New Blockchain ETF Company Elwood Plans Fresh Crypto Investment Options

The UK-based asset management company named Elwood Asset Management is in the latest crypto news for its plans to increase its cryptocurrency offerings. After co-launching a blockchain exchange traded fund (ETF) which was even featured on Bloomberg on March 12, Elwood is making big plans for investments in the crypto industry.

Owned by the billionaire Alan Howard who is behind Brevan Howard, the company has partnered with a company named Invesco in order to deliver a blockchain ETF to market this week.

The company spoke with media outlets and reporters, telling them that it is already eyeing what else it could offer institutional investors which are eager to gain exposure to the world of cryptocurrencies.

The CEO of Elwood, Bin Ren, commented the news to Bloomberg, saying:

“The only way for institutions to get meaningful exposure to digital assets has been to buy Bitcoin, but many are reluctant or unable to buy Bitcoin – and for good reason. An ETF gives a highly liquid and regulated way to gain exposure. This is the right point to start.’’

However, Ren did not mention any specific products or services that Elwood could offer.

“Elwood also plans to develop investments tied to the trading of digital assets, and may eventually offer exposure to cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH),” he said in the Bloomberg interview.

This shows that there are more and more cryptocurrency investment products which gain uptake and publicity. From a wider perspective, this is a trend which is constrasted by the regulatory climate which is not yet stable – making serving large numbers of clients varying in terms of their jurisdiction.

On the other hand, the city of London has banned certain cryptocurrency related trading instruments. In the US, regulations led to a repeated delay of Bakkt which is a major institutional trading platform that many hope could increase the industry’s public profile.