Invesco is a global investment management firm offering mutual funds, exchange-traded funds, institutional strategies, alternatives, and digital asset investment products. Founded in 1935, the company has expanded its cryptocurrency business through a strategic partnership with Galaxy Digital, providing U.S. investors with exchange-traded exposure to Bitcoin, Ethereum, Solana, and companies participating in the broader crypto economy.
Overview
- Founded: 1935
- Legal entity: Invesco Ltd.
- Headquarters: Atlanta, Georgia
- President and CEO: Andrew Schlossberg
- Stock ticker: NYSE: IVZ
- Category: Global asset management and exchange-traded products
- Assets under management: Approximately $2.47 trillion as of June 30, 2026
- Crypto partner: Galaxy Digital
- Website: invesco.com
History and Global Asset Management Business
Invesco traces its history to 1935 and operates as an independent investment manager with a presence in more than 20 countries. The company serves individual investors, financial advisers, institutions, sovereign entities, and other clients through active and passive investment strategies spanning equities, fixed income, alternatives, commodities, and ETFs.
Andrew Schlossberg has served as president and chief executive officer since 2023 after holding senior leadership positions across Invesco's Americas and EMEA businesses. Invesco is publicly traded on the New York Stock Exchange and maintains its corporate headquarters in Atlanta.
Invesco and Galaxy Digital Partnership
Invesco entered a strategic partnership with Galaxy Digital in September 2021 to develop U.S.-listed digital asset investment products. The arrangement combines Invesco's ETF, distribution, and asset-management infrastructure with Galaxy's cryptocurrency trading and digital asset expertise.
The collaboration initially included equity-based blockchain products before expanding into exchange-traded products that hold cryptocurrencies directly. Invesco and Galaxy launched the Invesco Galaxy Bitcoin ETF following the introduction of U.S. spot Bitcoin ETFs in January 2024 and subsequently added Ethereum and Solana products.
Bitcoin, Ethereum, and Solana ETFs
The Invesco Galaxy Bitcoin ETF, ticker BTCO, launched on January 11, 2024. The product holds Bitcoin and seeks to reflect its spot-market performance using the Lukka Prime Bitcoin Reference Rate, less expenses and liabilities. BTCO trades on Cboe BZX and carries a 0.25% expense ratio.
The Invesco Galaxy Ethereum ETF, ticker QETH, launched on July 23, 2024. QETH provides direct exposure to ether through a grantor trust structure and tracks the Lukka Prime Ethereum Reference Rate. Like BTCO, the product trades on Cboe BZX and charges a 0.25% expense ratio.
In December 2025, Invesco expanded the lineup with the Invesco Galaxy Solana ETF, ticker QSOL. The fund seeks to track the spot price of SOL while incorporating eligible yield generated by staking the fund's Solana holdings, after fees and liabilities. QSOL launched on December 15, 2025 with a 0.25% expense ratio.
Broader Crypto and Blockchain Exposure
Invesco also offers equity-based products targeting companies involved in cryptocurrency and blockchain infrastructure. The Invesco Alerian Galaxy Crypto Economy ETF, ticker SATO, invests across areas such as crypto mining, enabling technologies, digital asset investment vehicles, and related businesses. Its expense ratio is 0.60%.
The firm's digital asset strategy therefore spans both direct cryptocurrency ETPs and conventional equity ETFs tied to companies participating in the blockchain economy. Investors access these products through brokerage accounts rather than holding private keys or managing blockchain wallets directly.
Regulation and Product Structure
BTCO, QETH, and QSOL are exchange-traded grantor trusts registered under the Securities Act of 1933. They are not investment companies registered under the Investment Company Act of 1940 and therefore do not receive the protections applicable to conventional registered mutual funds and ETFs. Invesco Capital Management LLC serves as sponsor for the products, while cryptocurrency pricing relies on benchmarks provided by Lukka.
Risks and Considerations
Invesco's crypto investment products remain exposed to substantial digital asset price volatility, custody and operational risks, regulatory changes, blockchain disruptions, and potential differences between market prices and net asset values. QSOL additionally introduces staking-related risks, including validator performance and changes to Solana's staking mechanics. Although exchange-traded structures remove the need for investors to manage private keys directly, they do not eliminate the underlying market and technology risks associated with cryptocurrency investments.
