Invesco Taps Novogratz’s Galaxy Digital for Crypto ETF Push

  • Firms partnering to develop a ‘comprehensive suite’ of funds
  • Invesco executive says crypto recalls the early days of ETFs
Photographer: Michael Nagle/Bloomberg
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Invesco Ltd. is doubling-down on its push to become a pioneer in the yet-to-launch crypto exchange-traded fund universe.

The fourth-largest U.S. ETF issuer said Wednesday that it’s partnering with Michael Novogratz’s Galaxy Digital Holdings to develop a “comprehensive suite of U.S.-listed, physically backed, digital asset” funds.