This year in June, 15 Indian banks, including Kotak Mahindra, ICICI, and Axis, decided to form a new trade finance system that would adopt blockchain technology. While it wasn't created to invest in digital assets such as Bitcoin or Ethereum directly, Invesco's blockchain fund focused on investing in an Ireland-domiciled ETF that bets on the blockchain ecosystem created by listed companies in developed and emerging markets.īut it's not alone. The fund, which was supposed to open for subscription on November 24, has now been put on hold due to regulatory flux surrounding cryptocurrency investments in India.Įver since its announcement, investors have been eagerly waiting for an opportunity to invest in a fund that offered legitimate exposure to blockchain technologies. Investment management firm Invesco announced that it's deferring the launch of CoinShares Global Blockchain ETF Fund of Fund, just days after receiving SEBI's approval for what could have been India's first-ever mutual fund scheme offering investment opportunity in the blockchain ecosystem. Seems like India's first-ever blockchain fund will just have to wait a while.
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