with regard to any investment therein. Purchasers of the CoinShares are made aware, and accept, that index calculations are based on large quantities of data provided by third parties and are thus susceptible to errors, interruptions and delays.
This marketing communication is exclusively for use by professional investors in Continental Europe as defined below, Qualified Clients/Sophisticated Investors in Israel and Professional Clients in Ireland and the UK. This communication may also be used by financial intermediaries in the United States as defined below. It is not intended for and should not be distributed to the public.
Data as at 22 January 2024, unless otherwise stated. By accepting this material, you consent to communicate with us in English, unless you inform us otherwise. This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication.
Views and opinions are based on current market conditions and are subject to change. All investment decisions must be based only on the most up to date legal offering documents. The legal offering documents (Key Information Document (KID), Base Prospectus and financial statements) are available free of charge at our website www.invesco.eu and from the issuers.
Index: CoinShares and the CoinShares Astronaut are trademarks and/or service marks of CoinShares (Holdings) Limited and are licensed for use by Invesco. The CoinShares Group owns the proprietary rights in the CoinShares Hourly Reference Rates. The Product(s) are not sponsored, endorsed, sold, promoted or managed by CoinShares or its affiliated entities. The index is calculated by Compass Financial Technologies. Compass Financial Technologies uses its best efforts to ensure that the index is calculated correctly. Notwithstanding its obligations towards CoinShares, Compass Financial Technologies SA has no obligation to point out errors in the index to third parties including without limitation to investors and/or financial intermediaries. The calculation, the publication and the dissemination of the index by Compass Financial Technologies SA does not constitute a recommendation by Compass Financial Technologies SA to invest capital in the securities nor does it in any way represent an assurance or opinion of Compass Financial Technologies SA with regard to any investment therein. Purchasers of the CoinShares are made aware, and accept, that index calculations are based on large quantities of data provided by third parties and are thus susceptible to errors, interruptions and delays.
