Invesco Physical Bitcoin

Invesco Physical Bitcoin is an Exchange Traded Note (ETN) and Exchange Traded Product (ETP) designed to provide investors with direct exposure to the price of Bitcoin, the leading cryptocurrency. Launched in November 2021 and domiciled in Jersey, this physically backed instrument holds actual Bitcoin in secure, offline cold storage by institutional custodians, ensuring transparency and minimizing risks associated with direct ownership such as storage and security concerns. Its primary function is to replicate Bitcoin's price movements in USD, unhedged against currency fluctuations, offering a cost-efficient and straightforward alternative for portfolio diversification into digital assets. With a fund size around EUR 234 million, it caters to both individual and institutional investors interested in the cryptocurrency market's growth as a store of value and hedge against traditional assets. As part of Invesco's digital markets offerings, Invesco Physical Bitcoin facilitates participation in the evolving crypto ecosystem without requiring direct handling of the underlying asset, emphasizing secure replication and accumulating distribution policy.