SEC Delays as More Advisers Plan Bitcoin ETFs; Lawyers Discuss How Funds Might Invest

According to a Bloomberg report, Invesco is planning to launch two ETFs focused on cryptocurrency although the SEC has yet to approve several applications for Bitcoin ETFs seeking regulatory greenlight. Bloomberg reports that about 85% of the Invesco ETFs will be invested in crypto-linked equities and the remainder of the portfolio will be in other trusts and funds that hold cryptocurrencies. The SEC, meanwhile, has delayed giving Van Eck approval for its proposed Bitcoin ETF trust and has asked the public to comment on the adviser’s proposal. As more firms step into the digital assets arena, directors may have questions on how these investments work practically. In a recent podcast, lawyers from Ropes & Gray discussed cryptocurrencies and digital assets, and the ways registered funds might be able to incorporate these assets into their investment portfolios. And, in a column for Morningstar, financial advisor Tyrone Ross wrote that a fast-moving asset class like crypto assets can be intimidating for the uninitiated and provided reputable educational resources on crypto assets and crypto currencies, including books, research and commentary from top firms, and  information platforms.