Invesco MF puts launch of blockchain fund on hold over regulatory concerns

Move follows RBI alarm bells on crypto; The fund was to invest in Invesco CoinShares Global Blockchain UCITS ETF, an ETF listed globally

Invesco Mutual Fund has put the launch of its blockchain fund Invesco CoinShares Global Blockchain ETF Fund of Fund on the backburner because of regulatory concerns.

The fund was to invest in Invesco CoinShares Global Blockchain UCITS ETF, an exchange traded fund listed on global stock markets, which would mimic returns of Elwood Blockchain Global Equity Index--comprising companies that get their revenues through the blockchain technology. The fund was slated to open for subscribtion on November 24.  

"From the developments of the last few days, Indian lawmakers have been meeting participants in the country's digital assets industry, which will likely